Warren Buffet

16 years ago

What a person?
I read about him in Yahoo news that he has donated 99% of his wealth to charity. Teamed up with Bill Gates for mobilising all the billionaires of the world to donate some of their welath to charities. Already enrolled 30 of them and still gpong on..
They are doing their part of Karma..

thanks
Jay

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talfighel

16 years ago

Originally Posted by Innercore

What a person?
I read about him in Yahoo news that he has donated 99% of his wealth to charity. Teamed up with Bill Gates for mobilising all the billionaires of the world to donate some of their welath to charities. Already enrolled 30 of them and still gpong on..
They are doing their part of Karma..

thanks
Jay

They know that when they give back or "TITHE", it will come back to them multiplied.

This is one of the best guarantees of prosperity ever known to man kind.

Bring the full tithes into the store house, that there may be food in my house; and thereby put me to the test, says the lord of hosts, if I will not open the windows of heaven for you and pour down for you and overflowing blessing.

I got that from a book and it makes so much sense.

Tal

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Mr. Subtle 16 years ago

Originally Posted by talfighel

They know that when they give back or "TITHE", it will come back to them multiplied.

Tithe means to give 10% to something... and in just about every case it means giving to a church.

Warren Buffett is a nonbeliever (an atheist) and is giving 99% of his wealth to Bill Gates' charitable foundation. Bill Gates, who is also giving a substantial portion of his wealth to his charity, is also a nonbeliever (an atheist).

Secular groups (in the U.S.) have been putting up billboards across the country, with one of them saying: You Can Be Good Without God. Buffett and Gates should be the "poster children" on these billboards.

.
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fypnlp

16 years ago

warren buffet still lives in the same house and the same neighbourhood for the last 50 years. He see no point in moving....He's happy where he is and knows his neighbours.

What a cool guy

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2d0k

16 years ago

I definitely LOVE his investing style!

Cool..

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Brandon Marcell 16 years ago

That enormous amount will help out the charities greatly. The man was a genius (anyone who's company's stock is so valuable that they only offer a limited number of shares for it about once or twice a decade is a genius in my opinion)!
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- ausmarketer 16 years ago
  
  The 'Oracle of Ohama'...RESPECT!
  
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Katharin 16 years ago

Originally Posted by 2d0k

I definitely LOVE his investing style!
Cool..

I agree... and the more he gives and helps others, the more he seems to be successful himself. Wonder where he'd be if he'd chosen to hoard all his money years ago instead of being a philanthropist?
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Enrico

16 years ago

If you guys want to learn more about him go to Youtube and type in: Warren Buffett Documentary. It's the first video!

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belgianguy 16 years ago

Originally Posted by Enrico

If you guys want to learn more about him go to Youtube and type in: Warren Buffett Documentary. It's the first video!

You can find the video here: Warren Buffet documentary: secrets revealed
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- imMindset 16 years ago
  
  Apparently he spends 90% of his time reading every day, and 10% on the phone. He's also very patient, and looks to make one GREAT investment per year (according to Eben Pagan).
  
  Here's an interesting document on him:
  
  http://www.tilsonfunds.com/BuffettVanderbiltnotes.pdf
  
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- Vogin 16 years ago
  
  It's good to know that there still are reasonable men out there.
  
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  Katharin 16 years ago
  
  Originally Posted by Vogin
  
  It's good to know that there still are reasonable men out there.
  
  Reasonable but extremely business savvy at the same time. Good combination, I think. Add the helping others and you have a picture of a very successful man in anyone's book. He knows when to move and he probably knows when people need a little shove, too.
  
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RedCouchReview

Banned 16 years ago

[DELETED]

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sellychan47 16 years ago

All : You're Right
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Andy H

16 years ago

Just for a moment, let's take Warren's quote and apply it to the context of what you are doing in IM...

Who are the people YOU are surrounding yourself with?...

Who are YOU imitating?...

How are YOU becoming better and better?...

You don't necessarily have to post your reply here, but at least give it some thought, won't you?

Andy.

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Nicklas12

16 years ago

Warren - my hero.

- Dont invest in things you dont understand.
- Invest in companies with good management

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tanya7zhou 16 years ago

The principles of giving are universal and irreversible. Anything beyond 10% is an offering and the combination of the two will guaranteed a windfall return to the giver.

Just like the law of gravity, law of cause and effect, etc; the law of giving works powerfully all the same.
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Rich Struck

16 years ago

He's an asshole. Research him a little bit and see how he treats the people around him.

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belgianguy 16 years ago

Originally Posted by Rich Struck

He's an asshole. Research him a little bit and see how he treats the people around him.

Yes, he is. He gives billions to charity and convinces other billionaires to do the same. I can't believe they let him get away with this!!!!
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skyjoe76

16 years ago

A down to earth person who doesn't talks about airy fairy stuff. He doesn't have a computer in his office. He doesn't use complicated software to do his analysis.
And he only do one thing all his life - value investing. That's why he got so good at it.

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paulie888

16 years ago

I think he's a really humble person that hasn't let his success go to his head. He still doesn't buy new cars (he thinks depreciated 2-3 year old cars are better buys), drinks Cherry Coca-Cola like it's going out of style and he still stays in the same house that he bought many years ago in Omaha. He's a small town boy that has risen to stratospheric heights and has kept his humility - how many billionaires out there can you truthfully say are as unaffected by wealth and fortune as he is? Just look at how the "poor" billionaires (who are only worth 10% or less than Warren) are spending their money, such as Donald Trump and the others like him.

Above all, he is a very astute investor who looks for true long-term value in all his investments, and this has kept him in good stead despite the roller coaster ride the economy has taken in recent years.

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Steve Prior

16 years ago

I have bought and read a book about Warren Buffet.

Remember a business associate saying to me that they wouldn't by a service unless that person was driving an Aston Martin....

I must confess I smiled a bit because Warren Buffet drove the same beat up old banger for years. He understood the time value of money and depreciating assets and would never dream of wasting cash on something that depreciates.

Warren Buffet rocks!

Regards

Steve

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thenextcameron

16 years ago

His kindness attitude brings richness to himself. He's so inspiring!

^_^

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direct_marketer

16 years ago

I think it's David Ogilvy that said - if each one of us hires people that are less than we are, we shall become a company of dwarfs - but if each one of us hires people who are better than us, we are destined to become a company of giants. Golden words.

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Gary Pettit

16 years ago

And his son Jimmy puts out some great music!

(Just joking. The two men are in fact not related at all: https://www.23andme.com/gen101/variation/buffett/)

But, true enough, his contributions have come in many forms; not just financial.