Legendary investor and Berkshire Hathaway CEO Warren Buffett has always emphasized how important it is to wisely choose who you spend your time with each day.
6 people who have been highly influential in Warren Buffett’s life
The billionaire has expressed his admiration for a variety of public figures, from politicians like Bernie Sanders to athletes like LeBron James, but there are just a handful of people Buffett has extensively lauded and shared his appreciation for over the years.
Here are six people who have been influential in Buffett’s life.
1. Jeff Bezos
Buffett told CNBC in May that he not only finds e-commerce site Amazon fascinating and brilliant but also thinks its CEO Jeff Bezos “is the most remarkable business person of our age.” “We haven’t seen many businessmen like him,” Buffett told CNBC’s “Squawk Box” last year. “There are certain people you do not want to try to beat at their own game and certainly Jeff Bezos would be number one.”
2. Howard Homan Buffett
Buffett recently told Forbes that his father, Howard Homan Buffett, was his number one teacher. Buffett’s father also introduced him to his love for books and investing.
“My dad happened to be in the investment business, so when I would go down to have lunch with him on Saturdays, or whenever it might be, I would pick up the books around his office and start reading,” Buffett said. “If he’d been a shoe salesman, I might be a shoe salesman now.””What I basically got from my father is unconditional love,” Buffett said. “Whatever I did, he was all for it. It didn’t matter how much money I made or anything like that. It was just, ‘Do your best in whatever you take on.’ ”
3. Benjamin Graham
Buffett’s most talked about mentor and one of his “greatest teachers” is the late investor Benjamin Graham, the father of value investing and Buffett’s most admired Columbia Business School professor.
“Ben was this incredible teacher,” Buffett said in “Becoming Warren Buffett.” “He was a natural, and he drew us all in. It was like learning baseball from a fellow who was batting .400. It shaped my professional life.”
At 19, Buffett accidentally bought Graham’s book “The Intelligent Investor,” which he would eventually read about half a dozen times and would inspire his investment philosophy and strategy to this very day.
“The best thing I did was to choose the right heroes. It all comes from Graham,” Buffett said in writer Roger Lowenstein’s book, “Buffett: The Making of an American Capitalist.”
4. Charlie Munger
Buffett’s business partner and Berkshire Hathaway vice chairman Charlie Munger has been a good friend to Buffett for nearly 60 years.
“We were mental partners right from the moment we met,” Buffett said in “Becoming Warren Buffett.”
“He’s ungodly smart, he’s got a much broader intellect than I do and he’s magnificent at being able to condense important ideas into just a very few words,” Buffett added.
5. Bill Gates
Bill Gates and Buffett have been friends for just over 26 years but nearly didn’t meet. In the 1990s, Gates’ parents invited him to a dinner where they wanted him to meet Buffett. Despite protesting the invitation, Gates showed up, met Buffett and the rest was history.
Gates is now a shareholder and director at Berkshire Hathaway and Buffett has donated about $27.54 billion to the Bill and Melinda Gates Foundation and their other family charities. Earlier this year, Bill and Melinda Gates dedicated their foundation’s annual letter to Buffett for his contributions and positive outlook.
6. Susan Buffett
In “Becoming Warren Buffett,” the business mogul said that in his life, there have been two turning points: “One when I came out of the womb and one when I met Susie,” as he called his late first wife Susan Buffett.
He also told Forbes that Susan taught him a lot about investing and credits her for teaching him to open himself up to the world emotionally.
“Basically, 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,” he said. “You’d like to think you could write a check: I’ll buy a million dollars’ worth of love. But it doesn’t work that way. The more you give love away, the more you get.”
So, here were the 6 people who have been highly influential in Warren Buffett’s life .