> Warren Buffett Blog: November 2015

Monday, November 23, 2015

Passion for work more important than pay

There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. 

When I first got out of Columbia Business School, I wanted to go to work for Graham immediately for nothing. He thought I was over-priced. But I kept pestering him. I sold securities for three years and I kept writing him and finally I went to work for him for a couple of years. It was a great experience. But I always worked in a job that I loved doing. You really should take a job that if you were independently wealthy that would be the job you would take. You will learn something, you will be excited about, and you will jump out of bed. You can't miss. You may try something else later on, but you will get way more out of it and I don’t care what the starting salary is.

When you get out of here take a job you love, not a job you think will look good on your resume. You ought to find something you like.

Wednesday, November 18, 2015

Dont work a job just because it looks impressive on your Resume

I get to work in a job that I love, but I have always worked at a job that I loved. I loved it just as much when I thought it was a big deal to make $1,000. I urge you to work in jobs that you love. I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. 

I was with a fellow at Harvard the other day who was taking me over to talk. He was 28 and he was telling me all that he had done in life, which was terrific. 

And then I said, "What will you do next?" "Well," he said, "Maybe after I get my MBA I will go to work for a consulting firm because it will look good on my resume." 

I said, "Look, you are 28 and you have been doing all these things, you have a resume 10 times than anybody I have ever seen. Isn't that a little like saving up s-e-x  for your old age?"

Monday, November 16, 2015

Warren Buffett invests in Texas real estate company

Billionaire Warren Buffett is getting in on the Dallas real estate market. HomeServices of America which is an affiliate of Bershire Hathaway has purchased Dallas, Texas based firm - Allie Beth Allman & Associates.

The real estate company specializes in luxury properties with $1.5 billion in sales last year. "Allie Beth Allman & Associates is a strong company with an exceptional reputation in a growth market," said Ron Peltier, HomeServices' chairman and CEO. "This transaction aligns with our vision of acquiring distinguished companies in leading markets that share our core values."

Allie Beth Allman & Associates was founded in 2003 and is recognized as the "highest-grossing, single office residential real estate firm in Dallas," according to a press release.

Wednesday, November 4, 2015

Shocking reason why Warren Buffett's son avoids donating to charities

Howard Buffett (Eldest son of Warren Buffett): We try to avoid charity, if we can. We think of what we do as an investment. If you look at what we’re doing in Democratic Republic of the Congo, where we’re building three hydroelectric plants, that’s an investment. People will have electricity in their homes, businesses will be built, and farmers will thrive. That’s what our approach accomplishes.

Why avoid charity?

Charity doesn’t solve a long-term problem. It addresses an immediate situation, but it won’t solve anything. For me, charity comes into play when there’s not a good opportunity to make an investment, but you still feel there’s something you should do—you’re compelled to do it. In the world’s poorest places, there are limited resources, limited infrastructure, and limited governance. Together, that can create a very difficult environment. So sometimes you can’t do it purely one way or the other and, instead, you end up doing both.