Lessons from Warren Buffet

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."

-o0o-