Thursday 8 May 2008

All Hail Warren Buffet!

After the mandatory praise, let us move on to some interesting facts about this great or not so great (depends on what you think of him) man. I thought this may be interesting to some of you. I do not think it is wise for you to drop some of these facts in your interviews! But do so if you think its appropriate.

Here are some very interesting aspects of his life:

1. Warren bought his first share at age 11 and he now regrets that he started too late!

2. He bought a small farm at the 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.

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. Warren Buffet has given his CEOs 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.

This article can be found on so many different sites, just shows his popularity. I boldened number 11 on purpose.

UPDATE: I would watch at least the first 20minutes (you can skip the first 5mins - he is not speaking then!), very intelligent man.

2 comments:

Anonymous said...

Very interesting. Now I think I'll buy Benjamin Graham's The Intelligent Investor.

Is it possible to download this video?

Free Your Mind said...

Hi Noor,

Find the link (complete url) of this video from google and put it through this site: http://keepvid.com/

Quality, is very bad though.