Warren Edward Buffett
The Second Richest Man in the world.
Some interesting and must read facts abt him.
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.
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.
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.
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. Remember money doesn’t create man but it is the man who Created money
- Live your life as simple as you are
- Don’t do what others say, just listen them , but do what you feel good.
- Don’t go on brand name , just wear those things in which u feel Comfortable
- Don’t waste your money on unnecessary things , just spend on them who Are really in need .
- After all it’s your life then why we give chance to others to rule our life .
Reference:
Warren Edward Buffett (b. August 30, 1930, Omaha, Nebraska) is an American investor, businessman and philanthropist.
Nicknamed the “Oracle of Omaha” or the “Sage of Omaha”, Buffett has Amassed an enormous fortune from astute investments, particularly through the company Berkshire Hathaway, of which he is the largest shareholder and CEO. With an estimated current net worth of around US$46 billion, he is ranked by Forbes as the second-richest person in the world, behind only Microsoft chairman Bill Gates.
In June 2006, he made a commitment to give away his fortune to charity, with 85% of it going to the Bill and Melinda Gates Foundation .
Buffett’s donation was the largest act of charitable giving in United States history.
Despite his immense wealth, Buffett is famous for his unpretentious and frugal lifestyle. When he spent $6.7 million of Berkshire’s funds on a corporate jet in 1989, he jokingly named it “The Indefensible” because of his past criticisms of such purchases by other CEOs . He continues to live in the same house in the central Dundee neighborhood of Omaha Nebraska that he bought in 1958 for $31,500 (although he also owns a mansion in Laguna Beach, California).
His annual salary of $100,000 is tiny by the standards of senior Executeve remuneration in other S&P 500 companies, which averaged about $9 million in 2003. Recently, in an interview with CNBC TV on October 25, 2006, he revealed that his salary is tied to the price of Berkshire Hathaway Class A stocks, joking that this was part of the reason why he chose to never split the stock.
http://en.wikipedia.org/wiki/Warren_Buffet
