He may also own many houses elsewhere, different cars, real estate and such too elsewhere. In addition, he could also own a private jet, yacht and other things that only the rich can afford. Thus, I strongly doubt a guy like Mr. Buffett only own that house and nothing else. I'm not suggesting he's hiding anything. Instead, I'm suggesting that just because a rich guy lives in the same house he purchased many decades ago doesn't imply he's not purchasing elsewhere. My best friend bought a fixer upper about 20 years ago when she graduated from college...very middle class home. She still lives in it. Yet, she also owns a condo at Whistler and another condo at Vale...now considering buying another home down in Mexico (she likes to vacation down there with her kids). In addition, when she travels around the world...top luxury hotels where the rich go. Further, she goes to those political fund raisers where she donates 30 - 50k like it was pocket change. Her car ? She bought it used and not worth more than 30k...an old Mercedes wagon from the 90s although she does get a different car every 5 years. Yet, she's a jean type of a woman that lives in a middle class home. It just seems like there are different types of rich people that spend their money in ways we can't see or notice unless we personally know them. Some put a lot of their income in those mansion like homes that most of us are use to seeing in some popular homestyle magazine and they do not own much of anything else. Others may just live in some exclusive type of neighborhood in a house that doesn't represent their income level but they surely do own other assets spread across their country or the world. All of them have some kind'uv maid, butler or kitchen help that are well paid.
I was wrong, he sold his beach house in 2005, not 2006: https://www.thestreet.com/story/14309578/1/warren-buffett.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo "Buffett did own a vacation home in Laguna Beach, California, but sold the four-bedroom, four-bath house on a private cul-de-sac for $5.45 million in 2005."
I always liked guys like Mark Cuban and Paul Allen, once they got rich they did things and projects that were close to their hearts. They could still make money in the process, but if it was a loss, so be it, they liked the idea, like owning a team or founding a museum. That is what life is all about... But here is the thing: If these traders made it and are not using the money (like Sarao), they are addicts to the market/trading and making that much money was really just wasted on them. Unless someone is really reckless, if you make it to the 10s of millions in trading profits, one should switch to investing and keep only a small part of the wins in the trading account. Hell, even Sarao was trying to invest his money...
I am happy that you have shepherds to guide you with interesting and useful links, but I was quite explicit that it's trading value that we're talking about. We're on a trading subforum afterall. Does being a billionaire mean your tweets are akin to holy relics that can do miracles for the followers? Dalio's new book looks quite useless for trading alone anyway.
If you think Dalio's new book explaining his ideas on life, money and trading/investing "looks" worthless, I am sure it would be to you. Actually having read the book, I will note that it chronicles his trading/investing career and I am glad I read it. Some of the book directly deals with how to make better decisions in life and in making money in financal markets. I will further note that Ray, starting with nothing, after working hard and smart, runs (and founded) what is now the worlds largest hedge fund and his personal wealth is worth very roughly 15 billion. Ray certainly knows a lot about trading, investing, being arrogant, losing, blowing up, learning to win, keeping the money and living a rewarding life. Principles is an effort by Ray to share some of the things he has learned about successfully living life and making money. The book has great reviews and I highly recommend traders take a peak at the book summary and reviews on Amazon and then decide if it is for them. Few people learn everything on their own and Bill Gates acknowledges learning valuable things from Ray, even though they are not directly in the same line of work. Major policy makers, large traders and those high up in finance have sought Ray's council for decades. Look... I wish you the best in your trading and of course we must all make our own choices on how we spend our time. Thank you for sharing your views.