5 Lessons in Contentment from Billionaires Warren Buffett & Charlie Munger By Leo Babauta

5 Lessons in Contentment from Billionaires Warren Buffett & Charlie Munger By Leo Babauta


I sat in a crowd of 45,000 about 10 days ago, watching super-billionaire investors Warren Buffett and Charlie Munger riff off each other and deliver quick wit and worldly wisdom about finances and life in general, at the famous Berkshire Hathaway Annual Shareholders Meeting in Omaha.

As I listened to these titans of the investing world, it struck me how content they are.

Not just content because they have all the riches in the world and all their needs met (they do), but because they understand fundamentals of contentment with life, which I believe is a superpower.

It was amazing to listen to these two masters talk about investing, but learn lessons in contentment throughout the investing advice.

Today, in anticipation of my upcoming, free ebook, “The Little Book of Contentment“, I’d like to share what I learned from Warren and Charlie.

I’d like to thank my friends Jake & Lonnie of Farnham Street Investments (and Mike & Scott of Cumbre Capital) for the once-in-a-lifetime trip.

Lessons in Contentment from Warren & Charlie The key lessons:

“Find what turns you on.” Warren said this in response to a question about what advice he’d give to his younger self 50 years ago. He wasn’t talking about sex, but about what you do for a living. And while we’ve all heard “Do what you love”, it’s telling that this is the one thing he’d tell his younger self — it’s that important to happiness. If you do what turns you on, you will be much further along the road to contentment. Don’t worry about what everyone else is doing. Charlie, who is impressively intelligent, said one of the big advantages that Berkshire Hathaway has had is that Warren & Charlie don’t need to worry about what everyone else is doing (in the investment world). Too many people get caught up in watching everyone else, and letting that influence them, that they lose their inner compass. Instead, figure out the guiding principles that matter the most to you, an