What are Warren Buffet's New Year resolutions? - ProProfs Discuss
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What are Warren Buffet's New Year resolutions?

Asked by R. Barnes, Last updated: Jul 16, 2020

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W. Pratt

W. Pratt

Want to learn new things and share my knowledge

W. Pratt
W. Pratt, Marketing Analyst, MBA, Lincoln

Answered Apr 16, 2020

One wouldn't think that a man with access to everything would have New Years Resolutions, but Warren Buffet does. Despite being a billionaire, there are things that he still wants to accomplish. One of his resolutions is to take over another country. Some of the billions of dollars that he has been stashed away, awaiting a deal for a country.

Other than that, Buffet has it all, which could explain why his annual letters have been shorter in length than usual. With the massive goal of buying another country, Buffet's other resolutions include looking for a good value on purchases, staying out of debt, and being resourceful.

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I.Isabella

I.Isabella

I.Isabella
I.Isabella

Answered Jan 28, 2020

Buffet has said that the thought of taking over another country makes him very excited. He has chosen to hoard his money as he is looking for a significant deal on which to spend his company's cash. Buffet's highly anticipated annual letters recently have been shorter than usual, and they have lacked his signature spark that he throws into it.

Berkshire's last massive take over, which Buffet refers to as "elephant" was Precision Castparts, an aerospace parts supplier. It was finished nearly four years ago. This year, Berkshire supplied billions of dollars' worth of high-interest financing to help another company. He is looking for the next big 'get.' For 2020 all resources point to him following his status quo of looking for good value when he purchases, avoiding debt and continuing to be thrifty.

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