Warren Buffet, the second richest man ............ just read useful to you

August 5, 2009 10:46am CST
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.
1 person likes this
3 responses
@ShellyB (5244)
• United States
5 Aug 09
This is a successful life story in many ways including his marriage, I believe that yes, he wants to live in the same house but I do not believe he is staying there because he is the only want to think that way, his wife believes more or less along those lines, so if she was opposing him, you better believe it one of them would be in a bigger house. lol. I find the man interesting, I wonder why he does not carry a cell phone, I imagine it has to do with privacy. Thanks for sharing.
@goldeneagle (6775)
• United States
5 Aug 09
I like # 11. That is very good advice. I am experiencing first-hand how hard it is to get out of credit card debt. I have cut up all my card except one. I will not get any more after I get these paid off. Credit cards should be outlawed if you really want to know my opinion of them.
• India
5 Aug 09
What a great man. This man must be an visionary. But Sunil dont you think that our very own Dhirubhai Ambani is also a great man. At least Warren Buffet was operating in a Captalistic country, but Dhirubhai made his first million when India was practicing Socialism. Dhirubhai was the first man to share his wealth with all his Share holders, and as you were aware that half of India and the major English Newspaper were against him. In spite of all these things he succeded.