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Monday, September 17, 2007

Words from Warren Buffet

There was a one-hour interview on CNBC with Warren Buffet, the second richest man who has donated $31 billion to charity. Here are some very interesting aspects of his life:

1. He bought his first share at age 11 and he 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. He has given his CEO's 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.

7. 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.

8. 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.

9. Warren Buffet does not carry a cell phone,nor has a computer on his
    desk.

10. His advice to young people:"Stay away from credit cards and invest
      in yourself and Remember:
      A. Money doesn't create man but it is the man who created money.
      B. Live your life as simple as you are.
      C. Don't do what others say, just listen them, but do what you feel
          good.
      D. Don't go on brand name just wear those things in which you feel
          comfortable.
      E. Don't waste your money on unnecessary things just spend on
          them who really in need rather.
      F. After all it's your life then why give chance to others to rule our life.

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