Warren Buffett: World's leading investor Warren Buffett is in the news for his investment strategy as well as a unique habit. According to a report, 96 year old Buffett has not been drinking plain water for the last 48 years. Instead, he prefers to drink Coca-Cola to quench his thirst. This was revealed during a podcast. According to the information, once Buffett was offered plain or soda water at dinner, but he refused to take it.
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Buffett's daughter Suzy Buffett also mentioned this habit of his in a documentary. According to the report, Buffett drinks about five cans of Coca-Cola daily and he is especially fond of Cherry Coke. He jokes that his body is made up of one-quarter Coca-Cola.
Investment relationship with Coca-Cola
Buffett previously drank Pepsi, but his preference changed after receiving a sample of Cherry Coke from a neighbor in 1985. In 1986 he declared Coca-Cola the official drink of Berkshire Hathaway meetings. Two years later, in 1988, Berkshire Hathaway made a major investment in Coca-Cola. About $1.3 billion was spent to buy about 400 million shares of the company.
Big income comes from dividends
Berkshire Hathaway also receives regular dividends from its investment in Coca-Cola. According to the report, on the basis of 40 crore shares of the company, Berkshire is getting annual dividend of about $ 848 million i.e. about Rs 7,100 crore.
This story of Buffett also brings out his investing philosophy—investing money in businesses that you understand well. However, his personal habit is to drink Coca-Cola instead of water; It should not be considered a good option for health. Drinking enough water is important for the body.