LOS ANGELES — Although Warren Buffet does have — I reluctantly admit — more money than I do (like maybe $50 or so billion more?), we do share a pair of common traits. The first is that this internationally famous investment banker (known as the "Sage of Omaha") tends to favor cautious, carefully considered kinds of investments. So do I.
But my caution is more like investment laziness: I prefer not to have to worry about what my money is doing when I am trying awfully hard to do a decent job as a professor, a columnist, a husband and a book writer.
Sure, if I had absolutely nothing better to do with my time than to worry about money 24 hours a day, seven days a week, I might be a lot less lazy about how I invest what little I have — and then I might have a lot more to invest, right? Or — with the way the markets have been misbehaving lately — I might just as well wind up with less, a lot less.