Buffett famously operates within his “circle of competence,” meaning he doesn’t risk his money on assets he can’t get his head around.
When the “Predator” and “The Terminator” star campaigned for California governor in 2003, he secured the billionaire investor and Berkshire Hathaway CEO’s services as his senior financial and economic advisor.
The Hollywood actor praised Buffett as “the greatest investor ever, my mentor, and my hero” when he joined the gubernatorial campaign.
Buffett was also one of Schwarzenegger’s advisors when he hosted “The New Celebrity Apprentice” in 2016.