Tuesday, March 4, 2008

This Rocks. Read it.

My kind of guy !

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Warren Buffet has donated $31 billion to charity.

Here are some interesting aspects of his life.


There was a one hour interview on CNBC with Warren Buffet, the world's second richest man. Here are some interesting aspects of his life:


1. He bought his first share of stock at age 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 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 CEO's only two rules. Rule number 1: Do not lose
any of your shareholder's 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 Buffet. 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 Buffet.
9. Warren Buffet does not carry a cell phone, nor have 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 the man, but it is the man who created money.
B. Live your life as simply 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 names . Wear those things in which you feel comfortable.
E. Don't waste your money on unnecessary things. Spend on those who really are in need.
F. After all, it's your life. Why give others the chance to rule your life?'

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