The legendary investor recently opened up about several defining aspects of his life and philosophy. His approach to parenting emphasizes teaching financial discipline and independence rather than wealth accumulation. Beyond the markets, he's known for his unconventional hobby—horse racing betting—which he views as a pursuit requiring similar analytical skills to investing: probability assessment, risk management, and disciplined decision-making. Perhaps most notably, he's made a deliberate choice to step back from political commentary in recent years. After decades of weighing in on policy matters, he's shifted focus toward his core expertise: long-term wealth creation and capital allocation. This evolution reflects a broader maturity in how influential figures approach public discourse—recognizing the limits of their influence outside their domain of mastery. For investors, his emphasis on staying within one's circle of competence and avoiding the noise of political cycles offers a timeless lesson in maintaining investment discipline.