Investing in Omaha

In an age when all the attention is on rich Silicon Valley people designing things for each other, it’s interesting to read why the world’s most successful investor lives in Omaha, Nebraska:

Buffett is known for investing in quality businesses that have fallen out of favor with the market, and he said being in Omaha helped him do that.

“In some places it’s easy to lose perspective. But I think it’s very easy to keep perspective in a place like Omaha,” he said.

Buffett said being far from Wall Street actually helped him.”It’s very easy to think clearly here. You’re undisturbed by irrelevant factors and the noise generally of business investments…If you can’t think clearly in Omaha, you’re not going to think clearly anyplace.”

I’ve worked with several rich and famous technologists, and I always wonder if their prior success helps or hinders their future efforts. I think it’s a bit of each, but no matter how rich you are, there’s one thing you can’t buy–the groundedness and perspective of life outside the bubble.