Just sharing some important facts about Warren Buffett and we may be able to learn something, and we may be able to apply his secrets...
EVEN THE SECOND RICHEST MAN IN THE WORLD IS SIMPLE (WARREN BUFFETT)
HE DONATED $31 BILLIONS TO CHARITY.
FOLLOWING ARE SOME VERY IMPORTANT ASPECTS OF HIS LIFE:
1.HE BOUGHT HIS FIRST SHARE AT AGE 11 AND HE NOW REGRETS THAT HE STARTED TOO LATE.
(THINGS WERE VERY CHEAP AT THAT TIME, ENCOURAGE YOUR CHILDREN TO INVEST)
2.HE BOUGHT A SMALL FARM AT AGE 14 WITH SAVINGS FROM DELIVERING NEWSPAPERS.
(One could have bought many things with little savings)
(Encourage your children to start some kind of business)
3.HE STILL LIVES IN THE SAME SMALL 3-BEDROOM HOUSE IN MID- TOWN OMAHA, THAT HE BOUGHT AFTER HE GOT MARRIED AFTER 50 YEARS AGO. HE SAID HE HAS EVERYTHING HE NEEDS IN THAT HOUSE. HIS HOUSE DOES NOT HAVE A WALL OR FENCE.
(Don’t buy more than what you “really need”)
(Encourage your children to do and think the same)
4.HE DRIVES HIS OWN CAR EVERYWHERE AND DOES NOT HAVE A DRIVER OR SECURITY PEOPLE AROUND HIM.
(You are what you are)
5.HE NEVER TRAVELS BY PRIVATE JET, ALTHOUGH HE OWNS THE WOLD’S LARGEST JET PRIVATE COMPANY.
(Always think how you can accomplish things economically)
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.
(Assign the right people to the right jobs)
7.HE HAS GIVEN HIS CEOS TWO RULES.
RULE NO.1 DO NOT LOSE ANY OF YOUR SHARE
RULE NO.2 DO NOT FORGET RULE NO.1
8.HE DOES NOT SOCIALIZE WITH HIGH SOCIETY CROWD. HIS PAST TIME AFTER HE GETS HOME IS TO MAKE HIMSELF SOME POPCORN AND WATCH TELEVISION.
(Don’t try to show off, just be yourself and do what you enjoy doing.)
9.WARREN BUFFET DOES NOT CARRY A CELLPHONE, NOR HAS A COMPUTER ON HIS DESK.
10.BILL GATES THE WORLD RICHEST MAN MET HIM FOR THE FIRST TIME AFTER FIVE YEARS AGO. BILL GATES DID NOT THINK HE HAD ANYTHING IN COMMON WITH WARREN BUFFET. SO HE HAD SCHEDULED HIS MEETING ONLY HALF AN HOUR. BUT WHEN GATES MET HIM, THE MEETING LASTED FOR TEN HOURS AND BILL GATES BECOME A DEVOTEE OF WARREN BUFFET.
HIS ADVICE TO YOUNG PEOPLE:
1.STAY AWAY FROM CREDIT CARDS (BANK LOANS) AND INVEST IN YOURSELF AND REMEMBER:
A.MONEY DOESN’T CREATE MAN BUT IT IS A 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 ARE COMFORTABLE.
E.DON’T WASTE YOUR MONEY ON UNNECESSARY THINGS; JUST SPEND ON THEM WHO REALLY IN NEED RATHER.
HE DONATED $31 BILLIONS TO CHARITY.
FOLLOWING ARE SOME VERY IMPORTANT ASPECTS OF HIS LIFE:
1.HE BOUGHT HIS FIRST SHARE AT AGE 11 AND HE NOW REGRETS THAT HE STARTED TOO LATE.
(THINGS WERE VERY CHEAP AT THAT TIME, ENCOURAGE YOUR CHILDREN TO INVEST)
2.HE BOUGHT A SMALL FARM AT AGE 14 WITH SAVINGS FROM DELIVERING NEWSPAPERS.
(One could have bought many things with little savings)
(Encourage your children to start some kind of business)
3.HE STILL LIVES IN THE SAME SMALL 3-BEDROOM HOUSE IN MID- TOWN OMAHA, THAT HE BOUGHT AFTER HE GOT MARRIED AFTER 50 YEARS AGO. HE SAID HE HAS EVERYTHING HE NEEDS IN THAT HOUSE. HIS HOUSE DOES NOT HAVE A WALL OR FENCE.
(Don’t buy more than what you “really need”)
(Encourage your children to do and think the same)
4.HE DRIVES HIS OWN CAR EVERYWHERE AND DOES NOT HAVE A DRIVER OR SECURITY PEOPLE AROUND HIM.
(You are what you are)
5.HE NEVER TRAVELS BY PRIVATE JET, ALTHOUGH HE OWNS THE WOLD’S LARGEST JET PRIVATE COMPANY.
(Always think how you can accomplish things economically)
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.
(Assign the right people to the right jobs)
7.HE HAS GIVEN HIS CEOS TWO RULES.
RULE NO.1 DO NOT LOSE ANY OF YOUR SHARE
RULE NO.2 DO NOT FORGET RULE NO.1
8.HE DOES NOT SOCIALIZE WITH HIGH SOCIETY CROWD. HIS PAST TIME AFTER HE GETS HOME IS TO MAKE HIMSELF SOME POPCORN AND WATCH TELEVISION.
(Don’t try to show off, just be yourself and do what you enjoy doing.)
9.WARREN BUFFET DOES NOT CARRY A CELLPHONE, NOR HAS A COMPUTER ON HIS DESK.
10.BILL GATES THE WORLD RICHEST MAN MET HIM FOR THE FIRST TIME AFTER FIVE YEARS AGO. BILL GATES DID NOT THINK HE HAD ANYTHING IN COMMON WITH WARREN BUFFET. SO HE HAD SCHEDULED HIS MEETING ONLY HALF AN HOUR. BUT WHEN GATES MET HIM, THE MEETING LASTED FOR TEN HOURS AND BILL GATES BECOME A DEVOTEE OF WARREN BUFFET.
HIS ADVICE TO YOUNG PEOPLE:
1.STAY AWAY FROM CREDIT CARDS (BANK LOANS) AND INVEST IN YOURSELF AND REMEMBER:
A.MONEY DOESN’T CREATE MAN BUT IT IS A 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 ARE COMFORTABLE.
E.DON’T WASTE YOUR MONEY ON UNNECESSARY THINGS; JUST SPEND ON THEM WHO REALLY IN NEED RATHER.
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