Finance

WARREN BUFFETT: Retirement is not my idea of living

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Warren Buffett
Berkshire Hathaway chairman Warren Buffett gestures at the start of a 5km race.   REUTERS/Rick Wilking

At 85, billionaire investor Warren Buffett, the chief executive of Berkshire Hathaway, still has no plans to retire. 

Speaking with Carol Loomis at Fortune's Most Powerful Women Summit on Tuesday, Buffett said it would be "crazy" for him to leave his job.

"If I quit today—I see these people. They spend a whole week planning their haircut. That is not my idea of living," he said. 

It doesn't matter if his muscles deteriorate and his stamina is gone, he said, because those things don't impact his ability to pick stocks and buy companies.

What's more, investing is what he loves. And with a net worth of more than $62 billion, he certainly doesn't have to do it. 

"I would rather do this than anything in the world. My Social Security check is coming every day. I don't need this."

Like the title of Loomis' book Tap Dancing To Work, Buffett said that's exactly how he feels when going to the office.

"I'm tap dancing to work every day. There's nothing more exciting than to get there. It doesn't get better than that." 

He also said that he gives students the same sort of advice.

"I tell the students when they come to see me....Take the job you would take if you didn't need a job...[You] want to be doing something you would do if you didn't need the money."

 

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Julia is formerly a senior reporter covering finance. She wrote for Business Insider from 2011 to 2016. She studied broadcast journalism at the University of North Carolina at Chapel Hill.While at UNC, she contributed to the award-winning student-run newscast "Carolina Week" as a reporter. She was a member of the university’s equestrian team competing in the Intercollegiate Horse Show Association. She is a member of the New York Junior League. She volunteers with Project Sunshine and is a mentor to an area high-school student via Futures & Options.Julia is a Half Ironman finisher and a New York City Marathon finisher. She was Miss New York United States 2014.