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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.

Tuesday, November 25, 2008

Some Interesting Aspects About Warren Buffett's Life


1. He bought his first share at age 11 and now he regrets that he started too late!!!!

2. He bought a small farm at the age of 14 with savings from delivering news paper.

3. He still lives in the same small 3-bedroom house in Mid town Ohama, 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 fence.

4. he drives his 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 private jet company.

6. His Company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEO's of these companies, giving them goals for the year. He never hold meetings or call them on a regular basis.

7. He has given his CEO's only two rules:

  • Rule Number 1 Donot lose any of your shareholder's money.
  • Rule Number 2 Never forget Rule Number 1.

8. He doesnot socialize with high society crowd. His past time after he gets home is to make some pop corn and watch Television.

9. He doesnot carry cell phone nor has a computer on his desk.

10. Bill Gates, the world riches man met him only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffett. So he scheduled his meeting for only half an hour. But when Gates met him, the meeting lasted for 10 hours and Bill Gates became a devotee of warren Buffett.

11. His advice to Young People:

  • Stay away from Credit Cards and Bank Loans. Invest in yourself and remember:
  • Money doesn't create man but it is the man who created money.
  • Live your life as simple as possible.
  • Don't do what others say-listen to them, but do what you feel good doing.
  • Don't follow brand names, just wear those things in which you feel comfortable.
  • Don't waste your money on unnecessary things, rather spend on those things you really need.
  • After all its your life, so why allow others to rule your life.

THE HAPPIEST PEOPLE DONOT NECESSARILY HAVE THE 'BEST' THINGS, THEY SIMPLY APPRECIATE THE THINGS THEY HAVE.

1 comment:

JPM said...

He has travelled by private Jet...read Snowball his autobiography...