That way you will have plenty of resources left to try to develop an insight that will make you as rich as Warren Buffett, Bill Gates or Oprah.
As you may have heard, super-rich guy Warren Buffett recently penned an op-ed piece in the New York Times calling for higher taxes on super-rich guys.
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In addition, some prominent rich people, like Warren Buffett and David Tepper, himself one of the most successful hedge fund managers in the nation, have called for getting rid of carried interest.
So he will not thank another rich and wrinkled investor, Warren Buffett, for his observations on Dow Jones's unfulfilled potential.
This would make Warren Buffett more rich on paper and increase his appreciation, but not his taxes until he sells the stock.
Was Warren Buffett destined to get rich, or did he simply have the right combination of skills and approach for the time in which he built his name?
Warren Buffett is not the only rich list member playing more than one horse.
Ironically, the proposals barely touch the Warren Buffets and other super-rich who derive their revenue from capital gains and dividends and keep the bulk of their wealth from taxation by setting up private charities and foundations.
Warren, when the sun shines on the rich, we all bask in the warmth.
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Broad is a member of the Giving Pledge and, like Warren Buffett, supports higher taxes for the rich.
The move follows a call by US billionaire investor Warren Buffett for higher taxes on the American ultra-rich.
The issue gained worldwide attention in September, when Microsoft co-founder Bill Gates and investor Warren Buffett travelled to China to persuade the super-rich there to donate more of their money to worthy causes.
So although we can't all take Warren Buffett's "millionaire's pledge" -- where the richest of the rich pledge to give away at least 50% of their wealth -- we can commit to giving more to others than we do now.
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