Interview With Warren Buffet
I received an email regarding Warren Buffet, i found it was really meaningful & informative so i decided to share it here, for those who are not familiar with this name, here are some quick info…Buffett has amassed an enormous fortune from astute investments, particularly through the company Berkshire Hathaway, of which he is the largest shareholder and CEO. With an estimated current net worth of around US$52 billion, he was ranked by Forbes as the third-richest person in the world as of April 2007, behind telecom businessman Carlos Slim Helú.
Ok, here are the contents of the email…
A very meaningful summary from Warren Buffet interview?
There was a one hour interview on CNBC with Warren Buffet, 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 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 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.
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.
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.
What i like the most is item no. 6…if everyone can apply this rules, can you imagine how strong Malaysia will be?
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