Warren Buffet is A Billionaire Fakir

        A  Billionaire  Fakir

1. Who is Warren Buffet: Warren buffet is an 83 years old American Businessman, a Top class investor and philanthropist. One of the Richest person on earth buffet owns Berkshire Hathaway, a multinational company working in various fields Insurance services, Retail, Railroad, Confectionery, Textiles etc.

2. Why he is so famous:  The total net worth of buffet is 58.5 Billion dollars. Buffet is full of riches but his lifestyle is very simple, lives frugally and believes in ethics and philanthropy. In 2006 he announced to give away  99% of his wealth to philanthropic purposes and has given more than 31 Billion dollars to charity .

3. "Buffet” Work hard, Work smart: In childhood buffet used to to sell Chewing gum, Coca cola door to door. When he grew up, buffet started buying,selling, investing in stocks and shares. In 1962 buffet bought huge stocks of a dying textile company Berkshire Hathaway, and started to recover company from losses by diversifying in other businesses .In hands of buffet company rose to starry heights. According to Fortune 100 ranking of 2013, Berkshire Hathaway is 5th Largest company of the world.

4. Working philosophy of warren buffet: Buffet is considered one of the best investor of  20^th century. His mode of investing is called "Value investing". Value investing means searching the stock market and look out for those stocks who are undervalued in view of market & most of investors. A Value investor believes in his research about company and invests in these stocks to gain profits.

5. Famous quotes by Buffet: Following are some famous quotes of warren buffet:-

1. It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.

2. It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction.

3. Chains of habit are too light to be felt until they are too heavy to be broken.

4. Risk comes from not knowing what you're doing.

5. I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

6. You only have to do a very few things right in your life so long as you don't do too many things wrong.

7. There seems to be some perverse human characteristic that likes to make easy things difficult.

8. Risk is a part of God's game, alike for men and nations.

9. Be fearful when others are greedy. Be greedy when others are fearful.

10. No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant.