Feb 11, 2008

Warren Buffet : Celebrity / Legend / Saga ?

K
eep checking out this space for more on the "Sage of Omaha", insider interviews, facts & never-before read quotes of the "Oracle of Omaha" , second richest man in the world & the largest shareholder and CEO of Berkshire Hathaway with an estimated current net worth of around US $56.9 billion .


There was a one hour interview on
CNBC with Warren Buffet, the man who has donated $31 billion to charity. Here are some very interesting aspects of his life:


1. He bought his first share at the age of 11 and he 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 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.

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 share holder's money.

Rule number 2: Do not forget rule number 1.

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.

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.

9. Warren Buffet does not carry a cell phone, nor has a computer on his desk.

10. A noted philanthropist, in 2006, he announced a plan to give away his fortune to charity, with 83% of it going to the Bill and Melinda Gates Foundation. The donation will amount to approximately US$30 billion, at the time of the announcement worth more than double the size of the foundation.


In 2007, Buffett was listed among Time's 100 Most Influential People in The World.

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 on brand name; 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, then why give others the chance to rule your life."





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