What Warren Buffett’s Mentor Could Teach Us About Life And Money

Benjamin Graham led a colorful life.

He chased women. He loved philosophy, languages, travel and different cultures. He was Warren Buffett’s professor at Columbia University.

Today, the Oracle of Omaha says Benjamin Graham was the second most influential man in his life, after Buffett’s father.

But Buffett and Graham couldn’t be more different. Buffett loves to work. The 87-year-old once joked that he would use séances to run Berkshire Hathaway from his grave.

Graham, who died in 1976 at age 82, beat to a different drum. Janet Lowe’s book, Benjamin Graham on Value Investing, summarizes his investment philosophy and his interesting life.

I remember one thing he said more than any other.

He said that anyone who dies with more than a million dollars is a fool.

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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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1 Response

  1. Shawn says:

    Great article Andrew. As an early 30’s millennial who is saving and investing hard I often wonder why. I enjoy my current job and often find myself a bit bored near the end of my vacations.

    Did you aim to FI/RE when you started investing years ago or did you enjoy working overseas (and subsequently taking command of your retirement planning) rather than staying in Canada and earning a pension?

    Thanks again and keep up the great work.

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