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Monday, July 09, 2007

Why I look upon Warren Buffet

Warren Buffet with an estimated current net worth of around US$52 billion, was ranked by Forbes as the third-richest person in the world as of April 2007, behind Bill Gates and Mexican businessman Carlos Slim HelĂș.

Buffett was listed among Time Magazine's 100 Most Influential People in The World and he has donated $31 billion to a charity.

Here are some interesting aspects of his life, and this is how a simple life can be lived.

1. He lives in the small 3-bedroom house (mid-town Omaha), that he bought 50 years ago.

2. He says that he has everything he needs in that house.

3. 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 Berkshire Hathaway, owns 63 companies.

7. He gave his CEOs 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 passes time after he gets home to make himself some pop corn and watch Television.

9. Bill Gates 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 he actually 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.

His advice to young people: "Stay away from credit cards and invest in yourself" and
this is what you can learn from him.

Money doesn't create man but it is the man who created money.

Live your life as simple as you are.

Don't do what others say, just listen them, but do what you feel good.

Don't go on brand name; just wear those things in which u feel comfortable.

Don't waste your money on unnecessary things; just spend on them, who really in need rather.

After all it's your life then why give chance to others to rule our life.

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  • At 2:21 PM, Blogger Gabriela said…

    I never knew about Warren Buffet. He seems like a very intelligent person. I think simple things are the best way to go, but I feel like I couldn't live that way. No computer? No cell phone? I don't think I could do that. LOL.

  • At 3:17 AM, Blogger ~Lalalaaand said…

    My brother used to talk about Warren Buffet and the title of your post caught my attention. Like you, my brother looks up to him. Thanks for sharing this! :)


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