Warren Buffet has given his CEOs only two rules: Rule1: Do not lose any of your shareholder’s money. Rule 2: Do not forget Rule 1. When Bill Gates met him for the first time, he did not think he had anything in common with Warren Buffet so he had scheduled his meeting only for half hour. When Gates met him, the meeting lasted for 10 hours and Bill Gates became a devotee of Warren Buffet.
Crazy-Interesting Facts About Warren Buffet
- Warren Buffet bought his first share at age 11 and he now regrets that he started too late!
- At the age of 11, Warren Buffett began to invest in the stock market. His first purchase was of three shares of Cities Service Preferred.
- He still lives in the same small three bedroom house in mid-town Omaha that 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.
- He never travels by private jet, although he owns the world’s 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.
- His advice to young people: Stay away from credit cards and invest in yourself.
- Nothing feels better than serving the community that you live in. Warren Buffet, pledged that he would donate all his wealth to charity. In USA history, this has been the greatest act of charitable donation so far.
- Warren Buffet is not an extrovert and avoids socializing with people of his class. His favourite past time is to sit down and watch TV, while having popcorns made by himself.
- As a teenager, Buffet was often caught lying, shoplifting and stealing golf balls
- Warren Buffett bought the Buffalo Evening News, Omaha World-Herald, The Eagle, the Waco Tribune-Herald, and other newspapers. In total, his firm Berkshire Hathaway owns 28 daily and 42 non-daily newspapers. Though they have turned out to be profitable investments, the main reason Warren Buffett opted to invest is because he loves newspapers.
- In 2008, he was declared the wealthiest man in the world by Forbes, beating competitors such as Bill Gates and Carlos Slim Helu.