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11 Interesting Facts About Warren Buffet

January 18, 2012 | 16 Comments » | Topics: Uncategorized

warren buffet

1. He bought his first 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 only one letter each yearto 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 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.

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 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.

10. Warren Buffet 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.
    * Money doesn’t create man it is the man who created the money.
    * Live your life as simply as you can.
    * Don’t do what others say, listen to them, but then do what you feel is the right thing to do.
    * Don’t buy brand names; instead just wear those things in that make you feel comfortable.
    * Don’t waste your money on unnecessary things; rather spend it on those who are really in need.

    * It’s your life so why allow others to rule our life.

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  • Alanone1962

    My hero.

  • That Guy

    Warren Buffett does travel by private jet. Berkshire owns or leases a Global Express (modified Boeing 737) for this. Also, he does have private security, either he or Berkshire hired a retired local cop for this purpose. However, the security is employed sparingly. I am not saying Warren is an amazing man, just saying you’re misinformed.

  • guest

    Warren Buffet rocks, but the ‘same small house’ he lives in is like 3800 square feet.

    • Scottjhopper

      Negative. His house is valued at less then $40K. Its less then half the size of your made up number. He isn’t get rich by buying things he doesn’t need. And nobody needs as big of a house as you mentioned. And to other comments. You people only dislike capitolism because you can’t achieve it. That’s called envy. You’ll never get to the top unless you get off your bottom. Most of you are so busy defining people by percentages hoping for a hand out. As much as i don’t like Buffett. He worked for his wealth. He only abused his wealth, that’s all he did wrong.

      • Remynona

        Yes, of course, he obviously worked about five million times as hard as the rest of us.

  • Jhelbe

    You are a idiot. Buffett travels only on corporate jets & buys millions of dollars worth of corporate jet travel for his children.

  • Alsimmons

    Warren Buffett is a lying hypocrite who is over a billion dollars behind on his taxes, and uses his money to get crooked politicians in office (like Obama, for one). There’s nothing about this man worth admiring.

    • Shat Thrice

      moron

    • Eric

      You fail at simple logic my friend. Do you think you could file the taxes of BRK in a timely manner? They’re dealing with about 200 billion dollars in annual income. This means mountains of paperwork and a team of people working around the clock.

      Please stop wasting air.

      • Jimmy

        haha fuck rich man cant get his taxs done on time coz it takes to long? maybe employ more people to get it done on time, like the law requires it to be? no excuse, especially with that amount of money.

  • Johnnyc Livinfree

    He’s a commie, and it’s easy to be a commie when you’re F-ing rich. of course he uses capitalism to shill his commie ideals. Capitalism makes men wealthy and Communism helps those same rich men keep others from getting rich as well.

    • Eric

      Well that’s a theory, albeit an astoundingly brainless, dim-witted, moronic one. Can you muster a motive as to why someone with 50 billion dollars of net worth needs to hide his ideals? He already has success and wealth, and he has even shared his advice with the president of the United States. There is no logic behind your blathering.

      Please stop wasting air.

  • Educated

    I love how people criticize him and call him commie and lying hypocrite. Sounds like you guys have small peepee issues! The man is a great role model. Go back to Walmart and buy yourself 10 big macs people!

  • 76United

    More facts aout Warren Buffett:
    He’s been in court for the past few years with the IRS because he refuses to pay taxes that he owes. (I thought he wanted to pay more taxes?).

    Buffett just recently spent millions of dollars to have taxes lowered for the private jet industry (I read this on HuffPo, so you can’t blame a right-wing conspiracy on this).

    Warren Buffett: Another Rich Hypocrite.

  • the_npp

    Reason Republians hate him: He lies and wants to support people taking your money before he’ll give up all but $200,000 of the money he has. He’s a 1%’er who pretends he’s a good guy. Hopefully when Barak is re-elected he’ll take away all but $200,000 of Buffet’s money so he can live like the 99%.

  • GP For Life

    I love Warren and have had the opportunity to meet him about 15 years ago, before a lot of people knew who he was. He’s a very down to earth man who is a lot smarter than he comes off. Think about that.

    That said:

    He does travel in private planes whenever he travels by air. Frequently, it’s on a Global Express, which is a converted 737.

    He does have security personel, though very few. For a long time all he had was a retired cop. Many people with his wealth keep a small private army of ex-SF around them. While his security complement may be increased at times it still goes to show you how honestly he earned his money.

    He does socialize with high society, but he socializes with everyone else too!

    “Don’t waste your money on unnecessary things; rather spend it on those who are really in need” I can all but promise you he didn’t say the last part of that. The man is notoriously cheap and while he does give to charities he does so sparingly. That said, over 90% of his net worth will be given to charities upon his death.

    While it’s true he usually drives himself one of the things you fail to point out is that he buys American, Cadilac is his brand, and he buys used cars. Yes. One of the richest men in the world buys used cars for personal use. Which is funny, because I am pretty sure Cadilac would give him a car if he asked.

    Warren is a genuine and sincere man who is nothing short of a genius. The same applies to Munger. They are national treasures and should celebrated as such. But you know what my favorite thing about him is? He’s a stone-cold poon hound. That’s right.




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