If thereโs one person in the world who knows a thing or two about wealth creation, itโs Warren Buffett.
The self-made billionaire, who co-founded Berkshire Hathaway, has essentially been the most prolific champion of value investing throughout the 20th and 21st centuries.
But would you believe he credits all his success to something that has nothing to do with money?
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According to the Oracle of Omaha himself, it all comes down to a good marriage.
โYou want to associate with people who are the kind of person youโd like to be. Youโll move in that direction,โ he explained during a conversation with Bill Gates back in 2017 (via Fortune).
โAnd the most important person by far in that respect is your spouse. I canโt overemphasise how important that is.โ
Elsewhere, Benjamin Grahamโs #1 disciple has echoed this very sentiment on multiple occasions.
In the HBO documentary Becoming Warren Buffett, he noted the two major turning points in his life were when he was born and when he met his late wife Susan.
โWhat happened with me would not have happened without her.โ
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During a 2009 Berkshire Hathaway annual meeting, he said: โMarry the right person. Iโm serious about that. It will make more difference in your life. It will change your aspirations, all kinds of things.โ
Warren Buffett married Susan in 1952 before raising their three children Susie, Howard, and Peter during their fruitful 52-year partnership together.
โIf youโre going to get married, you want a marriage thatโs going to last,โ said Buffett, which is essentially just a romantic extension of his famed โbuy and holdโ strategy.
โWhat quality do you look for in a spouse? One quality. Do you look for brains? Do you look for humour? Do you look for character? Do you look for beauty?โ
โNo. Not necessarily the happiest marriage โ or one that Martha Stewart will talk about. You want a marriage that is going to last.โ
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Sadly, in 2004, Susan passed away due to a cerebral hemorrhage. But two years later, Mr Buffett would be wedded to longtime family friend Astrid Menks; seemingly with Susanโs blessing.
Many have observed how the trio were extremely close, even when Susan was alive, to the point where they sent out Christmas cards signed โWarren, Susie, and Astrid.โ
Happy wives, happy life, I suppose.
