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Second Richest Man in the World


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#1 MohanTara

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Posted 04 October 2007 - 03:06 PM

Second Richest Man in the World

There was a one hour interview on CNBC with Warren Buffet, the second richest man in the world, who has donated $31 billion (85% of his fortune) to charity.

Here are some very interesting aspects of his life:

1) He bought his first share at age 11 and 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 CEOs only two rules:

Rule number 1: Do not lose any of your shareholder's money.

Rule number 2: Do not forget rule number 1.

8 ) He does not socialize with the high society crowd. His pastime 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.

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With It,Nothing's Impossible!!

#2 Prashad

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Posted 04 October 2007 - 03:11 PM

nice post. Thankyou for this information.
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they are free.

#3 BS

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Posted 04 October 2007 - 03:40 PM

Nice. Thanks

#4 sachin

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Posted 04 October 2007 - 09:52 PM

Inspiring story.......
I am sorry i am not trying to be rude or anything like that but what i feel is ...... all the stories of the successful people sounds like almost same....... Is it because they fabricate the story to show they are from the humblest of backgrounds, or they simply have the humble background. I hope the latter is the truth.....
regards,
sachin
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Smile..... This is the only key that fits in everybody's heart

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#5 kslsanjeeb9

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Posted 24 December 2007 - 06:16 AM

QUOTE(MohanTara @ Oct 4 2007, 04:06 PM) <{POST_SNAPBACK}>
Second Richest Man in the World

There was a one hour interview on CNBC with Warren Buffet, the second richest man in the world, who has donated $31 billion (85% of his fortune) to charity.

Here are some very interesting aspects of his life:

1) He bought his first share at age 11 and 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 CEOs only two rules:

Rule number 1: Do not lose any of your shareholder's money.

Rule number 2: Do not forget rule number 1.

8 ) He does not socialize with the high society crowd. His pastime 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.




Simplicity is best policy !!!

He reached Self Realisation state .

Thany you for posting it here .
Management is Art & Science of Getting Law as Results , this process results in Sanjibalisation .

#6 dipeshmnm

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Posted 24 December 2007 - 01:29 PM

Recommend same,
high thinking(plus doing simple living!
Dip esh

#7 shyamprad

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Posted 25 December 2007 - 05:01 AM

Nice post !!

SIMPLE LIVING HIGH THINKING

A good example of the proverb,

Thank you for sharing with chautarians.
A WALK TO PEACE NEPAL...........




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