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Tuesday, February 20, 2007

It was not on my 'TO DO LIST' to blog today and even if I would,perhaps later in the day, certainly not on this topic.But i just got this,a summary of an interview Warren Buffet gave to CNBC from a friend and a colleague of mine on the Venture in Management Programme at the Lagos Business School in Nigeria sometimes 2005.Her name is Tobi.

Please have it...hope you enjoy it!

There was a one hour interview on CNBC with Warren Buffet, the second
richest man in the US 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 Omahathat
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.


Kamal Oyedunle said...

Interesting! I quite agree with so many of Buffet's Idealogies but I will have to think some over.

Good piece!

Mona said...

Wow! If anything I am inspired, loving this post and definitely referring to this in one of my next posts. Merci beacoup.

Mona xx