Warren Buffet – Worlds Richest Person

Warren Buffett

This is from a mail I got form someone, felt like sharing it here. Some interesting facts about Warren Buffet who feels buying stocks at age 11 was late for him. Warren Buffet is the Legendary Investor who has donated $31 billion to charity. Here are some very interesting aspects of his life:

  • He bought his first share at age 11 and he now regrets that he started too late!
  • He bought a small farm at age 14 with savings from delivering newspapers.
  • 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.
  • He drives his own car everywhere and does not have a driver or security people around him.
  • He never travels by private jet, although he owns the world's largest private jet company.
  • 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.
  • 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.
  • 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.
  • Warren Buffet 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 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."

And I love this quote from him.
"I don't have a problem with guilt about money. The way I see it is that my money represents an enormous number of claim checks on society. It's like I have these little pieces of paper that I can turn into consumption. If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GNP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing. I don't do that though. I don't use very many of those claim checks. There's nothing material I want very much. And I'm going to give virtually all of those claim checks to charity when my wife and I die."
– (Lowe 1997:165–166)

Ref: http://en.wikipedia.org/wiki/Warren_Buffett

One thought on “Warren Buffet – Worlds Richest Person”

  1. WARREN BUFFET IS THE MAN WHO DESERVE TO B THE WORLDS RICHEST MAN
    HE IS TRUE GENTLEMAN IN THE REAL SCENCE.HIS THOUGHTS,IDEAS,SAYINGS ARE MARVELLOUS AND SHOULD BE FOLLOWED BY EVERY HUMANS TO REACH THAT HEIGHT IN WHAT EVER THINGS MAY BE……

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