Friday, October 2, 2009

The simple legend

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Warren Buffet, the second richest man in the globe who has donated some $31 billion for charity. I think he is real legend in humanity too.

I wish to light on some interesting aspects on his life. You can read much more in between the lines…

He bought his first share at age 11 and he regrets now that he was too late! He remembers, things were very cheap at that time.

He bought a small farm at age of 14 with savings he accumulated from delivering news papers.

He still lives in the same small 3 bedroom house in mid town Omaha that he bought after he got married some 50 years ago. He says, he has everything he needs in that house as a human being. The house does not have a compound wall or fence.


He drives his car himself everywhere and does not have a driver or security people around him.

He never travels by private Jet. He owns the world’s largest private Jet Company.

His company, Berkshire Hathaway owns 63 firms. He writes only one letter to each of his CEOs in a year, specific to the goals for the year. He never holds meetings or calls them regularly.

He does not socialize much with high society people. He prefers to watch television in leisure.

Bill Gates, the richest (busiest too) man scheduled to meet him for half an hour, but the meeting lasted for some 10 hours.

Some of his advice to youngsters:-

Stay away from credit cards/Bank Loans.

Money doesn’t create man but the man who creates money

Live your life as simple as you are,

Don’t do what others say, listen them, do what you feel good.

Don’t go on brand names, just use those stuff you feel comfortable for you.

Don’t waste your money on unnecessary things; spend on them which are necessary.

After all, it is your life; never give a chance to others to rule on your life.

I wished to write more on his personality... but wordless now


Comment please



Regards
Shabu Thachat

Disclaimer

The blog is associated with information on Indian stock market and author’s investment view points on various emerging stocks/sectors. The contents discussed in this blog are purely my own personal opinion and in no case weigh it as any kind of recommendation for stock market investment. The sheer purpose of this blog is to educate the interested community on market related subjects based on my experience and I am, in no way, responsible for investment decisions based on the contents described in this blog.



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