Warren Buffet interview on CNBC

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.

4. He says that he has everything he needs in that house. His house does not have a wall or a fence.

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

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

7. 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.

8. 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.*

9. 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.

10. 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.

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

12. His advice to young people: *Stay away from credit cards* and invest in yourself.

Source: Ram Shankar Yadav's Blog

Yep.

The man needs a life.... WB

Am I correct in saying that he (Warren Buffett) will be giving the majority of his fortune to Bill Gates' charity?

Yes and that is the most disgusting thing I ever heard Instead of distributing his wealth on this country the very people he made it from he gave it to gates and taking it over seas.
Now it has to be a law if you going to have a tax deduction from charitable funds it must be spend here Is like a robbing your country. And that Is my opinion.


http://www.gatesfoundation.org/GlobalHealth/

http://www.gatesfoundation.org/GlobalDevelopment/

http://www.gatesfoundation.org/AboutUs/

Excellent point Inventor.....lets get this country cleaned up and then we can go trying to fix other peoples problems....instead of creating more...but lets not get too political...but I agree with ya

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Originally posted by inventor

Yes and that is the most disgusting thing I ever heard Instead of distributing his wealth on this country the very people he made it from he gave it to gates and taking it over seas.

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Uuuhhh... you do realize, of course, that Warren Buffett is one of the world's leading philanthropists, right? He's done quite more than several thousand other people combined will ever even attempt. Just inside this country.

To intimate that he hasn't distributed his wealth, here or anywhere else, is disgusting.

Yes, I realize this is an old post.