Friday, July 27, 2007


World's 2nd
Richest Man - Warren Buffet
Especially read the second part: advice to young people

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
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

His advice to young people:
"Stay away from credit cards and invest in
Yourself and
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

D. Don't go on brand name; just wear those things in which u feel
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