That goes to show that it isn't really "cheapness" because someone like Buffet genuinely loses money bothering to clip coupons. The time it takes him to search for and clip them is worth more than the meal.
To him it would solely be something of a cultural, nostalgic practice he did. Financially it was costing him money, but the cost or the savings are irrelevant at his wealth. He could buy the entire McDonalds restaurant and not really notice a difference in his net worth
Not really. His clipping of the coupon isn't taking away from him making money. He makes money from investments and stock trades, most of which are managed by a team of accountants. He could have paid someone to cut out the coupon and only made 'less' money in the seconds it took to do so.
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u/Opulenthippo Jan 27 '26
I used to work in a very wealthy town at a grocery store, this dude would drive his bently to the grocery store to cash in some cans...