Monday, December 11, 2006

Interview with Warren Buffet

This was one of the best forwards I have ever received. Hopefully, for those of you who take the time to read through my blog, this post might throw some valuable insights into your own lives.
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 startedtoo 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,which he bought after he got married 50 years ago. He says that he haseverything he needs in that house. His house does not have a wall or afence.
4) He drives his own car everywhere and does not have a driver or securitypeople around him.
5) He never travels by private jet, although he owns the world's largestprivate jet company.
6) His company, Berkshire Hathaway, owns 63 companies. He writes only oneletter each year to the CEOs of these companies, giving them goals for theyear. 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 past time afterhe 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 5years 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 Gatesmet 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.

3 comments:

Anonymous said...

Very true! One of the interesting forwards I've received as well.

In fact, I read an article about him in The Hindu Chennai edition a few days ago.

Sowhatsup said...

Ya! Sowm, I know quite a few people like that! One person is my editing professor!

Anonymous said...

very inspiring. thanks for putting this up. personally liked #7 and #11 the best.