15 Amazing Warren Buffett
Aaron Friedman / CC BY 2.0
Facts That Will Surprise You
For a man who is in his eighties, Warren Buffett doesn’t seem like he will be stopping from making huge deals any time soon. Forbes ranks him as the 2nd richest person in the United States and the 4th richest person in the world with an estimated net worth of $64.9 billion as at May 16, 2014. He is a man who likes to teach young people a few things about money and life in general. Some of his remarkable teachings to the young generation include: -
- It is man who creates money. Not the other way round.
- You should live your life as simply as you can.
- You shouldn’t do what others say; instead, listen to what they have to say, but do what you feel in your heart to be the right thing for you to do.
- Instead of wasting your money on unnecessary things, its better you spend it on those who are really in need.
Those are just but some of the life lessons that we have learnt from Warren Buffet over the years. There’s still a lot that we can learn from this 83-year old self-made billionaire, and here are 15 amazing Warren Buffett facts that are simply amazing! -
- He made his first investment when he was only 11 years old. When boys his age were busy worrying about puberty, Warren was busy investing. He acquired his first share at a tender age and he has always wished that he had done it sooner.
- He filed his first tax return at the age of 13. The filing was made to claim a deduction of $35 for his bike, since he used it to deliver newspapers.
- He acquired a small farm at the age 14. At this age, he had made enough savings from delivering newspapers. He utilized the savings wisely and bought himself a small farm.
- Warren’s best investment wasn’t a stock or a business. It was purchasing Benjamin Graham’s book titled “The Intelligent Investor” in 1949. He states that the book changed his life dramatically.
- Warren neither carries a cell phone, nor does he have a computer on his desk. In this day and age where technology has gone a top notch higher, you wouldn’t expect an executive of such caliber to be without these two important devices.
- This multi-billionaire prefers to drive his own car. Not only does he not have a driver, he also doesn’t have bodyguards or security people around him.
- Warren still lives in the same house that he bought after he got married half a century ago. He says that the small 3-bedroomed house in mid-town Omaha has everything that he needs. The house doesn’t have a fence or a wall.
- He never travels by private jet. This is despite him being the owner of the largest private jet company in the world.
- He doesn’t call the CEOs of his 63 companies regularly, nor does he hold meetings with them. Instead, he writes each one of them only one letter annually.
- He has given his 63 CEOs only two rules. Rule No. 1: Never lose any of your shareholder’s money. Rule No. 2: Don’t forget Rule No. 1.
- Warren rarely socializes with the high society crowd. He likes spending time alone at home watching television and making himself some popcorn.
- He has donated 85% of his fortune to charity. This amounts to over $31 billion. He has long stated that his intention is to “do good”, rather than stockpile his money for himself and his children.
- He plays bridge online at least 4 times a week. Even though poker is a popular game among the rich and famous, Warren’s obsession is bridge. He plays online under the name “T-Bone”.
- Warren hired a man who paid $5.25 million just to have lunch with him. Ted Weschler placed the winning bid for a charity lunch with Warren.
- He owns relatively few stocks. Many assume that Berkshire Hathaway consists of highly diversified stocks. While many mutual funds and ETFs own hundreds or thousands of different stocks, Warren’s Berkshire Hathaway’s portfolio is surprisingly simple.
Warren Buffett started investing at a tender age and he doesn’t seem like he’s stopping anytime soon. With each passing year, we get at least one more interesting fact about Warren Buffet. Anyone who wants to be successful in life should learn from this remarkable billionaire.
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"If I have seen further than others, it is by standing upon the shoulders of giants." Isaac Newton
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