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Buffett was known for his frugality from "summary" of The Snowball by Alice Schroeder
Warren Buffett was famous for his frugality, a trait he had inherited from his father. Growing up during the Great Depression had instilled in him a deep appreciation for the value of money and the importance of living within one's means. This frugality manifested itself in various aspects of his life, from his personal spending habits to his business decisions. Despite amassing a fortune through his investments, Buffett continued to live a modest lifestyle. He lived in the same house he had bought in the 1950s and drove a modest car, refusing to indulge in extravagances that his wealth could easily afford. His simple lifestyle served as a reminder to himself and others that wealth was not to be squandered but rather preserved and grown through wise financial decisions. Buffett's frugality extended beyond his personal life to his business dealings as well. He was known for his thrifty approach to investing, always looking for undervalued companies with strong fundame...
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