WARREN BUFFET

1. HE BOUGHT HIS FIRST

SHARE AT AGE 11 AND HE NOW
REGRETS THAT HE STARTED
TOO LATE!
[SIO] ENCOURAGE YOUR
CHILDREN TO INVEST!!!
*At only six years old, Buffett
purchased 6-packs of Coca Cola
from his grandfather's grocery store
for twenty five cents and resold each
of the bottles for a nickel, pocketing
a five cent profit. While other
children his age were playing
hopscotch and jacks, Warren was
making money.

2. HE BOUGHT A SMALL
FARM AT AGE 14 WITH
SAVINGS FROM
DELIVERING NEWSPAPERS.
[SIO] ENCOURAGE YOUR
CHILDREN TO START SOME
KIND OF BUSINESS !!!
Five years later, Buffett took his step into
the world of high finance. At eleven
years old, he purchased three shares of
Cities Service Preferred at $38 per
share for both himself and his older
sister, Doris. Shortly after buying the
stock, it fell to just over $27 per share. A
frightened but resilient Warren held his
shares until they rebounded to $40. He
promptly sold them - a mistake he would
soon come to regret. Cities Service shot
up to $200. The experience taught him
one of the basic lessons of investing:
patience is a virtue.

3. HE STILL LIVES IN THE

SAME SMALL 3 BEDROOM
HOUSE IN MID-TOWN
OMAHA , WHICH 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.
[SIO] DON'T BUY MORE
THAN WHAT YOU "REALLY
NEED" AND ENCOURAGE
YOUR CHILDREN TO DO
AND THINK THE SAME !!!

Warren Buffet still lives in the same neighborhood

where he bought his home in 1958 for $31,500.
Warrens house is still quite large at 6,300 square feet,
and the estimated value is now approximately
$700,000. He also keeps a second home in Laguna
Beach, California and is worth about $4 million.

4. HE DRIVES HIS OWN CAR

EVERYWHERE AND DOES
NOT HAVE A DRIVER OR
SECURITY PEOPLE AROUND
HIM.
[SIO] YOU ARE WHAT YOU
ARE!!!

5. HE NEVER TRAVELS BY
PRIVATE JET, ALTHOUGH
HE OWNS THE WORLD'S
LARGEST PRIVATE JET
COMPANY.
[SIO] ALWAYS THINK
HOW YOU CAN
ACCOMPLISH THINGS
ECONOMICALLY!!!

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.
[SIO] ASSIGN THE
RIGHT PEOPLE TO THE
RIGHT JOBS!!!

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.
[SIO] SET GOALS
AND MAKE SURE
PEOPLE FOCUS ON
THEM!!!

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.
[SIO] DON'T TRY TO SHOW OFF, JUST BE YOUR SELF AND DO WHAT YOU
ENJOY DOING!!!


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.
[SIO] DON'T MAKE PRESUMPTION AND BE OPEN TO ALL
POSSIBILITIES.

10. WARREN
BUFFET DOES NOT
CARRY A CELL
PHONE, NOR HAS A
COMPUTER ON HIS
DESK.
[SIO] SEE 3 & 4
ABOVE!!!

11. HIS ADVICE TO YOUNG

PEOPLE: STAY AWAY FROM
CREDIT CARDS
[ SIO] AVOID BANK LOANS AND
INVEST IN YOURSELF.

OFTEN CALLED THE "ORACLE OF

OMAHA,"[6] BUFFETT IS NOTED
FOR HIS ADHERENCE TO THE
VALUE INVESTING PHILOSOPHY
AND FOR HIS PERSONAL
FRUGALITY DESPITE HIS IMMENSE
WEALTH.[7] HIS 2006 ANNUAL
SALARY WAS ABOUT $100,000,
WHICH IS SMALL COMPARED TO
SENIOR EXECUTIVE
REMUNERATION IN OTHER
COMPARABLE COMPANIES.[8]

WARREN BUFFETT
FROM WIKIPEDIA, THE FREE
ENCYCLOPEDIA
WARREN EDWARD BUFFET
(2005)BORNAUGUST 30, 1930 ) (AGE78)
OMAHA, NEBRASKA, UNITED
STATESOCCUPATIONCHAIRMAN & CEO,
BERKSHIRE
HATHAWAYSALARYUS$100,000NETWORTH
US $62 BILLION (2008)[1]SPOUSE(S)SUSAN
BUFFETT (19522004),
ASTRID MENKS (2006-)[2]CHILDRENSUSIE
BUFFETT,
HOWARD GRAHAM BUFFETT,
PETER BUFFETTWEBSITE
WWW.BERKSHIREHATHAWAY.COM WARREN
EDWARD BUFFETT (BORN AUGUST 30,
1930, IN OMAHA, NEBRASKA) IS AN
AMERICAN INVESTOR, BUSINESSMAN AND
PHILANTHROPIST. HE IS REGARDED AS ONE
OF THE WORLD'S GREATEST INVESTORS AND
IS THE LARGEST SHAREHOLDER AND CEO OF

the richest
man who has
donated $31
billion to
charity.
Money is nothing
Attitude is
everything