Warren Buffett On Life's Ultimate Test: 'When You Get To My Age, You'll Really Measure Your Success By How Many Of The People You Want To Have Love You Actually Do Love You' — Some Of The Richest People Find 'Nobody In The World Loves Them' (2024)

Jeannine Mancini

·4 min read

At age 93, legendary investor Warren Buffett has amassed more than an impressive investment portfolio; he's also a treasure trove of life wisdom.

While he's most famous for his uncanny ability to pick stocks and evaluate companies, his sagacity extends beyond the financial realm. Known as the Oracle of Omaha, Buffett offers insights that delve into the essence of life and human relationships, particularly when it comes to the nuanced subject of love. In a telling exchange with students, Buffett provides what may be considered his most invaluable asset yet — his perspective on love as the ultimate measure of success in life.

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In a talk with Georgia Tech students, Buffett was asked to reflect on his greatest successes and failures. His answer was unexpectedly distant from his financial exploits. He stated, "When you get to my age, you'll really measure your success in life by how many of the people you want to have love you actually do love you."

Expanding on this, he acknowledged that he knows people who have amassed fortunes yet are essentially bankrupt in the realm of love. "I know people who have a lot of money ... but the truth is that nobody in the world loves them ... that's the ultimate test of how you have lived your life."

Buffett didn't just stop at identifying the problem; he also offered a solution. "The trouble with love is that you can't buy it. The only way to get love is to be lovable. The more you give love away, the more you get."

These lines encapsulate Buffett's philosophy on love, highlighting its reciprocity. For him, love is an investment where the principal currency is not money but qualities like kindness, understanding and generosity.

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These philosophies on love are reflected in various aspects of Buffett's life, including his marriages. His relationship with his late first wife, Susan Thompson Buffett, had a foundation of mutual respect and love, even sustaining a friendship after their separation. His second marriage to Astrid Menks in 2006 has been described as grounded in a similar framework of genuine affection and shared values.

The billionaire's philanthropic efforts, notably his significant commitments to charitable organizations through the Giving Pledge, can also be seen as an extension of his philosophy on love. By pledging to give away the vast majority of his wealth, Buffett practices what he preaches — the idea that "the more you give love away, the more you get."

Buffett famously plans to give his children "enough money so that they would feel they could do anything but not so much that they could do nothing." It's a form of love that empowers rather than stifles.

Just as he believes that "the more you give love away, the more you get," investing in the right startups offers the opportunity for exponential returns, both financially and socially. When investors put their capital into startups — whether they focus on healthcare innovations, sustainable housing solutions or groundbreaking artificial intelligence — they're doing more than backing a vision. They're investing in the potential to change lives, perhaps even the fabric of society itself.

The most valuable investments are those that make the world a better place and in which the return is measured not in dollars and cents but in the enduring currency of love and positive change. Just as Buffett invests in companies with long-term value, anyone can invest in relationships and opportunities that have the potential to uplift and transform. That may be the ultimate test of a life well lived.

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This article Warren Buffett On Life's Ultimate Test: 'When You Get To My Age, You'll Really Measure Your Success By How Many Of The People You Want To Have Love You Actually Do Love You' — Some Of The Richest People Find 'Nobody In The World Loves Them' originally appeared on Benzinga.com

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Warren Buffett On Life's Ultimate Test: 'When You Get To My Age, You'll Really Measure Your Success By How Many Of The People You Want To Have Love You Actually Do Love You' — Some Of The Richest People Find 'Nobody In The World Loves Them' (2024)

FAQs

Warren Buffett On Life's Ultimate Test: 'When You Get To My Age, You'll Really Measure Your Success By How Many Of The People You Want To Have Love You Actually Do Love You' — Some Of The Richest People Find 'Nobody In The World Loves Them'? ›

He stated, "When you get to my age, you'll really measure your success in life by how many of the people you want to have love you actually do love you." Expanding on this, he acknowledged that he knows people who have amassed fortunes yet are essentially bankrupt in the realm of love.

What was Warren Buffett's most famous quote? ›

“Price is what you pay, value is what you get.” This famous Buffett quote strikes at the heart of the “value investor” approach and reveals the secret of how Buffett made his fortune.

What does Warren Buffet say about love? ›

“The problem with love is that it's not for sale,” Buffett told University of Georgia students in 2001. “The only way to get love is to be lovable. It's very irritating if you have a lot of money.

What is the Warren Buffett 70/30 rule? ›

A 70/30 portfolio is an investment portfolio where 70% of investment capital is allocated to stocks and 30% to fixed-income securities, primarily bonds.

What is Warren Buffett's golden rule? ›

Buffett's headline rule is “don't lose money” and his second rule is “don't forget rule one”. This might sound obvious. Of course, it is. But it's important to look at the message within.

How much cash does Warren Buffett keep? ›

Simplicity has been at the center of Buffett's strategy for decades. With Berkshire holding a record $168 billion of cash and short-term investments on its balance sheet, investors must surely be wondering what Buffett is thinking. I'd say he just told us, and I think it makes a lot of sense.

How many hours a night does Warren Buffet sleep? ›

“I get quite a bit of sleep. I like to sleep,” Buffett said in a widely quoted 2017 interview with PBS NewsHour. “I will usually sleep eight hours a night, and that—no, I have no desire to get to work at four in the morning.”

What does Warren Buffet eat every morning? ›

Breakfast Routine: Buffett has mentioned that he enjoys a simple and consistent breakfast. He often opts for a McDonald's breakfast, typically ordering a bacon, egg, and cheese McMuffin, along with a co*ke.

Is Warren Buffet a religious man? ›

Buffett worked with Christopher Webber on an animated series called "Secret Millionaires Club" with chief Andy Heyward of DiC Entertainment. The series features Buffett and Munger and teaches children healthy financial habits. Buffett was raised as a Presbyterian, but has since described himself as agnostic.

At what age should you get out of the stock market? ›

There are no set ages to get into or to get out of the stock market. While older clients may want to reduce their investing risk as they age, this doesn't necessarily mean they should be totally out of the stock market.

What does Warren Buffett recommend for retirement? ›

According to Buffett, you should invest 90% of your retirement funds in stock-based index funds. According to Buffett, the remaining 10% should be invested in short-term government bonds. The government uses these to finance its projects.

What is the 120 age rule? ›

The Rule of 120 (previously known as the Rule of 100) says that subtracting your age from 120 will give you an idea of the weight percentage for equities in your portfolio.

What is Warren Buffett's 90 10 rule? ›

Warren Buffet's 2013 letter explains the 90/10 rule—put 90% of assets in S&P 500 index funds and the other 10% in short-term government bonds.

What is Warren Buffett's weakness? ›

When he goes down a track that doesn't make sense, he does not pay attention to anything, which is a weakness for a big business leader like him. His biggest weakness is greed. He loves money too much that it interfered with his relationship with his family for a long time.

What is the number one rule of wealth? ›

1 – Never lose money. Let's kick it off with some timeless advice from legendary investor Warren Buffett, who said “Rule No. 1 is never lose money.

What is the most famous quote ever said? ›

“I have a dream.”

– Martin Luther King Jr.

What was Warren Buffett's motivational quote? ›

You only have to do a very few things right in your life so long as you don't do too many things wrong. Time is the friend of the wonderful company, the enemy of the mediocre.

What is the famous quote by Warren Buffett when others are greedy? ›

Warren Buffett once said that it's wise for investors “to be fearful when others are greedy and to be greedy only when others are fearful.” This statement is somewhat of a contrarian view of stock markets that relates directly to the price of an asset.

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