Overview
Warren Buffett is a renowned American investor, businessman, and philanthropist, often referred to as the ‘Oracle of Omaha.’ He is the chairman and CEO of Berkshire Hathaway, a multinational conglomerate holding company.
Role in this knowledge base
He is cited as an authority on financial principles, specifically regarding the wisdom of leasing depreciating assets like cars versus buying appreciating assets.
Key facts
- Buffett’s principle suggests leasing depreciating assets and buying appreciating assets.