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The Warren Buffet formula

4 posters

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1The Warren Buffet formula Empty The Warren Buffet formula Sat Nov 10, 2012 11:46 pm

sriranga

sriranga
Co-Admin

There was a one hour interview on CNBC with Warren Buffet, the second richest man 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 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 three 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 CEO’s 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 five 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.

BE A MODEST PERSON!!!
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=65809

http://sharemarket-srilanka.blogspot.co.uk/

2The Warren Buffet formula Empty Re: The Warren Buffet formula Sun Nov 11, 2012 11:44 pm

kalum


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Moral of the story: "you don't have to be genius, hard earning money, be strategic and waste time thinking about what to invest , when to invest, how to invest." Look," he had the everything he want" before 50 years , "the 3 bedroom house".

That what i can think when i read this, what a waste of time we are doing, not enjoying our present life with what we have. cheers

Line 1 contradicts with line 3,5 and 6.

sriranga, no offense though. Cool
I know what is the real message the article intended to provide.




3The Warren Buffet formula Empty Re: The Warren Buffet formula Mon Nov 12, 2012 8:40 am

Arena


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

He has given 31b to charities.

This is what i want to do one day. Not that much. As much as possible.

4The Warren Buffet formula Empty Re: The Warren Buffet formula Mon Nov 12, 2012 8:55 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

I admire this gentleman. But what I learn from most billionaire lives is that they turn more charitable towards the latter part of their life. Gates in that sense started a bit early. ( of course he had money early)

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