Wednesday, August 22, 2007

Interesting Aspects of Warren Buffet's Life

In an one-hour interview with CNBC news, Warren Buffet, the 2nd richest man who had donated USD31 billion to charity has the following interesting aspects of his life to share:-

1. He bought his first share at the age of 11 and he now regrets that he started too late!! Mmmmmm let me think.... where was I when I was 11? still in my primary years struggling to learn English......interesting isn't it?

2. He bought a small farm at age 14 with savings from delivering newspapers.
Mmmmm again, it brings back memories of my twin sister and brother selling newspapers in PESTA... it brought tears to my eyes seeing them so timidly trying to earn a few cents.

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.
Hey... what do you think? If you were only half as rich or has a fraction of his wealth would you not shift in to a mini castle???

4. He drives his own car everywhere and does not have a driver or security people around him.
This sounds fine with me.... at least he appreciates privacy....keep a low profile.

5. He never travel by private jet, although he owns the world's largest private jet company.
Wow...thats not enjoying life .....

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 shareholders money
Rule number 2: do not forget rule number 1
Nice boss to have.......

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.
Here again, a simple lifestyle.... now you know why he is the 2nd richest man ...popcorn is cheap and watching television is the lowest cost of entertainment. Hey people, we should emulate....emulate....emulate

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.... the meeting lasted ten hours and Bill Gates became a devotee of Warren Buffet.
I suppose the only common thing they share is the amount of money they have!!!!

9. Warren Buffet does not carry a cell phone, nor has a computer on his desk.
Wow.... how did he survive that for so long, even a 6 years old these days carry a cell phone. And for computer... I wonder how can he live without blogging..........

His advice to young people:
"STAY AWAY FROM CREDIT CARDS AND INVEST IN YOURSELF
I second his advice

Moral of the story

Money does not create man, it is the man who created money
Live our life as simple as you are
Do not do what others say, just listen to them, but do what you feel is good
Do not go on brand name, just wear those things in which you feel comfortable
Do not waste your money on unnecessary things
Its your life, do not allow others to rule it!!!


2 comments:

lunaticgal said...

So far i like this post the most.. =)

5. He never travel by private jet, although he owns the world's largest private jet company.
Wow...thats not enjoying life .....

"just made me laugh,,,but maybe he scared of height?"

aliciaallyloh said...

Warren Buffet is just a simple man. You can see him sometimes on Bloomberg news... he makes comment on the share market. He is quite an old man but I think wise too.

But I don't understand him, being so rich and he is not enjoying his life..... what I waste.

I mean he does not have to waste money on unneccessary but at least he should indulge a bit lor.

Only watch tv with popcorns... omg... how boring can that be.