There was an one hour interview on CNBC with Warren Buffett, the second Richest man who has donated $31 billion to charity.
Reading about great achievers always inspires us as this interview session did the same to me.
It’s not because I am also involved in the same industry i.e. Stock market, I follow Warren Buffett because his simplicity and wisdom is truly transforming and I am huge follower of this legend.
I would like to share some very inspiring part of the interview.
Here are some very interesting aspects of his life:
- He bought his first share at the age of 11 years and he now regrets that he started too late.
- He bought a small farm at the age of 14 years with savings from delivering newspapers.
- He still lives in the same small 3-bedroom house in mid-town Omaha, which 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.
- He drives his own car everywhere and does not have a driver or security people around him.
- He never travels by private jet, although he owns the world’s largest private jet company.
- 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.
- He does not socialise with the high society crowd. Generally, after he gets home, prepares some pop corn for himself and watch Television.
- 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 Buffett, 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 Devotee of Warren Buffet.
- Warren Buffett does not carry a cell phone, nor has a computer on his desk. 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 lives as simple as you are.
C: Don’t do what others say, just listen to 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 are in need rather.
F: After all it’s your life then why giving chance to others to rule you.
Reading above excerpts from the interview may not help you to become Warren Buffett or to reach near by the level he is established in his life.
However it will surely make you successful and bring you more wisdom….!
Especially, follow the instructions given by him, shown above in Bold.
Here is a beautifully compiled article published in The Economic Times news paper which I would recommend you to read where some beautiful ways of creating wealth has been suggested by Warren Buffett and Benjamin Graham – http://bit.ly/2enKw8k
Compiler: Abishek Raaman