I am not really a big Buffet fan but when you look at his modest lifestyle and spending habits, it takes a lot of self-discipline to have billions and yet maintain the lifestyle of your neighbor down the road working 9 to 5. I will definitely give him that.
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I agree with this. When we have more we spend more. There's nothing wrong with this. But spending what we don't have like loaning credit from cards or assuming a win in trading and spending on the basis of this is somehow not right. That's what I personally follow.