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Transcript of Warren buffett
Who is Warren Buffet
Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is widely considered the most successful investor of the 20th century. Wikipedia
Chairman, CEO and largest shareholder of Berkshire Hathaway
Known as the "Oracle of Omaha
Net worth - $65.1 Billion
Warren BuffettSome interesting facts
He drives his own car everywhere and does not have a driver or security people around him.
He never travels by private jet, although he owns the worlds largest private jet company.
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.
Buffett bought his first stock when he was 12-years old
Warren put everything his schemes had earned him into this stock, Cities Service Preferred. He also enrolled his sister, Doris.
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.
Bill Gates, the worlds richest man met him for the first time only 5 years ago.
Warren Buffet does not carry a cell phone, nor has a computer on his desk.
. In June 2006, Buffett announced his plan to give away 85% of his wealth to charity. "There's no reason why future generations of little Buffetts should command society just because they came from the right womb. Where's the justice in that?" he said.
Buffett plays bridge online at least four times a week.
He has competed in online bridge tournaments for years alongside fellow billionaire Bill Gates. Gates plays online under the name "Chalengr" and Buffett goes under the name "T-Bone."
Best Things Warren Buffet
Has Ever Said
"Rule No. 1: Never lose money;Rule No. 2: Don't forget rule No. 1."
"Be fearful when others are greedy, and be greedy when others are fearful."
"Someone's sitting in the shade today because someone planted a tree a long time ago."
"Only when the tide goes out do you discover who's been swimming naked."
"I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3 percent of GDP all sitting members of congress are ineligible for reelection.
Some things just take time. You can't produce a baby in one month by getting nine women pregnant."
"I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age?"
If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy."
He paid $114.75 dollars for three shares, and watched the stock price fall from $38.25 to $27 a share. His sister Doris was not happy. When Cities Service went back up to $40, he sold. He made $5 a share profit, and got Doris off his back. After he sold, the stock rose to $202 a share.*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.*In case you want to try beating them, ..*