The connection between money and happiness comes up often in the media. If you had $100,000, what would you do with it? Invest it? Buy a fancy sports car? Take a trip around the world? Or would you buy a share in Berkshire Hathaway, Warren Buffett’s holding company that has averaged high and consistent returns over the years?
Warren Buffett, chairman and CEO of the company, is the legendary American businessman and philanthropist who has donated billions of dollars to charity. He probably knows a lot about money and happiness.
In a 2009 interview with college students, he shared the following thoughts:
• It is important to recognize that happiness is not about making money, but money is a nice thing to have.
• Marriage is the most important decision you will make in your life.
• I have not let work decisions/investments change my life. I have not missed a movie, a meal, a trip or event with my wife and kids.
• I am not impressed with people who put their name on buildings. I am more impressed with the cleaning lady who still puts money in the collection basket on Sundays.
• The most important mistakes are ones of omission – those that do not show up in statements, but rather are missed opportunities.
• Learn from other people’s mistakes, not just your own.
Dr. Frank
