--- description: It's about having filters title: How Warren Buffett Keeps Up With Information image: https://static.time.com/v3/assets/bltea6093859af6183b/blt86331fa954d286b5/698854483c1639d7b4458577/472140924-copy.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 ---  * [Ideas](/section/ideas/) ## Ideas Update your preferences in [Account Settings](/account/preferences/) Close * [Psychology](/tag/psychology/) ## Psychology Update your preferences in [Account Settings](/account/preferences/) Close # How Warren Buffett Keeps Up With Information by [Shane Parrish](/author/shane-parrish/) ## Shane Parrish Update your preferences in [Account Settings](/account/preferences/) Close Jun 26, 2015 11:00 AM CUT  Warren Buffett in an interview on May 4, 2015. Warren Buffett in an interview on May 4, 2015.Lacy O'Toole—CNBC/NBCU Photo Bank via Getty Images by [Shane Parrish](/author/shane-parrish/) ## Shane Parrish Update your preferences in [Account Settings](/account/preferences/) Close Jun 26, 2015 11:00 AM CUT A telling excerpt from an interview of Warren Buffett (below) on [the value of reading](http://www.farnamstreetblog.com/2013/05/the-buffett-formula-how-to-get-smarter/ "undefined"). Seems like he’s taking the opposite [approach to Nassim Taleb](http://www.farnamstreetblog.com/2012/05/noise-and-signal-nassim-taleb/ "undefined") in some ways. --- > “” --- ### See How Tech CEOs Spend Their Money  Steve Jobs The Apple CEO's super yacht Venus was designed by Philippe Starck's design company Ubik. Jobs spent approximately $131 million on it but passed away in 2011 before it was completed. Ed Oudenaarden—AFP/Getty Images  Steve Ballmer In 2014, former Microsoft CEO Steve Balmer spent $2 billion to become the owner of the NBA's Los Angeles Clippers. Jeff Gross—Getty Images  Larry Ellison Outgoing Oracle CEO Larry Ellison owns 98% of the 141-square-mile Hawaiian island of Lanai, which he bought for an undisclosed price. He is turning it into a "model for sustainable enterprise," he's said, though details remain sketchy. NASA/Reuters  Larry Page and Sergey Brin Google CEO Larry Page and co-founder Sergey Brin have been attending the Burning Man Arts Festival since the company's early days. There they fund a "theme camp" and how exactly the funds are used is left up to participants' imaginations. Jim Urquhart—Reuters  Bill Gates The former Microsoft CEO is currently the richest man in the world, according to Bloomberg. Since 2000, Gates and his wife have been running the Bill and Melinda Gates Foundation. In total it has issued grants adding up to over $30 billion. Pius Utomi Ekpei—AFP/Getty Images  Elon Musk PayPal Co-Founder Elon Musk (in driver's seat) began as a Series A investor in 2004 and is now the CEO and chief product architect of Tesla Motors. The company created the first mass-produced, highway-capable electric car and is valued at over $18 billion. Robyn Beck—AFP/Getty Images  Richard Branson Founder of Virgin Group, comprised of more than 400 companies, Branson has invested heavily in spaceship tourism with the SpaceShipTwo vehicle . David Paul Morris—Bloomberg/Getty Images  Mark Zuckerberg To ensure his privacy, Facebook CEO Mark Zuckerberg bought four of his neighboring houses in 2013 for an estimated $30 million-plus in Palo Alto, California. Noah Berger—Bloomberg/Getty Images **_This piece originally appeared on_** [**_Farnam Street_**](http://www.farnamstreetblog.com/ "undefined")**_._** **Join over 50,000 readers and get a free weekly update via email** [**here**](http://www.farnamstreetblog.com/newsletter/ "undefined")**.** ```json [{"@context":"https://schema.org","@type":"OpinionNewsArticle","@id":"https://time.com/3919319/warren-buffett-information-filter/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/3919319/warren-buffett-information-filter/"},"headline":"How Warren Buffett Keeps Up With Information","datePublished":"2015-06-26T11:00:09.000Z","dateModified":"2026-05-11T04:49:36.689Z","description":"It's about having filters","url":"https://time.com/3919319/warren-buffett-information-filter/","keywords":["Psychology","Books","reading","Warren Buffett","advice"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt86331fa954d286b5/698854483c1639d7b4458577/472140924-copy.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Shane Parrish","jobTitle":"","url":"https://time.com/author/shane-parrish/"}],"articleSection":"Ideas","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt86331fa954d286b5/698854483c1639d7b4458577/472140924-copy.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Warren Buffett in an interview on May 4, 2015.","caption":"Warren Buffett in an interview on May 4, 2015.","creditText":"Lacy O'Toole—CNBC/NBCU Photo Bank via Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/ideas/","name":"Ideas"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/psychology/","name":"Psychology"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/3919319/warren-buffett-information-filter/","name":"How Warren Buffett Keeps Up With Information"}}]}] ```