EXCLUSIVE: Warren Buffett Reveals What He'd Do With His Last $20K

Warren Buffett, Chairman and CEO of Berkshire Hathaway (NYSE: BRK-B), was in Detroit last month. The billionaire sat down with Quicken Loans Chairman and Founder Dan Gilbert, along with President and Chief Marketing Officer Jay Farner, for an hour-long chat.

Now 84 years old, Warren Buffett has been asked many questions about investing, but a particularly intriguing one popped up in Detroit. An audience member asked: "If you were down to your last $20,000 -- your last -- what would you do with it to regain your fortune?"

Without hesitation, Buffett replied: "I wouldn't be so much worried about regaining my fortune as I would be about finding something I wanted to do the rest of my life."

Related Link: EXCLUSIVE: Warren Buffett Says Mr. Market Is A 'Drunken Psycho'

"There are plenty of things I could do with $20,000 where I would enjoy the rest of my life," he added.

"I had just as much fun in life when I had $20,000 as I have now...it's independent of money. I have had the good fortune of being able to do what I love with people I love, and it just doesn't get any better than that."

"Fortunately, I'm in something where age doesn't make much difference. At 84, I can really do the same sort of thing, basically, I was doing when I was 24."

In the interview, Warren Buffett also discussed his investment strategy, why he's so bullish on America, and the first time he met Bill Gates.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Success StoriesExclusivesPersonal Finance000Berkshire HathawayDan GilbertDetroitJay FarnerQuicken LoansWarren BuffettWarren Buffett's last $20
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!