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Warren Buffett says ‘accumulating great amounts of money’ doesn’t achieve greatness—He still lives in a $31,500 Nebraska home and clipped coupons

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Many entrepreneurs strive to one day add “millionaire,” or even “billionaire,” to their list of achievements. It’s become an industry-wide sign showing they’ve finally made it in business. But billionaire investing mogul Warren Buffett hit back at the notion that eye-watering net worths equate to excellence.

“Greatness does not come about through accumulating great amounts of money, great amounts of publicity or great power in government,” Buffett wrote in his final Berkshire Hathaway shareholder letter published this Monday. 

The 95-year-old “Oracle of Ohama,” known as one of the most successful investors of all time, is the 11th richest person in the world, boasting a fortune of $150 billion. But that doesn’t mean he’s splurging on mansions and driving luxury cars off the lot. He’s been thrifty throughout his seven-decade professional career, despite adding billions to his name. 

Known for eating at McDonald’s, driving a beat-up old car, and living in his modest Nebraska home, it’s clear his bank account hasn’t changed his ways. Instead of feeling powerful by lavishing in the spoils of his riches, Buffett finds true value and greatness in non-material pursuits. 

“When you help someone in any of thousands of ways, you help the world,” Buffett continued. “Kindness is costless but also priceless. Whether you are religious or not, it’s hard to beat The Golden Rule as a guide to behavior…Keep in mind that the cleaning lady is as much a human being as the Chairman.”

Buffett’s thrifty lifestyle: clipping McDonald’s coupons and living in a $31,500 house

Buffett’s golden rule is that everyone should be treated with kindness and respect, no matter if they’ve built a unicorn company, or are a junior-level worker. And he treats the world’s most powerful business leaders the same way, unwilling to shell out on fancy meals to impress them. 

The Berkshire Hathaway icon is known for stopping by McDonald’s for a cheap eat, choosing to order two sausage patties, an egg and cheese, or a bacon egg and cheese—all less than $4. He loves the fast-food chain so much he even took Bill Gates there for lunch years ago, instead of wining and dining him at a swanky restaurant. One time, the entrepreneurial pair were at a McDonald’s in Hong Kong, and Gates recalled laughing when Buffett offered to foot the measly bill, pulling coupons out of his pocket. But for the hedge-fund mogul, every penny counts.

The same money philosophy applies to Buffett’s major life purchases. The long-time CEO still lives in the same five bedroom, two-and-a-half bathroom Omaha home he bought for $31,500 back in 1958. The house would be worth around $1.3 million today—far more affordable than the luxurious pads Buffett can afford—yet he says he “wouldn’t trade it for anything.” Buffett’s true fondness for the home lies in the memories of raising his three kids on the property, not its market value.

Uber-rich people boasting net worths like Buffett may also be tempted to ball out on indulgences like expensive cars. But the investing magnate isn’t interested in getting behind the wheel of a Lamborghini or Aston Martin; he once drove a 20-year-old car because he felt it was safer than driving a speedy luxury alternative. And at one point, his license plate even read as “THRIFTY.” 

Whether it be mansions or sports cars, Buffett steers clear of making major purchases that reflect his bank account. In fact, he feels giving in could be counterproductive to his happiness. 

“I do not think that standard of living equates with cost of living beyond a certain point,” Buffett said at a Berkshire Hathaway shareholders meeting in 2014. “My life would not be happier…it’d be worse if I had six or eight houses or a whole bunch of different things I could have. It just doesn’t correlate.”



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Epstein files: Trump, Clinton, Summers, Gates not returning any results in search bar

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December 19, 2025

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The Justice Department released a massive trove of files related to the late sex trafficker Jeffrey Epstein on Friday, but the site housing the information was failing to turn up any results.

The data dump came on the deadline that Congress established last month for disclosing the highly anticipated information, though a top Justice official suggested that not all the documents would come out at once with more due in the coming weeks.

While President Donald Trump, former President Bill Clinton, former Treasury Secretary Larry Summers, Microsoft cofounder Bill Gates and scores of other powerful men have been linked to Epstein, their names failed to come up in a search of DOJ’s “Epstein Library.”

“No results found. Please try a different search,” the site says after queries for their names.

The site adds that “Due to technical limitations and the format of certain materials (e.g., handwritten text), portions of these documents may not be electronically searchable or may produce unreliable search results.”

However, Clinton also appears in photos that were released as does the late pop singer Michael Jackson. Other records were heavily redacted.

Deputy Attorney General Todd Blanche told Congress that the Justice Department had identified 1,200 victims of Epstein or their relatives and redacted materials that could reveal their identities, according to the New York Times.

Last month, an overwhelmingly bipartisan vote in Congress produced legislation to force the Trump administration to release the DOJ files, though emails and photos from Epstein’s estate had already come out.

One of the sponsors of that legislation, Rep. Ro Khanna, warned on Friday that if DOJ doesn’t show that it’s complying with the law, Congress could hold impeachment hearings for Attorney General Pam Bondi and Blanche.

Earlier on Friday, Blanche told Fox News that “several hundred thousand” pages would be released on Friday. “And then, over the next couple of weeks, I expect several hundred thousand more,” he added.

This story was originally featured on Fortune.com



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Want a job in AI-era tech? Forget prestigious degrees—tech leaders want to see your GitHub projects and internships

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December 19, 2025

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For decades, computer science has been sold as one of the surest paths to economic security. And leaders across politics and industry—from former President Bill Clinton and Secretary of State Marco Rubio to Steve Jobs and Bill Gates—have at times urged students not to overlook the field, framing coding skills as the secret to stable, high-paying jobs.

But as artificial intelligence rapidly reshapes the workplace, that promise is starting to look less certain.

A new survey of more than 200 engineering leaders, conducted by tech training nonprofit CodePath and shared exclusively with Fortune, shows entry-level tech hiring is slowing. More than one-third of respondents, 38%, said their company has reduced the number of entry-level hiring over the past year, and nearly 1 in 7 reported pausing Gen Z hiring altogether.

At the same time, 18% said hiring had stayed the same, and 8% reported an increase. Despite the overall slowdown, CodePath CEO Michael Ellison—a Y Combinator alum—argues telling people to avoid tech right now would be a mistake.

“That’s just kind of like taking crazy pills if you end up choosing not to invest in the tools that make you the most powerful—of telling computers what you want them to do in an age where computers are becoming exponentially more powerful,” Ellison told Fortune. “So to me, it’s like saying, ‘don’t learn how to use the internet.’”

Ellison’s argument reflects a broader shift in how computer science fits into the AI economy. As generative AI tools become more capable, understanding how software works—and how to direct, customize, and integrate AI systems—is increasingly seen as a foundational skill rather than a specialized one.

That demand is already showing up in the labor market. AI literacy topped LinkedIn’s list of the skills professionals are prioritizing and companies are hiring for right now. And a Lightcast analysis of more than 1.3 billion job postings in 2024 found roles advertising at least one AI or generative AI skill offered an average of $18,000 more in annual compensation that those that did not.

Notably, the majority of those roles were outside the tech sector. Some 51% of jobs requiring AI skills were in non-tech industries, up from 44% in 2022—a sign coding and AI fluency are becoming relevant far beyond Silicon Valley.

The new secret to landing a tech job

Still, slowing hiring doesn’t mean aspiring technologists should give up. Instead, the CodePath data suggests candidates may need to rethink what they emphasize—and what they leave off—when applying for tech roles.

When asked which signals matter most outside the interview process, engineering leaders indicated proof of real-world skills matter far more than formal credentials. Side projects or portfolios topped the list, cited by 38% of respondents, followed by internship experience (35%), and public code portfolios like GitHub (34%).

Traditional markers of achievement, by contrast, carried far less weight. Just 4% of leaders said credentialing programs were a top influence in hiring decisions, while only 23% cited a candidate degree or academic focus and 17% pointed to school prestige.

The shift away from pedigree suggests employers are seeking evidence candidates can actually do the work. Greater fluency with AI tools and frameworks was the most common skill expectation for early-career hires, followed by faster time to writing production-ready code and the ability to learn new tools or programming languages quickly.

And despite buzz about tech layoffs, job opportunities do still exist. The U.S. federal government, for example, recently announced it would be hiring about 1,000 new engineers, data scientists, and AI specialists. No degrees or work experience is required—and salaries will range from $150,000 to $200,000. Meta has also still been hiring young talent in recent weeks, with job postings for roles such as product software engineers.

Ellison’s advice for those seeking roles is simple: Opportunities are out there as long as you are willing to dig in deeper—and build a portfolio that hiring managers are looking for.

“People are rewarded for being aggressive and for going after what they want,” he said. It’s surprising the opportunities that are hidden in plain sight.”

This story was originally featured on Fortune.com



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December 19, 2025

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You’re not imagining it: The AI job squeeze isn’t some future apocalypse, it’s already quietly underway. 

Professor Yoshua Bengio spent four decades building the technology that is now coming for your job. He is a computer science professor at the Université de Montréal, a Turing Award winner, and one of the most-cited scientists in the world on Google Scholar—and now he’s turned his back on his life’s work to warn that your job is probably already under threat. 

Desk jobs, or as Bengio called them, “cognitive jobs, the jobs that you can do behind a keyboard,” will be the first casualties of automation. 

“It’s just a matter of time,” the AI pioneer stressed on Steven Bartlett’s Diary of a CEO podcast.

“Unless we hit a wall scientifically, like some obstacle prevents us from making progress to make AIs smarter and smarter, there’s going to be a time when they’ll be doing more and more, able to do more and more of the work that people do … And then, of course, it takes years for companies to really integrate that into their workflows, but they’re eager to do it. So it’s more a matter of time than, is it happening or not?”

And he admitted that it’s Gen Z new-hires who are currently being hit hardest by AI, as junior roles are the easiest to cut, consolidate, or backfill with software—but eventually everyone’s jobs will be impacted within five years.

It’s not just office jobs that are at risk; even trade jobs and democracy itself are threatened 

For years, degrees were pushed as the key to success for the young and aspirational looking to nab well-paying and stable jobs. But now, even highly educated students are finding themselves “unemployable” as employers launch a “wait-and-watch strategy” in the midst of AI. Graduates in the U.K. are facing the worst job market since 2018. And companies like Intel, IBM, and Google have been freezing thousands of would-be new roles that AI is expected to take over in the next five years.

But it’s not just a blip or a reflection of the current economy, Bengio warned. As more firms lean on AI and eventually robots, too, the technology will only get smarter, he said. 

“As companies are deploying more and more robots, they will be collecting more and more data. So eventually, it’s going to happen,” Bengio said when asked whether AI will be able to wipe out all work. Even young people trying to outsmart automation by ditching degrees or upskilling into trade jobs are destined for the same dead end.

“So if you do a physical job—as Geoffrey Hinton is often saying, you should be a plumber or something—it’s going to take more time [for AI to replace your job], but I think it’s only a temporary thing.” 

Now, knowing the devastation AI could cause, Bengio said he regrets his life’s work. 

“I should have seen this coming much earlier, but I didn’t pay much attention to the potentially catastrophic risks,” the 61-year-old admitted. “But my turning point was when ChatGPT came, and also with my grandson, I realized that it wasn’t clear if he would have a life 20 years from now, because we’re starting to see AI systems that are resisting being shut down.”

He’s since founded LawZero, a nonprofit organization focused on building safe and human-aligned AI systems. But at the current rate of change, his warning is clear: It’s not just jobs, even democracy could collapse in as little as two decades.

His message for CEOs? “Step back from your work. Talk to each other, and let’s see if together, we can solve the problem. Because if we are stuck in this competition, we’re going to take huge risks that are not good for you, not good for your children.”

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.



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