The father and son, both successful entrepreneurs, made the pilgrimage together to the US city of Omaha to bask in the wisdom of billionaire Warren Buffett, whose simple approach to investing -- and whose mistrust of Wall Street -- they share.
Both Paul Singh, who is 68, and son Jay Phoenix Singh, 32, built successful businesses that they were then able to sell for premium prices, making both men multi-millionaires.
Despite their difference in age, the Singhs -- one a Baby Boomer, the other a millennial, both from Fairfax, Virginia -- share a long-time devotion to the words of Warren Buffett, 88, owner of the third-largest fortune in the world.
"Warren Buffett is the quintessential American dream of coming from very little and being able to really make a name for yourself," said Jay Phoenix, standing before the relatively modest home of the American billionaire, just a few minutes from the center of Omaha in the heartland state of Nebraska.
They were drawn here by the annual shareholders meeting of Buffett's Berkshire Hathaway holding company, which gives them, and others like them, a chance to soak up the market-moving wisdom of the "Oracle of Omaha." The Singhs are big admirers of Buffett's taste for discretion and his simple but shrewd approach to investment.
"You buy only things that are useful," said Paul. "Money doesn't mean that you have to show off and buy cars with a big torque (or) houses that you don't need." Paul follows that advice in his own life: he sports no bling or other showy external signs of wealth.
"I am still driving my 2004 Honda... and I live with my parents," said Jay Phoenix, before adding, "but as Warren says, what matters is your long-term vision, your long-term plan."
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