Warren Buffett needs no introduction. Everybody knows him in the USA and perhaps, other continents as well, but unfortunately not here in our beloved country. I guess he's not that popular in Malaysia. None of my friends ever told me that they'd read anything about him before. Sorry guys, I'm not going to tell you the whole lot about him here (biography, achievements etc..), so i suggest you to google his name and find some info. Right now, let's talk about his way of thinking and his humble life. He's an amazing businessman, philantropist, remarkable investor and a really down to earth billionaire.
According to the latest Forbes magazine 2008, Mr. Warren Buffett is now the RICHEST MAN ON THE PLANET, surpassing previous winner, the co-founder of Microsoft, Bill Gates, which topped the list for 13 years consecutively. His personal fortune jumped over $ 10 billion over the past year, for the total of $ 62 billion dollars!! Whooaa..can he sustain this achievement soon? I don't know what others will say, but for me, i'm sure that Mr. Buffett could go miles ahead of his competitors next year. Of course.
Why did i choose him as my No.1 business idol? Allright, here's the main reason. This kind-hearted and humble guy, had decided to donate 85% of his fortune to charity! Most of it to the Bill & Melinda Gates Foundation, which started in July, last year, and some more to Susan Thompson Buffett Foundation. As a Muslim, i really "puji" him for doing that. Tell me, how many persons that you know in Malaysia, were as kind as Warren Buffett, King Fahd of Saudi, the Sultan of Brunei, Bill Gates, John D. Rockefeller and Sir Henry Ford ?( just stating a few name here). Maybe you can count it by fingers huh? Some of them are:-
1) the famous Malaysian sports equipment retailer, "Al-Ikhsan Sports" owner, Mr. Ali Hassan
2) the founder of Yayasan Al-Bukhary, Tan Sri Syed Mokhtar Al-Bukhary (my 2nd business idol!)
3)Dato' Ameer Ali Mydeen , Mydin taukey!!
Those philantropist are all millionaires/billionaires, but donated so much of their money to charity by realizing that their help would lift up other's life. Hoping that more of wealthy and powerful Malaysians could follow they step soon. Amiiin....May Allah bless you all.
There was a one hour interview on CNBC with Warren Buffett, the 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 nothave 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.
7) He has given his CEO’s only two rules.
Rule number 1: Do not lose any of your shareholder’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 about 11 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 Buffett!!!
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.
Got what i mean now?? Think more and think deeply.. Some of these strategies could help you to achieve financial freedom soon. It's not tomorrow, but insya-Allah soon enough. That's all for now, i'm signing off..