Interesting Aspects of Life 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 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.
   Very modest, eh? :)
   
4. He drives his own car everywhere and does not have a driver or security people around him.
   Well, did someone planning on doing evil thing after reading this? :P
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. 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.
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 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..
   Who said we need to invest in high technology?
   

His advice to young people: ‘Stay away from credit cards and invest in yourself and Remember:
A. Money doesn’t create man but it is the man who created money.
B. Live your life as simple as you are.
C. Don’t do what others say, just listen them, but do what you feel good.
D. Don’t go on brand name; just wear those things in which u feel comfortable.
E. Don’t waste your money on unnecessary things; just spend on them who really in need rather.
F. After all it’s your life, then why give chance to others to rule our life.’

technorati tags: money, finance, money+management, credit, buffett, rich, jetset

10 Ways to Get Rich from by Warren Buffett

With an estimated fortune of $62 billion, Warren Buffett is the richest man in the entire world. In 1962, when he began buying stock in Berkshire Hathaway, a share cost $7.50. Today, Buffett, 78, is Berkshire’s chairman and CEO, and one share of the company’s class A stock is worth close to $119,000. He credits his astonishing success to several key strategies, which he has shared with writer Alice Schroeder.

No. 1: Reinvest Your Profits
When you first make money, you may be tempted to spend it. Don’t. Instead, reinvest the profits. Buffett learned this early on. In high school, he and a pal bought a pinball machine to put in a barbershop. With the money they earned, they bought more machines until they had eight in different shops. When the friends sold the venture, Buffett used the proceeds to buy stocks and to start another small business.

No. 2: Be Willing to Be Different
Don’t base your decisions upon what everyone is saying or doing. When Buffett began managing money in 1956 with $100,000 cobbled together from a handful of investors, he was dubbed an oddball. He worked in Omaha, not on Wall Street, and he refused to tell his partners where he was putting their money. People predicted that he’d fail, but when he closed his partnership 14 years later, it was worth more than $100 million.

No. 3: Never Suck Your Thumb
Gather in advance any information you need to make a decision, and ask a friend or relative to make sure that you stick to a deadline. Buffett prides himself on swiftly making up his mind and acting on it. He calls any unnecessary sitting and thinking “thumb-sucking.”

No. 4: Spell Out the Deal Before You Start
Your bargaining leverage is always greatest before you begin a job — that’s when you have something to offer that the other party wants. Buffett learned this lesson the hard way as a kid, when his grandfather Ernest hired him and a friend to dig out the family grocery store after a blizzard. The boys spent five hours shoveling until they could barely straighten their frozen hands. Afterward, his grandfather gave the pair less than 90 cents to split.

No. 5: Watch Small Expenses
Buffett invests in businesses run by managers who obsess over the tiniest costs. He once acquired a company whose owner counted the sheets in rolls of 500-sheet toilet paper to see if he was being cheated (he was). He also admired a friend who painted only the side of his office building that faced the road.

No. 6: Limit What You Borrow
Buffett has never borrowed a significant amount — not to invest, not for a mortgage. He has gotten many heartrending letters from people who thought their borrowing was manageable but became overwhelmed by debt. His advice: Negotiate with creditors to pay what you can. Then, when you’re debt-free, work on saving some money that you can use to invest.

No. 7: Be Persistent
With tenacity and ingenuity, you can win against a more established competitor. Buffett acquired the Nebraska Furniture Mart in 1983 because he liked the way its founder, Rose Blumkin, did business. A Russian immigrant, she built the mart from a pawnshop into the largest furniture store in North America. Her strategy was to undersell the big shots, and she was a merciless negotiator.

No. 8: Know When to Quit
Once, when Buffett was a teen, he went to the racetrack. He bet on a race and lost. To recoup his funds, he bet on another race. He lost again, leaving him with close to nothing. He felt sick — he had squandered nearly a week’s earnings. Buffett never repeated that mistake.

No. 9: Assess the Risks
In 1995, the employer of Buffett’s son, Howie, was accused by the FBI of price-fixing. Buffett advised Howie to imagine the worst- and best-case scenarios if he stayed with the company. His son quickly realized that the risks of staying far outweighed any potential gains, and he quit the next day.

No. 10: Know What Success Really Means
Despite his wealth, Buffett does not measure success by dollars. In 2006, he pledged to give away almost his entire fortune to charities, primarily the Bill and Melinda Gates Foundation. He’s adamant about not funding monuments to himself—no Warren Buffett buildings or halls. “When you get to my age, you’ll measure your success in life by how many of the people you want to have love you actually do love you. That’s the ultimate test of how you’ve lived your life.”

technorati tags: buffett, finance, money, investment, invest, company, money+management, rich, make+money

The Fortune Teller

During a recent publicity outing, Jennifer sneaked off to visit a fortune teller of some local repute. In a dark and hazy room, peering into a crystal ball, the mystic delivered grave news.

"There's no easy way to say this, so I'll just be blunt: Prepare yourself to be a widow. Your husband will die a violent and horrible death this year."

Visibly shaken, Jennifer stared at the woman's lined face, then at the single flickering candle, then down at her hands. She took a few deep breaths to compose herself. She simply had to know. She met the fortune teller's gaze, steadied her voice, and asked her question.

"Will I be acquitted?"

Wedding Jokes

A little girl at a wedding asked, "Mommy, why do brides always wear white?"
The mom replied, "Because they're happy, dear."

Halfway through the wedding the girl whispered, "Mommy, if brides wear white because they're happy, then why do men wear black?"


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A man will pay two-dollars for a one-dollar item he needs, but a woman will pay one-dollar for a two-dollar item that she doesn't need.

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A woman worries about her future until she finds a husband, but a man never worries about the future until he takes a wife.

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A successful man is one who makes more money than his wife can spend, but a successful woman is one who can find such a man!!!

Your Sleeping Position and What Does It Says About You

So which one are you? Mine is side sleeper lying in one arm.

technorati tags: sleep, sleeping, sleeping+position, quiz, health

God's Answer to Our Prayers....

This is a must read. A very wise answer for all of us that whose prayers hasn't been answered.

Obama Muslim Faith

This is a recap from an ABC show when Barack Obama slips up on ABC's This Week with George Stephanopoulos and refers to his "muslim faith"

technorati tags: obama, muslim, islam, america, president,

9/11 Divorce Disaster

This is a piece of a news after the 9/11 tragedy. The man was lucky, but not lucky enough to save his marriage lol... :P And to make it better I'm posting it on the blog, September 11th as well....

technorati tags: funny, funny+pictures, jokes, humor, joke, 9/11, wtc

Powerhouse Trailer

If this doesnt make you buy precious metals, I don't know what will :)

an interesting video on the worthless value of the US Dollar, or so people say

PS: thats real money bills, not fake one ;)

technorati tags: power+house, powerhouse, trailer, money, us+dollar, dollar, currency,

MInuscule - Ladybird Love Story

One Stroke

This is done all with one stroke. Take a look at the copyright. Cool isn't it? Starts at the tip of the nose and ended below. Take a closer look by clicking the image.

technorati tags: drawing, stroke, painting, interesting+fact, sketch

Funny Poems

I wrote your name on sand, it got washed
I wrote your name in air, it was blown away, then
I wrote your name on my heart and I got heart attack :-)


God saw me hungry, he created pizza
He saw me thirsty, he created Pepsi
He saw me in dark, he created light
He saw me without problems, he created YOU :-)

Twinkle Twinkle Little Star
You should know what you are
And once you know what you are
Mental hospital is not so far :-)

The rain makes all things beautiful, the grass and flowers too
If rain makes all things beautiful, why doesn't it rain on you? :-)

Roses are red, violets are blue
Monkeys like you should be kept in zoo :-)
Don't feel so angry you will find me there too
Not in cage but laughing at you :-)

When your life is in the darkness,
Pray to God ask him to free u from darkness
And if after you pray and you are still in darkness,
Please pay your ELECTRICITY BILL!

How Companies Got Their Names

technorati tags: funny, humor, jokes, interesting+facts, computer, company, logo