Warren Buffett -life,advice

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

Here are some very interesting aspects of his life:

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 year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis. 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.

7. 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.

8. 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.

9. Warren Buffet does not carry a cell phone, nor has a computer on his desk.

His advice to young people: "Stay away from credit cards and invest in yourself and Remember:

A. Money doesn't create man but it is the man who created money.

B. Live your life as simple as you are.

C. Don't do what others say, just listen them, but do what you feel good.

D. Don't go on brand name; just wear those things in which u feel comfortable.

E. Don't waste your money on unnecessary things; just spend on them who really in need rather.

F. After all it's your life then why give chance to others to rule our life."

The 5 Rights of iLearningGlobal

In this video Brian Tracy introduces what he thinks is one of the most exciting business opportunity he has seen in an entire lifetime in working with thousands of corporations and people. This business opportunity is called iLearningGlobal. The reason that it is a great business opportunity is because it has 5 RIGHTS:

The 5 Rights of iLearningGlobal according to Brian Tracy:

The Right Product:

It's continuous learning delivered at your fingertips so that you can learn any subject you need to learn to improve any area of your life, but especially your financial life. It shows you how to make more money every single day.

The Right Technology:

We have advanced technology. High-Defenition technology - HD television that enables you to see full screen, higly entertaining, fast moving technology that you can use anytime - anywhere.

The Right Company:

This company is based on years and years of experience. It is run by wonderful people, who are totally dedicated to your success, with years and years of knowledge of continuous learning. It's also made up of some of the best speakers of the world today.

The Right Business Opportunity:

With this business opportunity if you can't think of 5 people who would like to upgrade their skills on a regular basis. And encourage them to find 5 people - and them to find 5 people - down 7 levels. You can increase your income by hundreds and thousands of dollars per year.

The Right Time:

This is the time in human history that everybody knows that the only way for you to get ahead is to upgrade your skills. There is no way for a person to get paid more, promoted faster and succeed in business or life than by upgrading their skills on a continuous basis and iLearningGlobal is the fastest the easiest, the simplest and the most convenient way to do this.

So Let’s join to iLearningGlobal - Revolution in learning for the 21st Century.

The Freeway of Life

In this video, Brian Tracy discusses how you can double your income right now, and not have to wait to succeed

“ The greatest success principle in history is 'Learn from the experts’, you’ll never live long enough to learn it all yourself ”

- Brian Tracy - iLearningGlobal Chief Learning Officer”

Think like a champion- Trump!!!

“Donald’s wisdom is priceless — it’s the perfect book at the perfect time.”
—Robert Kiyosaki, New York Times bestselling author of Rich Dad Poor Dad


“I learn something new every day”

In these pieces, which have been personally selected by Donald Trump for this book, he gives his special perspective in what amounts to an “informal education” about success in business and in life.


topic included in this book:

1. Barack Obama election ushers in adifferent world
2. the shock market
3. an early thanksgiving
4. keep the big picture in mind
5. give your higher self a chance
6. essays, asset and Stephen King
7. discover and live your purpose
8. go against the tide
9. building connected thoughts
10. imagination: a key to financial savvy
11. the good, the bad, and the rogue wave
12. building your reputation
13. think like a genius

Highly recommend to read.

How to make billions following Warren Buffett's strategy

Buffett’s early life: He began working at his father's brokerage at the age of 11, and that same year made his first stock purchase, buying Cities Services preferred shares for $38 each. He sold them when the price reached $40, only to see them rocket to $200 a few years later. This taught him the importance of investing in good companies for the long term
Do you know that he ran the partnerships out of his bedroom?

His investment strategy:Buffett employed a three-pronged approach:
1) Generals: undervalued securities that possess margin of safety and meet expected return-to-risk

2) characteristics Arbitrages: company events that are not related to broader market changes, such as mergers and acquisitions, liquidation, etc.

3) Controls: build sizeable holdings, ally with other shareholders or employ proxies to effect changes in companies.

Buffett's philosophy on business investing is a modification of the value investing approach of his mentor Benjamin Graham. Graham bought companies because they were cheap compared to their intrinsic value.
He was of the belief that as long as the market undervalued them relative to their intrinsic value he was making a solid investment. He reasoned that the market will eventually realize it has undervalued the company and will correct its course regardless of what type of business the company was in.

The following are some questions to determine what business to buy, based on the book Buffettology by Mary Buffett:

*Is the company in an industry of good economics, i.e., not an industry competing on price points.

*Does the company have a consumer monopoly or brand name that commands loyalty?

*Can any company with an abundance of resources compete successfully with the company?

*Are the earnings on an upward trend with good and consistent margins?

*Is the debt-to-equity ratio low or is the earnings-to-debt ratio high, i.e. can the company repay debt in few years from its earnings?

*ROE is consistent over its history and high compared to industry averages?

*Is it more than 12%? Or does the company have high and consistent Return on total capital?

*Does the company retain earnings for growth?
The business should not have high maintenance cost of operations, low capital expenditure or investment cash outflow. This is not the same as investing to expand capacity.

*Does the company reinvest earnings in good business opportunities?

*Track record of management accomplishing these investments?*Is the company free to adjust prices for inflation?