Recently there was a one hour interview on CNBC
with Warren Buffet, the second richest man who has donated $ 31
billion to charity. Here are some very interesting
aspects of his life:
1. He bought his first share at age 11 and he
now regrets that he started too late!
2. He bought a small farm at age 14 with
savings from delivering newspapers.
3. He still lives in the same small 3-bedroom
house in mid-town Omaha , that he bought after he got married
50 years ago. He says that he has everything he
needs in that house. His house does not have a wall or a fence.
4. He drives his own car everywhere and does
not have a driver or security people around him.
5. He never travels by private jet, although
he owns the world's largest private jet company.
6. His company, Berkshire Hathaway, owns 63
companies.
He writes only one letter each year to the CEOs
of these companies, giving them goals for the year.
He never holds meetings or calls them on a regular basis.
He has given his CEO's only two rules. Rule
number 1: do not lose any of your share holder's money. Rule
number 2: Do not forget rule number 1.
7. He does not socialize with the high society
crowd. His past time after he gets home is to make himself some
pop corn and watch Television.
8. Bill Gates, the world's richest man met him
for the first time only 5 years ago. Bill Gates did not think
he had anything in common with Warren Buffet. So he had
scheduled his meeting only for half hour. But when Gates met
him, the meeting lasted for ten hours and Bill Gates became a
devotee of Warren Buffet.
9. Warren Buffet does not carry a cell phone,
nor has he got a computer on his desk. His advice
to young people: "Stay away from credit cards and invest in
yourself and Remember: A. Money doesn't create man
but it is man who created money. B. Live your life as simply
as you can. C. Don't do what others say, just
listen to them , but do what you feel good.
D. Don't go on brand names; just wear those
things in which u feel comfortable. E. Don't waste
your money on unnecessary things ; rather, just spend on them
who are really in need.
F. After all it's your life, why give a chance
to others to rule our life."
Sent in by a reader