I am careful not to confuse excellence with perfection. Excellence I can reach for. Perfection is God’s business. (Warren Buffet)
Warren Buffet, who is among the richest persons (Mukesh Ambani, Calos Slim Helu, and Bill Gates) and has donated $31 billion to charity, shared some interesting aspects of his life and advice for young people during an interview on CNBC:
- He bought his first share at age 11 and he now regrets that he started too late!
- He bought a small farm at age 14 with savings from delivering newspapers.
- 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.
- He drives his own car everywhere and does not have a driver or security people around him.
- He never travels by private jet, although he owns the world’s largest private jet company.
- 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.
- 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.
- Money doesn’t create man; it is the man who created money.
- Live your life as simple as you are.
- Don’t do what others say, just listen to them, but do what you feel good.
- Don’t go for brand name; just wear those things in which you feel comfortable.
- Don’t waste your money on unnecessary things; just spend on those who really are in need.
- After all it’s your life so why give chance to others to rule your life.
In Warren’s one of the suggestions to young generations, “…but do what you feel good,” they are advised to follow their own instincts or perhaps listen to their inner voice. Do you think this is good advice? Why or why not? Express your own point of view by giving reasons and or/examples from your own experiences, observations or reading.

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