Warren Buffet is the Worlds Second Richest Man after Bill Gates. His Life is a true inspiration to the Entrepreneurs. He is the Most successful investor of all time.
His Real Time Net Worth as of 30/3/17 is $74.7 Billion which is equal to (4849150500000 INR) i don’t know to read those numbers in Indian rupees. It’s really huge figure. (Reference: Forbes)
Warren Buffet is known as the Oracle of Omaha.
He has committed to giving more than 99% of his fortune to charity. So far he has given $28.5 billion. (reference forbes)
Highlights of Warren Buffet’s Life
1 ) Born on : August 30, 1930 in Omaha, Nebraska
2 ) Parents : Howard, a Stock broker by profession and a future congress man, and Leila (Stahl) Buffett.
3 ) First Share : He brought his first Share at the age of ELEVEN and he regrets that he started too late. At Eleven I wasn’t even aware there is some thing like share market in the world.
He also Brought his first farm at the age of fourteen. we were struggling to pass the 9th grade at that age. This shows how much future oriented he is. we must learn from him to be future oriented.
Encourage your children to Invest their little savings.
4) He promised his best friend at the age of 11 that if he fails to be a millionaire by the age of 30 he will jump off the tallest building in Omaha. He says “I always knew I was going to be rich. I don’t think I ever doubted it for a minute” — warren buffet.
5 ) No Doubt Warren Buffet is worth $74.7 Billion, but he still lives a simple life. He still stays in the same house that he brought in 1958 at $31500 in Omaha, Nebraska .We all must take this lesson from him. Warren says he has everything he needs in that house.
Warren doesn’t believe in the big hefty billionaire Life styles. He thinks one should buy what one really needs.
6 ) His Company Berkshire Hathaway owns 60+ companies including Duracell, Geico , Dairy Queen. It is also been said that being a owner of 60+ companies he doesn’t trouble his employees much by interfering in their work. He writes only one letter each year to the CEO’s of these companies, giving them goals for the year. Never even holds meetings and never calls them on regular basis.
Assign the Right People to the Right Jobs
7 ) He has given his CEO’s only two Rules
i) Do not loose any of your share holders money.
ii) Do not Forget the Rule No. 1
Set Goals and Make people focus on them
Useful advises by warren buffet for everyone.
1 ) On Investment: He Believes one should not invest all his money in one business.
2 )ON Earning: Never Depend on single income. You must always have a secondary source. Make investments to have a secondary source of income.
3 ) On Savings: He advises everyone to save before you spend. Don’t save from what is left.
4 )ON Spending: If you buy unnecessary things, soon you will have to face consequences for the same. if you buy precious thing you don’t really need, In case of emergency of funds you may have to sell the things you brought.
5 ) ON Taking Risk: Risk is involved in every business. But one should not risk his everything at once. So he advises ” Never test the depth of river with both the feets”
6 ) He says look what life has for you in the future rather than wasting your time looking back. your past is not going to change. Learn from your past, and act in the present to see the results in the near future.
7) The Best Advise to make the principles of life simple .
8 ) When you are doing something good, do it for your self satisfaction. Because you have some expectation linked with it , you may get disappointed.
Thanks a lot for reading the article. Hope it inspired you as well.
please write down your views about warren buffet in the comments section below.