An Indian Civilizational Perspective

About the Stock Market History's Best Investor!

Sent by a friend.. it is amazing that the best investor in history who is going strong even now .. is so simple and basic an individual! The greatest gem from him that I like is – the quote is by Alan Simpson which he likes a lot and has used it too:

If you have integrity, nothing else matters. If you don’t have integrity, nothing else matters. –Alan Simpson

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
newspapers.

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.

7) 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.

8) 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.

9) 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.

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.

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