Warren Buffett

I got this as a email form one of my colleague. After reading this mail I fell that I should post this in my blog. This is a really interesting story which we can learn a lot.





There was a one hour interview on CNBC with Warren Buffett,

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 boundary 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.

7) 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.

8) He does not socialize with the high society crowd. His
pastime after he gets home is to make himself some pop corn
and watch television.

9) 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.

10) Warren Buffet does not carry a cell phone, nor has a
computer on his desk.

11) His advice to young people: Stay away from credit cards
and invest in yourself.