Learn from Warren Buffet

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 a small farm at age 14 with savings from delivering newspapers.

2) 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.

3) He drives his own car everywhere and does not have a driver or security people around him.

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

5) His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of thes companies, giving them goals for the year. He never holds meetings or calls them on a regular basis.

6) He has given his CEOs only two rules.

Rule number 1: do not lose any of your shareholder's money.

Rule number 2: Do not forget rule number 1.

7) 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.

8) 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 an hour.

But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.

9) Warren Buffet does not carry a cell phone, nor has a computer on his desk.

0) His advice to young people:

Stay away from credit cards and invest in yourself.

Remember money doesn't create man but it is the man who creates money.

Live your life as simple as you are. Don't do what others say, just listen to them , but do what you feel good.

Don't go on brand names , just wear those things in which you feel comfortable in.

Don't waste your money on unnecessary things; just spend on what you really need.

Los Angeles