Friday, August 31, 2007

Aspects of the second richest man in the world.

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! I'd think the same since i will have more if i knew i'd hit the jack pot.

2.He bought a small farm at age 14 with savings from delivering newspapers. how much was the housing? delivering newspaper?

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. but i bet he owns the entire block or half the mid-town.

4.He drives his own car everywhere and does not have a driver or security people around him. good chance.....let's go....opps did i said it out loud???

5.He never travels by private jet, although he owns the world's largest private jet company. why weast money on that?first class good enough.

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. um.....rule #3.....especially do not lose mine.

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. sounds......nerdy. and i am not talk about jen and mayumi. they are cool kids.

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. wow........talktive nerds. and again not jen and mayumi.

9.Warren Buffet does not carry a cell phone,nor has a computer on his desk. how can he commnicate with others? send them the birds that carries letter. i guess when u are that rich u don't need to talk to others anymore.
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 the man who created money.
B.Live your life as simple as you are.
C.Don't do what others say, just listen them, but do what you feel good.
D.Don't go on brand name; just wear those things in which u feel comfortable.
E.Don't waste your money on unnecessary things; just spend on them who really in need rather.
F.After all it's your life then why give chance to others to rule our life.
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I guess i will never be Warren Buffet but i am happey with who i am.
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However little bit more money won't hurt.

3 comments:

Mrs. Worm said...

Nah.... I think you will always want more and more money. And even after you've filled up your very own parking lot with exotic cars, you'll still wonder what else you can buy.

But then we need two parking lots: one for you, and one for me!

Unknown said...

"talkative nerd" - definitely not me. ^-^

Mrs. Worm said...

^O^~~~