There was a one hour interview on CNBC with Warren Buffet, 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 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.
7. He never holds meetings or calls them on a regular basis. He has given his CEOs 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 pastime after he gets home is to make himself some popcorn 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”, and Remember:
A. Money doesn't create man but it is the man who creates money.
B. Live your life as simple as you can.
C. Don’t do what others say, just listen to them, but do what you feel good.
D. Don’t go on brand names; just wear those things in which you feel comfortable.
E. Don’t waste your money on unnecessary things; just spend them on who are really in need, rather.
F. After all it’s your life; then why do we give a chance to others to rule our lives.
There is more treasure in books than in all the pirate's loot on Treasure Island. -Walt Disney-
Showing posts with label Thought. Show all posts
Showing posts with label Thought. Show all posts
Saturday, July 9, 2011
Monday, June 13, 2011
Good News or Bad News?
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| AP Photo/Eddie Kolenovsky |
Roberto deVincenzo, the famous Argentine golfer, once won a tournament, and after
receiving the check and smiling for the cameras, he went to the clubhouse and prepared to
leave. Sometime later he walked alone to his car in the parking lot and was approached by a
young woman. She congratulated him on his victory and then told him that her child was
seriously ill and near death.
DeVincenzo was touched by her story and took out his pen and endorsed his winning
check for payment to the woman. “Make some good days for the baby,” he said as he pressed
the check in her hand.
The next week he was having lunch in a country club when a PGA official came to his
table. “Some of the guys in the parking lot last week told me you met a young woman there
after you won the tournament,” deVincenzo nodded. “Well,” said the official, “I have news for
you. She’s a phony. She’s not married. She has no sick baby. She fleeced you, my friend.”
“You mean there is no baby who is dying?” said deVincenzo.
“That’s right.”
“That’s the best news I’ve heard all week,” said deVincenzo.
Good news or bad news? It depends on how you see
things. You can be bitter after cheated. Or you can
choose to move on with your life..
***
He was begging me and said,"Mister, I'm sorry to stopped to you but could you lend me RM10. You see my motorbike's tires went flat. I need to change my tire but I don't have enough money. Can you please lend me some money."
Of course, I don't dare to go open my door to see how flat his tire was. But, I said,"I don't have so much money but I could lend you some." I opened my wallet and lend him RM5. He was so grateful and promised to return my money but I asked him to donate to the temple or charity organization. I was relieved not because I able to avoid myself been robbed but I able to helped those in need.
Well, I believe there are a lot of swindlers especially in KL but what if the Indian guy really need the money. Maybe in other people's perception, I'm a very stupid guy but you will never understand how the feeling of helping other people. Satisfaction is the best word to describe it.
When I donated RM1 to the beggar, everyone started to look at me as I was cheated by the 'kesian-ness' of the beggar. I believe not most of us are lucky enough to live in a good environment, eat three meals a day, have own transportations, surfing Internet at home for 24 hours without need to worry where to find money to buy the next meals.
You can be bitter after cheated but for me,I choose to move on with my life.
Good night.
Friday, April 15, 2011
Wednesday, April 13, 2011
It's called the "Triple Filter Test"
In ancient Greece, Socrates was a great philosopher and
widely acclaimed for his wisdom. One day, a friend ran up
to him excitedly and said, "Socrates, do you know
what I just heard about one of your students called Plato?"
"Wait a moment," Socrates replied. "Before you tell me anything,
I' would like you to answer a few test questions.
It's called the Triple Filter Test".
―Triple filter?" asked the friend.
"That's right," Socrates continued. "Before you talk to me about my student, I am going to ask you three questions.
The first Filter is Truth. Have you made absolutely sure
that what you are about to tell me is true?"
"No," the man said, "actually I just heard about it and..."
"All right," said Socrates. "So you are not sure if it's true or not."
Now let's try the second filter, the Filter of Goodness.
Is what you are about to tell me about my student something good?
"No, on the contrary..." said the man.
"So," Socrates continued, "you want to tell me something bad about him, even though you're not certain it's true?"
The man shrugged, a little embarrassed.
Socrates continued. "You may still pass the Triple Filter test though,
because there is a third filter - the Filter of usefulness.
Is what you want to tell me about my student going to be useful to me?"
"No, not really..."
"Well," concluded Socrates, "if what you want to tell me is neither True nor Good, nor even Useful, why tell it to me at all?"
The man was defeated and ashamed.
widely acclaimed for his wisdom. One day, a friend ran up
to him excitedly and said, "Socrates, do you know
what I just heard about one of your students called Plato?"
"Wait a moment," Socrates replied. "Before you tell me anything,
I' would like you to answer a few test questions.
It's called the Triple Filter Test".
―Triple filter?" asked the friend.
"That's right," Socrates continued. "Before you talk to me about my student, I am going to ask you three questions.
The first Filter is Truth. Have you made absolutely sure
that what you are about to tell me is true?"
"No," the man said, "actually I just heard about it and..."
"All right," said Socrates. "So you are not sure if it's true or not."
Now let's try the second filter, the Filter of Goodness.
Is what you are about to tell me about my student something good?
"No, on the contrary..." said the man.
"So," Socrates continued, "you want to tell me something bad about him, even though you're not certain it's true?"
The man shrugged, a little embarrassed.
Socrates continued. "You may still pass the Triple Filter test though,
because there is a third filter - the Filter of usefulness.
Is what you want to tell me about my student going to be useful to me?"
"No, not really..."
"Well," concluded Socrates, "if what you want to tell me is neither True nor Good, nor even Useful, why tell it to me at all?"
The man was defeated and ashamed.
Sunday, November 21, 2010
90 / 10 Principle - by Stephen Covey (English and Chinese version)
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