Saturday, May 5, 2007

Why Mr. Warren Buffet is the Second Richest Man in the World !!!


                        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.


                        7) 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.


                        8)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.


                        9) 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.


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


                        11)His advice to young people: Stay away from credit cards and invest in
                        yourself.


                        Amazing individual indeed  

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