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Warren Buffett Doesn't Use a Smart Phone

In today's time, the debate over whether to use a basic phone (one that does not have the Internet) or a smartphone is an intense debatable topic which I will cover later in a separate article. The purpose of this article is only to show you that despite being able to buy everything, how one can limit oneself to use only those items that they actually need to live their life.

Most of us are familiar with the name Warren Buffett. He is referred to as the Oracle of Omaha. The reason behind this title is his legendary success as a stock market investor. He is treated as a conventional man in quite an unconventional way.
 


A few days ago, while reading an article on the Internet, I came across an amazing fact about him. He does not use an iPhone or any smartphone. I found this fact seriously amazing. I instantly felt the urge to share this article with the rest of the world. Moreover, he has no hesitation in saying that he still uses his old flip phone. In 2013, Buffett told CNN in an interview, as he proudly showed his Nokia flip phone, “This is the one Alexander Graham Bell gave me.”

 

He also said that he does not throw anything away until he has possessed it for 20 or 25 years. He proudly links this habit with his market wisdom- "Do not buy a stock if you are not willing to keep it for years."


In spite of being the world's second-richest man, he does not even use technology frequently. He is called a 'Luddite', one who has an irrational fear of new technology. But this is not the main reason. In reality, he is just a frugal and practical man who wants to live life on his own terms.

What can we learn from the life of Warren Buffett?

We can understand that technology does not make a man smart. It is the smart use of technology that makes a man smarter. 
 

Now the question arises—what does he do when the whole world is busy in passing their time on smartphones?

He actually spends 80% of his time reading. He credits most of his money decisions to his habit of reading voraciously. Someone once asked him the key to success, he pointed to a stack of books and said, "Read 500 pages like this every day."

He points out that, "After reading in an obsessive manner, you will understand how knowledge works." Reading more and more books adds value to your life as compound interest. He also mentioned concernedly that in spite of having ample benefits, most people will not follow his simple advice. Why is that?

Because in today's time people are more interested in killing their time on the Internet rather than reading a good book.

Alot of research done in this arena has proved that the one common trait found in nearly all successful business entrepreneurs is their habit of reading— everything from self-improvement books to autobiographies.

 

If you think that I am talking about only the big and successful people of the world, it is not so. I have personally met some great businessman and successful people with great intellect. I can clearly see the effect of reading good books on their personality, and they all have a collection of good books at their homes and offices.

Although in recent times, since the advent of the Internet, they have also started getting entangled in the world of the Internet. But the knowledge gained from books is still reflected in their personality even today.

It is a request to all of you that the next time you reach out to your smartphone to time pass, remember that it will only give you information, not learning. Instead of looking for entertainment every moment, try to keep yourself busy with rich activities in life like reading.