Warren Buffett is a great player of the game, ‘Bridge’. He has worked in an animated series which features Buffett and Munger and teaches children healthy financial habits. He also follows the Nebraska Football and he takes time out to watch the matches.
As a philanthropist also he has gathered much respect. He auctioned his Car to raise money for Girls and auctioned a luncheon with himself for a charity. In 2006, he announced a plan to give away his fortune to charity, with 83% of it going to the Bill & Melinda Gates Foundation.
Buffett married Susan Buffett Thompson in 1952. They got separated but Warren Buffett never married again. They had three children, Susie, Howard, and Peter. He says – “I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing”.
This statement is an apt example of his greatness. It is not surprising that there are many books written in honor of Warren Buffett. But his personal favorite is collection of his essays called The Essays of Warren Buffett, which he described as “a coherent rearrangement of ideas from my annual report letters” as edited by Larry Cunningham.
Warren Buffett’s life is an apt example of Intelligence when combined with action leads to success. According to Buffett “You only have to do a very few things right in your life, so long as you don’t do too many things wrong.” And this genius continues to march ahead in the new pastures of possibilities.
Famous Quotes
Here are some famous Warren Buffett quotes1. “Rule Number one Number one – Don’t lose the money and number two – don’t forget rule number 1!”
2. “An investor needs to do very few things right as long as he or she avoids big mistakes.”
3. “It is not necessary to do extraordinary things to get extraordinary results.”
4. “If past history was all there was to the game, the richest people would be librarians.”
5. “Price is what you pay. Value is what you get.”
6. “Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.”
7. “I always knew I was going to be rich. I don’t think I ever doubted it for a minute.”
8. “I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.”
9. “If a business does well, the stock eventually follows.”
10. “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
11. “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
12. “Risk comes from not knowing what you’re doing.”
13. ”Never invest in a business you cannot understand.”
14. ”Stop trying to predict the direction of the stock market, the economy, interest rates, or elections.”
15. ”Wall Street is the only place that people ride to in a Rolls-Royce to get advice from those who take the subway.”
16. ”As far as you are concerned, the stock market does not exist. Ignore it.”
17. ”Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.”
18. ”It’s only when the tide goes out that you learn who’s been swimming naked.”
19. ”We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
20. “Our favorite holding period is forever.”
Warren Buffett is the most successful investors our living times and is one of the very few billionaires who have amassed wealth majorly through investing in stocks. Warren Buffett is bestowed with titles like “The Oracle of Omaha” and the “Sage of Omaha”. Warren Buffett continues to shine bright as an Investor, Businessman and Philanthropist. With a net worth of US $37 billion in 2009, Warren Edward Buffett is ranked as the second richest man in the world, just after his good friend Bill Gates who had the net worth of $40 Billion.
0 comments:
Post a Comment