11 Interesting Facts about Warren Buffett
Someone I look up to and model after:
WARREN BUFFETT
(second-richest person in the world)
THE BILLIONAIRE NEXT DOOR
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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Adrian Flory,(Australia) said,
December 21, 2006 @ 5:19 pm
Hi,Ken.What do you think about the old saying ” money isn,t everything” ? or is it only said by people who don,t have any?? What are your thoughts on Donald Trump?.Regards Adrian,Ly &Emily.
Sean said,
December 22, 2006 @ 12:14 pm
To Adrian,Ly &Emily,
I’d like to share too [even though you asked Ken
]
I think when someone says “money isn’t everything”, it really depends on what they say before or after that statement, or the context in which they are using this statement.
Are they using the statement as an excuse so that they can remain where they are instead of taking up the challenge to pursue their dreams or expand their means?
Or do they already know the importance of the role money plays in our lives, and at the same time recognize that there are other aspects that matter too?
True, money really isn’t everything…but it surely affects everything that’s important in life!
ken said,
December 22, 2006 @ 3:48 pm
Dear Adrian mate, good to hear from you on my blog! Guys, I know Adrian during my trip in Vietnam.
Well, my response to your question is this:
“If you want to know the true character of a man, give him money” I believe money act as a magnifying glass and magnify their true character many times. If evil exists, then he will use in an evil way, if with good thought, he will use it to do good. Hence, money isn’t everything but we show who we are by the way we use the money.
Send my warmest regards to Emily and Lee. I am blessed to meet your family.
P/S: I have no comment on D.Trump.
Lots of love and support,
Ken Chee
Adrian Flory,(Australia) said,
December 22, 2006 @ 7:58 pm
Thank you Sean for you comments and Ken meeting you in Vietnam was just meant to be ,as you now know my interest being in the Share Market..Just a little more on the subject of money,how much is enough?,I can allready hear people screaming you can never have enough!!This is one of many questions i asked myself when deciding to sell my very very profitable business and retire..I could have kept working and making more and more money but i did decide and felt that i had enough.on occasion when this is talked about people ,i,m sure think i,m crazy. Best Wishes,Love from my family and me..
ken said,
December 27, 2006 @ 12:47 am
Hi Adrian, you got an interesting question regarding money. It has been calculated that an average urban person will not use more than $2m from the day he was born to the day he drawn his last breath. My key financial goal is not the ultimate amount of money that I would have but rather the wealth that I build that would produce passive income.
I learn from my mentor that Wealth is defined as =
The no of day that one is able to survive forward when the main source of income stop.
In that case, it all depends how much one need to survive. For some, it might be 2k a month, some 20k a month, some 200k or even 2m a month! There is no right answer for your question as it depends on your lifestyle and desire.
Hope this clarify my standpoint.
Lots of love and support,
Ken Chee