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Warren Buffet Interview
By Steve | March 22, 2007
A few days ago, I received an email from a friend subject titled “Warren Buffet Interview” with the content below.
There was a one hour interview on CNBC with Warren Buffet, the second richest man 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 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.
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.
My comment in the above article Warren is a very introvert and conservative person. I am sure I cannot follow his method to get rich, because I am an extrovert and I have Wealth Profile similar to Jack Welch, Donald Trump and Oprah. I would prefer to follow these people. You can see my Wealth Profile later when you click the link below this post. Warren is what Roger Hamilton called an Accumulator. According to Roger Hamilton who came up with the Wealth Dynamic Profiling concept, an accumulator’s personality is introvert. Those that dislike parties and human relationship. They focus on a system of decision making methods.
According to Roger Hamilton, we all need to know our natural wealth path ( ie our least resistance path to wealth). And there are 8 of such path being developed by Roger. I’m impressed by Roger’s work as it was developed marrying both Western and Eastern’s wisdom. For example, there is the 5 element (Water, Fire, Metal, Wood, Earth)concept built in.
I learnt recently after doing a test with Roger Hamilton’s wealth-profile-exercise that mine is that of Steve Balmer or Jack Welch type. I have a Supporter’s Wealth Profile. I am also close to Donald Trump type which is Deal Maker. All these are profiles that are PEOPLE oriented, and are extroverts. Hence Warren’s strategy may not be easy for me to duplicate.
If you have not done your Wealth Dynamic Profile, I would strongly you do so. Because for just US$100, you will know your ‘future’, you will know how you can plan for your future. I would sometimes call Roger Hamilton work a ‘Scientific Fortune Teller’.
Wealth Dynamics will provide you with:
1. Clarity on the eight paths of least resistance to success
2. Identifiable role models and biographies within each path
3. A six-step process for building the right team and focusing on the right activity
4. Links to the growth stages in business, and the essential hierarchy of our life values from passion to purpose.
5. Links to country, industry and lifestyle trends, giving clarity on when losing formulas become winning formulas (and vice versa!)
Go on, click the image below to access the websites
Related Article:
See my Wealth Profile
Topics: Step 1: Crystalization, Category90: Recommended Products |
April 9th, 2007 at 6:38 pm
Thank you Steve, for updating me on your latest posting. Great stuff and it’s a good read.
“His advice to young people: Stay away from credit cards and invest in yourself.” — This is the best piece of advice given by Warren Buffet. Buffet might be called an introvert but he isn’t a stingy accumulator of wealth ‘coz the man who has donated some $31 billion to charity.
I wish some scraps of Buffet’s generous donation can reach me, heeheehee! Steve, keep those great stuff coming. Have a nice day.
April 6th, 2008 at 9:21 pm
i have been reading public write up from the net i have never been impressed as yours, to be frank your infomations made a meaning in my life. pls keep me abreased more of the real wealth stuff.i will like you to be my mentor.
my regards to you.
richard nigeria.