Recently i came across a power point presentation about Warren Buffet( the second richest person in the world according to Forbes list of billionaires).It was really impressive, so i decided to write it down in the blog.
A succinct intro of Warren Buffet(Source-Wikipedia):
Warren Edward Buffet(born August 30,1930 in Omaha,Nebraska,U.S) is an American investor,businessman and philanthropist.He is one of the world's most successful investors and the largest shareholder and CEO of Berkshire Hathaway. He is often called the "Sage of Omaha" or "Oracle of Omaha". In 2007, he was listed among TIME's 100 Most Influential persons in the world.
Some of the appealing aspects of his life are
*) He donated $31 billion to charity( 1,51,000 crore rupees or Rs1,50,00,00,00,000).
*) He procured the first share of his life at the age of 11 and he now regrets that he has started too late.
*) He bought a small farm at the age of 14 with savings from delivering newspapers.
*) He still lives in the same small 3-bedroom house in midtown Omaha, that he bought after he married 50 years ago. He says that he has everything he needs in that house. His house doesn't has a wall or fence.
*) He drives his car and doesn't have a security people around him.
*) His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to CEO's of these companies delivering the 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 No:1
Do not lose any of Ur share holders' money.
Rule No:2
Do not forget rule no 1.
*) He avoids socializing with high society crowd. His pastime after he gets home is to make himself some popcorn and watch television.
*) Warren Buffet does not carry a mobile, nor has a computer on his desk.
*) He never travels by private jet, although he owns the world's largest private jet company.
*) Bill Gates, World's richest man met him for the first time only five years ago. Bill Gates did not think he had anything common with Warren Buffet, So he scheduled his meeting only for 30 minutes. But when Gates met him, the meeting lasted for ten hours and Gates became a devotee of Warren Buffet.
His advice to young people:
*) Stay away from Credit cards and Bank loans.
*) Live 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, prefer things which makes you feel comfortable.
*) Don't waste Ur money on unnecessary stuffs. Just spend on them if it is indispensable.
*) After all its Ur life then why give chance to others to rule ur life.
"The Happiest people do not necessarily have the BEST of all. They simply appreciate what they find on their way".
