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Thursday, June 10, 2010

Warren Buffet World's 2nd Richest Man.... (Interesting Facts)

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 a small farm at age 14 with savings from delivering
newspapers.
2) 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.
3) He drives his own car everywhere and does not have a driver or
security people around him.
4) He never travels by private jet, although he owns the world's largest
private jet company.
5) 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.
6) 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.
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 an 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. Remember money doesn't create man but it is the man who
creates money.

Live your life as simple as you are.
Don't go on brand names, just wear those things in which you feel
comfortable in.
Don't waste your money on unnecessary things; just spend on what you
really need

From: SHAHID GONDAL

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