He is one of the most successful investors and he is also a very interesting multi-Billionaire this century has to offer. Decorated with triumph one after the other, he defied the expectations of how a normal rich man does and lives the opposite instead. He keeps himself humble, friendly, and simple. I read an article that I eventually reposted in facebook from greenyatra/facebook about the life of this greatest money-maker.
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.
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Don’t buy more than what you “really need” and encourage your children to do and think the same. You have to distinguished what are assets and liabilities and from there, you can make a wise decision habit. Warren is maintaining to live away from luxurious life. His attitude does not change over the years.
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 meeting or calls them on a regular basis.
Assign the right people to the right jobs. Warren is surrounded with best team in the world and understands well his vision for his company. Set goals and make sure people focus on them.
7. He has given his CEO’s only two rules:
Rule #1: Do not lose any of your shareholder’s money
Rule #2: Do not forget rule #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. Warren Buffet does not carry a cellphone, nor has a computer on his desk.
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His Advise to Young People:
“Stay Away from credit cards (bank loans) and invest in yourself and Remember;