The Incredible Frugality Of A Young Warren Buffett | Exploring Markets

The Incredible Frugality Of A Young Warren Buffett

There is a post in the Motley Fool about Warren Buffett. The post focuses on his younger days with an emphasis on his ambitious, yet somewhat obsessive desire to save money:
"In his early days as a 20-something analyst, Buffett would save a few dollars per week by buying week-old magazines from the newsstand. His thinking was that these magazines would soon go to the trash can, giving him an opportunity to grab a bargain." 
"We hear all the time of wealthy Americans who look closer to broke than rich. Buffett certainly fit in this category." 
"At the same time Buffett borrowed cars from neighbors to save on gas, he was making thousands of dollars from his stock picks. But no one knew -- not even his wife, Susie."


Read the full piece from Motley Fool here