Last June, the head of a Chinese investment fund submitted a winning bid of US$ 2.1 Million during an annual charity auction on Ebay to share a meal with Warren Buffet at NYC's Smith & Wollensky Steakhouse. The proceeds went to the Glide Foundation of Rev. Cecil Williams, the same Reverend who gave shelter to a homeless man named Chris Gardner and appeared in the " Pursuit of Happyness " movie with Will Smith.
I guess you can't go wrong following and seeking the words of wisdom of the world's richest man and acknowledged stock market guru. Congress sought his advice with regards to the $ 700 Billion Bailout Plan, The Terminator Arnold has him as his financial adviser for California, and lately, he also has the ears of Barack Obama.
Warren Buffet is the epitome of a self-made man. He did not inherit his wealth like Donald Trump. He actually calls scions of great wealth " members of the lucky sperm club ". One of his first businesses was a paper route at the age of 13. Believe it or not, he filed an income tax return citing his bicycle as an expense.
For all his net worth, Warren Buffet is a simple man living a simple life. Unfortunately, when the phrase " A Simple Life " is mentioned, images of Paris Hilton and Nicole Richie crops up in our minds. He still lives in the same house in Omaha that he bought 50 years ago. He owns the world's largest private jet company but travels commercially, preferring to always look for a more economical way of doing things.
Warren Buffet applied for Harvard Business School in his younger days but was turned down. A great lesson for all of us about never allowing ourselves to be told what we could not do. There would be no Rocky if Stallone listened to everyone who thought he was stupid. There would be no reality shows on television if Mark Burnett listened to everyone who thought he was crazy pitching a show called " Survivor ".
Warren Buffet has that gift of investing in the stock market, same as the legendary Peter Lynch of the Fidelity Fund. Warren Buffet is no vulture like the Ivan Boesky's of Wall Street. He has been accumulating shares of rail companies during the last couple of years. Will Amtrak play a big role in the future of transportation, only Warren knows.
In less than 4 weeks, Warren Buffet could become the financial adviser of the most powerful man in the world. A great human being and a man for others.
