Article by Hurricane Capital, @HurriCap
“The difference between successful people and very successful people is that very successful people say ‘no’ to almost everything.” –Warren Buffett
Warren Buffett is among the richest men in the world. Warren can buy pretty much anything he wants to, and more than most other people could ever dream of. Yet he seems to be frugal, not a big spender. But there’s one thing that even Warren Buffett cannot buy, and that is time.
Charlie Munger On One Of His Biggest Mistakes
Time for me is also in short supply. Working in the days and then exercising, reading and blogging at night also makes you wish you had a few more hours every day. Like Warren, I also think time is the most precious thing. One thing that I have changed lately is my presence on Twitter. Right now, I haven’t been active on Twitter at all for a few months. It just takes to much of my attention and energy. That’s why I decided, at least for now, to take a Twitter break. No tweets, no retweets, nothing.
So, let’s see what old Warren has to say about time. Here’s a brief transcript from a Charlie Rose interview.
Warren Buffett: I mean I can buy anything I want basically, but I can’t buy time.
Charlie Rose: And so to to have time is the most precious thing you can have?
Warren Buffett: Yes, I better be careful with it. There is no way I will be able to buy more time.
Charlie Rose: And living in Omaha makes that easy?
Warren Buffett: That makes it a lot easier. I, for 50 whatever, well for 54 years I spent five minutes going each way now. Just imagine that was a half an hour each way. You know. I know the words to a lot more songs and that’s about it.
Charlie Rose: It adds up. Doesn’t it?
Warren Buffett: It really adds up. Now if you’re doing an hour a day difference coming and going that’s two and a half percent of the person’s work week. That means 40 years you’re talking about a year.
Source: YouTube – Wisdom From Warren Buffett (2017)
