Words of wisdom by the second wealthiest person

I've got a ppt file from my friend via mail.
It is an interview by the CNBS of Warren Buffett, the world second wealthiest person who charitably donated total amount of US$310billion.
It was very interesting and stimulus for me to learn his view of life.
I'd like to share it with you here.


At the age of 11, he bought his first stock and now he regrets that he has started too late. At that time stock was very cheap. Encourage your child to invest.

At the age of 14, he used the money saved from his delivery of newspapers job and bought a farm. One can buy many things using his own savings. Encourage your child to start doing some business.

He still lives in a 3-bedroom house bought, after his marriage, 50 years ago. He said that this house meets all of his needs. The house doesn’t have walls or fences. Do not buy “More than What you Need” and encourage your child to think and act the same way.

He drives his car everywhere; no driver or bodyguards. Be yourself, maintain your own nature.

He never travels by a private jet plane even though he owns the world’s largest private jet company. He always think about how to get things done economically.

His company, Berkshire Hathaway) owns 63 companies. Each year, he writes only one letter to his CEOs. Give them with this year’s target. He never holds regular meetings or makes regular phone calls. Get the right person for the right job.

He only gives his CEOs two rules and regulations:
Rule 1: Don’t make a loss on the shareholder’s money.
Rule 2: Don’t forget Rule 1.
Set targets and ensure that everybody must not forget these targets.

Mr, Warren Buffett doesn’t carry a mobile phone nor has a computer on his desk.

He doesn’t engage in upper-class society activities. At home, his leisure activities is making some popcorn and watching TV. Don’t show off, maintain your true self and enjoy everything you do.

5 years ago he met with Mr. Bill Gates, the world’s wealthiest person, for the first time. Bill thinks that he and Warren are two different people. Therefore, that meeting was planned for half an hour only and as a result, they chatted for 10 hours. Finally, Bill became Warren’s believer.

His advice to the young people:

Wealth will not bring up people but people can bring
about Wealth.

Live a simple life. Don’t do what others say, listen and do what you think is right. Stay far away from credit card (bank loans), invest by yourself and remember the following few points :

Don’t go after branded names; wear what you feel is comfortable for you.
Don’t waste money on unnecessary things; spend it on those people who really need it.
After all, this is your own life, why let others influence it?

The happiest person doesn’t necessarily possess the best thing.
They just simply cherish everything that comes along their life path.
Let us select this kind of life path!

Warren Buffett ' Words of Wisdom '


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