Interview of Warren Buffett
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 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 midtown 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. He has given his CEOs only two rules. Rule number 1: do not lose any of your shareholders' money. Rule number 2: Do not forget rule number 1.
7. He does not socialize with the high society crowd. His pastime after he gets home is to make himself some popcorn and watch Television.
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 Buffett. So he had scheduled his meeting only for half an hour. But when Gates met him, the meeting lasted for ten hours, and Bill Gates became a devotee of Warren Buffett.
9. Warren Buffett does not carry a cell phone, nor has a computer on his desk.
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 to them, but do what makes you feel good.
D. Don't go by brand names; just wear those things in which you feel comfortable.
E. Don't waste your money on unnecessary things; just spend on things that you really need.
F. After all, it's your life, so why give others the chance to rule your life."
From India, Bangalore
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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 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 midtown 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. He has given his CEOs only two rules. Rule number 1: do not lose any of your shareholders' money. Rule number 2: Do not forget rule number 1.
7. He does not socialize with the high society crowd. His pastime after he gets home is to make himself some popcorn and watch Television.
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 Buffett. So he had scheduled his meeting only for half an hour. But when Gates met him, the meeting lasted for ten hours, and Bill Gates became a devotee of Warren Buffett.
9. Warren Buffett does not carry a cell phone, nor has a computer on his desk.
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 to them, but do what makes you feel good.
D. Don't go by brand names; just wear those things in which you feel comfortable.
E. Don't waste your money on unnecessary things; just spend on things that you really need.
F. After all, it's your life, so why give others the chance to rule your life."
From India, Bangalore
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Dear Friends,
I think we must draw certain lessons from this great story:
1. Simple living - don't spend on items you genuinely don't require, avoid consumerism, indirectly suggesting to control inflation.
2. Corporate social responsibility and ethical behavior.
3. Many lessons for our corporate wizards.
Great story indeed.
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2I think we must draw certain lessons from this great story:
1. Simple living - don't spend on items you genuinely don't require, avoid consumerism, indirectly suggesting to control inflation.
2. Corporate social responsibility and ethical behavior.
3. Many lessons for our corporate wizards.
Great story indeed.
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Hi,
Here are some interesting and curious facts about Warren Buffett. Thank you for showcasing the real life of the billionaire investor. Please continue to post these kinds of new issues.
Regards,
Keshav Pai
Email: keshavpai.m@gmail.com
From India, Mangaluru
Acknowledge(0)Amend(0)
Here are some interesting and curious facts about Warren Buffett. Thank you for showcasing the real life of the billionaire investor. Please continue to post these kinds of new issues.
Regards,
Keshav Pai
Email: keshavpai.m@gmail.com
From India, Mangaluru
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