Warren Buffett- The new richest man in the world

There was a one-hour interview on CNBC with Warren Buffett, the richest man who has donated $31 billion to charity.

Here are some very interesting aspects of his life:

1) He bought his first stock 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 onlyone 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 CEOs only two rules. Rule number 1: do not lose any of your shareholder' 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 previous 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 an hour.But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffett.

10) Warren Buffett 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. Remember money doesn't create man but it is the man who creates money.

Live your life as simple as you are.

Don't do what others say, just listen to them , but do what you feel good.Don't go on brand names, just wear those things inwhich u feel comfortable in.

Don't waste your money on unnecessary things; just spend on what you really need.

Bill Gates

Bill Gates On LIFE

-- Primarily by Bill Gates

Love him or hate him, he sure hits the nail on the head with this...To anyone with kids, of any age, or anyone who has ever been a kid, here's some advice Bill Gates dished out at a high school speech about 11 things they did not learn in school. He talks about how feel-good politically correct teachings created a full generation of kids with no concept of reality and how this concept set them up for failure in the real world.

Rule 1: Life is not fair - get used to it.

Rule 2: The world won't care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself.

Rule 3: You will NOT make 40 thousand dollars a year right out of high school. You won't be a vice-president with a car phone, until you earn both.

Rule 4: If you think your teacher is tough, wait until you get a boss. He doesn't have tenure.

Rule 5: Flipping burgers is not beneath your dignity. Your grandparents had a different word for burger flipping - they called it opportunity.

Rule 6: If you mess up, it's not your parents' fault, so don't whine about your mistakes, learn from them.

Rule 7: Before you were born, your parents weren't as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you are. So, before you save the rain forest from the parasites of your parents' generation, try delousing the closet in your own room.

Rule 8: Your school may have done away with winners and losers but life has not. In some schools they have abolished failing grades and they'll give you as many times as you want to get the right answer. This doesn't bear the slightest resemblance to ANYTHING in real life.

Rule 9: Life is not divided into semesters. You don't get summers off and very few employers are interested in helping you find yourself. Do that on your own time.

Rule 10: Television is NOT real life (nor are video games). In real life people actually have to leave the coffee shop and go to jobs.

Rule 11: Be nice to nerds. Chances are you'll end up working for one.