Buffet is good listening

CNBC had back to back specials on Warren Buffet tonight. Here are some great quotes:

"your standard of living is not always equal to your cost of living"

- how many of us that make 1% of what he does need to hear this
- the guy lives in the same house he paid 39500$ 40-50 years ago
- he drives himself around in a 2006 Cadillac
- he has little indulgences
- never spoiled his kids (in comparison to what he's worth)
- all the buffets have gone to public school

"do what you love"

- none of his kids are in business (one's a musician, another a photographer, and another in administration - they all have foundations)

"I just want to live life like I did in my 20's,... putting on my sweat suit when I get home after work..."

- his kids didn't realize how rich he was until he become national and international in the 80's

Ask if he was afraid of risk? (regarding his last visit to Israel, as one of his companies is 8 miles from the Lebanon border)

"not really, I'm in insurance, I know the infrequency of accidents, regardless where I am, one of those can happen"

This guy lives modest, casual, and is not so serious about himself.

...OH... after talking about Buffet's 30,000,000,000$ donation to the Bill and Melinda Gates foundation last year... they mentioned a cool stat: if the 950 billionaires in America just gave 5% of their yearly earnings (in the trillions), millions of people (i think 10M) per year could be rescued from poverty and disease.