Warren Edward Buffet

If I ask you who is the richest person in the world your answer will be Bill Gates without any confusion, but if I ask you who is the world’s second richest person you may think for while or you may not have answer with you. The second richest person of the world is Warren Buffet. His full name is Warren Edward Buffet, the owner of Barkshire Hathway.

He is the unconquered ruler of Share Market. He is news now due to his charity to various NGO’s in America. He gave 31 billion $ US as charity. Don’t forget that 31 billion dollar equals to 3100 cr x Rs46. Just imagine how much in Indian Currency.

The life History

Warren Buffet born in 1930, at Bahama in He is news now due to his charity to various organizations in America. His father Howard Buffet himself was stock broker and he was the teacher for Warren in Stock Market. This buffet was profit minded itself from his age of 6. At the age of 6 he for first time he bought 6 coca cola bottles from his grandfather’s shop and sold those 6 bottles out side with the profit. From that he learned that what ever he has can sell for profit and one should sell anything with profit. He completed his school days with selling news papers and he was an average student at his school. The best thing about him was he did not waste a single paisa without a valid reason from his pocket. He entered Stock Market with buying three (3) Shares of City Services in 1941, when he was just 11 years for $38/share, but after just few hours shares comedown to $27, but Buffet did not lost his faith and he was able to sell those shares after two days for $40 each. But in next 48 hours the same shares sold in the market for $ 200. Those who bought shares from him made a profit of $ 480 dollars so he learned that Share holder has to deal with sufficient concentration. When he become 14 he bought a farmhouse for $5000 dollars with the earnings of sale of news papers.
At the age of 32 he started Barkshire Hathway Share Trading Co after there he didn’t look back in his lifetime. The shareholders who bought from him become multi milliners. So today its become prestige to have share of Barkshire Hatheway.

Once five year back Bill Gates wanted to meet him, so he kept 30 minutes appointment with thinking that there is nothing to learn from him, but as the talk started between two Bill Gates realized this man is superb corporate, he canceled his all appointments and he discussed various issues with Warren Buffet for next ten hours and when he came out his words were I am follower of Buffet from Today.

Warren Buffet is an interesting personality with wife and 2 sons and 1 daughter. This second richest person of the world still leaves in his 50 years old three bed room house which he bought in Ohama. His home doesn’t have a swimming pool, study room and even a conference room. He has brought his children also in same way. The interesting story is that when he had cores of $ at his house once he didn’t gave $ 20 to his daughter Susie, he gave a cheque for $20 for the reason to learn his daughter how difficult and to get know the value of $20 by waiting in a long queue in a bank.

The Corporate Life

Still today at his age of 77 he drove his car without a driver and even he doesn’t have a bodyguard.

Up to the day even for a single day he didn’t traveled in a private airplane he travels only through the government running public airplanes.

Buffet has 63 companies under his ownership he has different CEO’s for each companies.

He writes only one letter in a year to each CEO’s in which he states the % of profit earned by the year end, and he do not hold any private meeting with the CEO and even wont call them
He always tells only two things to his CEO’s
Don’t waste the money of the investors
Don’t forget above line at all.
He doesn’t offer any party to anybody and even wont go to any parties and in his leisure time he bake popcorn or watch TV.
This multimillionaire does not have a laptop computer or even a mobile with him just has a landline.


At last if you ask him how to become rich? His simple answer is Invest in Shares and Keep credit cards away.