Who is Warren Buffett? Key things to know about the business icon

Buffett preaches an honest, straightforward approach to business based on trust. He also emphasizes a long-term, ownership mentality among Berkshire's subsidiary CEOs and directors.

In 2006, Buffett embraced philanthropy by signing the Giving Pledge, a commitment to donate the majority of his wealth to good causes. He plans to give away more than 99% of his fortune, and hasBeyond his investing prowess, business interests, and charitable giving, Buffett is known for his. The billionaire eats McDonald's for breakfast, guzzles five cans of Coke daily, and subsists on hamburgers, hot dogs, cookies, ice cream, and other indulgent foods.

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