Billionaire Buffett Says Wealth Doesn't Define Greatness

Warren Buffett’s vast fortune has not changed his famously modest lifestyle: He has kept the Omaha home he bought in 1958, drives older cars and favors inexpensive McDonald’s meals. He has said the house matters for the family memories it holds, and his final Berkshire Hathaway shareholder letter argued that wealth, fame and political power do not define greatness. Instead, Buffett emphasized kindness and treating people with equal respect. A separate personal-finance column cited his 2013 advice to invest an inheritance primarily in a low-cost S&P 500 index fund, with a smaller share in short-term government bonds, as a framework for a couple debating how to use a $500,000 inheritance near retirement.