Warren Buffett is one of the world’s richest men. He’s widely considered to be among the world’s most successful investors.
But what does Buffett consider to be success? Is it your net worth? Is it some measure of cash liquidity? Is success found in being one of the top 1 percent of earners? Or something else?
In her biography of Buffett, writer Alice Schroeder tells the story about a time when Buffett was asked that question. He had given a presentation at the University of Georgia and was answering student questions at the end.
“What’s your definition of success?” one of the students asked.
Buffett’s answer said nothing about money or land or stocks or comparisons to other people. He was concerned only about who loved him. He told the student that when you reached the point at which you faced death, your only measure of success should be whether the “people you want to have love you actually do love you.”