Benzinga brings forward resolutions for 2013 that have sustained and magnified Warren Buffett’s wealth over the years, especially in light of his Berkshire Hathaway (NYSE:BRKA) stock having gained 1700 percent since 1990, much better than the 290 percent gain of the S&P 500 over the same period. Not attracted by the latest fad, Buffett is more drawn by a steady track record and balance sheet. Based on interviews and buying habits of the Oracle of Omaha, he compares a firm’s debt-to-equity ratio, noting the lower the debt on a company’s balance sheet the more fiscally responsible management is apt to be. If interest rates are higher than investment returns, by all means avoid taking on debt, and invest in companies with little or no debt. Known for being incredibly thrifty, and having lived in the same house he purchased for $31,500 in 1958, MHProNews has learned that he once said his family eats Christmas dinners at McDonalds, and that he prefers hamburgers to more exotic fare. Berkshire Hathaway owns Clayton Homes, the largest producer of manufactured homes in North America.
