My lunch buddy passed me a book on the success story of Warren Buffett - the second richest person in the world, behind only Bill Gates. He is basically an investor on businesses. Despite his wealth, he is unassuming and lives in the same house at Omaha, Nebraska for the past 35 years. I could not locate his photo in his Berkshire Hathaway Website.
His Berkshire Hathaway Investment Fund has the stakes in Gillette, Coke and tonnes of traditional businesses. He wouldn't touch technology or dot com stocks. The growth rate of his investment fund is 24% per annum for the past 35 years. This is amazing.
Quotable quote:
"It takes a life time to build a reputation and fives minutes to ruin it"
His son who aspired to run for public office asked him one day: "Do you think voters would think less of you if you ran for political office and lost?"
His answer: "Not at all. People will respect you if you are willing to participate and put yourself on the line?
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