Warren BuffetWarren Buffetthe second richest man

Warren Edward Buffet

                                                                                          

(2005)

Born August 30, 1930 ) (age 78)Omaha, Nebraska, United States

Occupation Chairman & CEO, Berkshire Hathaway

Salary US$100,000

Net worth US $62 billion (2008)[1]

Spouse(s) Susan Buffett (1952–2004),Astrid Menks (2006-)[2]

ChildrenSusie Buffett,Howard Graham Buffett,Peter Buffett

Websitewww.berkshirehathaway.com

• There was a one hour interview on CNBC with Warren Buffet, the 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! [SIO]   Encourage your

children to invest!!! 

*At only six years old, Buffett purchased 6-packs of Coca Cola from his grandfather's grocery store for twenty five cents and resold each of the bottles for a nickel, pocketing a five cent profit. While other children his age were playing hopscotch and jacks, Warren was making money.

2. He bought a small farm at age 14 with savings from delivering newspapers. [SIO]   Encourage your

children to start some kind of business !!!  

Five years later, Buffett took his step into the world of high finance. At eleven years old, he purchased three shares of Cities Service Preferred at $38 per share for both himself and his older sister, Doris. Shortly after buying the stock, it fell to just over $27 per share. A frightened but resilient Warren held his shares until they rebounded to $40. He promptly sold them - a mistake he would soon come to regret. Cities Service shot up to $200. The experience taught him one of the basic lessons of investing: patience is a virtue.

3. 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.   [SIO]   Don't buy more than what you "really need" and encourage your children to do and think the same !!!  

Warren Buffet still lives in the same neighborhood where he bought his home in 1958 for $31,500.

Warren’s house is still quite large at 6,300 square feet, and the estimated value is now approximately

$700,000. He also keeps a second home in Laguna Beach, California and is worth about $4 million.

4. He drives his own car everywhere and does not have a driver or security

people around him. [SIO]   You are what you

are!!!  

5. He never travels by private jet, although he owns the world's largest

private jet company. [SIO]   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. [SIO]   Assign the right people to the right jobs!!!  

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.

[SIO]   Set goals and make sure people focus on them!!!  

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.

[SIO] Don't try to show off, just be your self and do what you enjoy doing!!!  

 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. [SIO] Don't make presumption and be open to all possibilities.  

10. Warren Buffet does not carry a cell phone, nor has a computer on his desk. [SIO] See 3 & 4 above!!!  

11. His advice to young people: Stay away from credit cards

[ SIO] Avoid bank loans and invest in yourself. 

Often called the "Oracle of Omaha,"[6] Buffett is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense

wealth.[7] His 2006 annual salary was about $100,000, which is small

compared to senior executive remuneration in other comparable

companies.[8]

Warren BuffettFrom Wikipedia, the free encyclopedia

Warren Edward Buffet (2005)BornAugust 30, 1930 ) (age 78)

Omaha, Nebraska, United StatesOccupationChairman & CEO, Berkshire HathawaySalaryUS$100,000Net worthUS $62 billion (2008)[1]Spouse(s)Susan Buffett (1952–

2004),Astrid Menks (2006-)[2]ChildrenSusie Buffett,

Howard Graham Buffett,Peter BuffettWebsite

www.berkshirehathaway.com Warren Edward Buffett (born August 30, 1930, in Omaha,

Nebraska) is an American investor, businessman and philanthropist. He is regarded as one of the

world's greatest investors and is the largest shareholder and CEO of Berkshire Hathaway.[3]

With an estimated net worth of around US$62 billion,[4] he was ranked by Forbes as the richest person in the world as of February 11, 2008.[5]

the richest man who has donated $31 billion to charity.

Money is nothing Attitude is everything