1.

WARRENBuffet

An Ideal Entrepreneur

Warren Buffet 1
“A Self made billionaire”

2
Warren Buffet
INTRODUCTION
Full Name
Warren Edward Buffett

Birth Date
August 30, 1930 (age 89)

Nick Name
"Oracle of Omaha“
Warren Buffet 4

"Sage of Omaha"
SOME INTERESTING

 ASPECTS OF HIS LIFE AND

LESSONS LEARNED

6
Warren Buffet
 TIME IS MONEY; DON’T WASTE
IT
 “At only six years old, Buffet purchased 6-packs
of Coca Cola from his grandfather’s grocery store
for 25 cents and resold each of the bottles for 5
cents, pocketing a 5 cents profit. While other
children were playing games, Warren was making
money.”

 He bought his 1st share at the age of 11 and he now

Warren
regrets that he started too late! 7
Buffet
PATIENCE IS A VIRTUE
 At 11 years old, he purchased three shares of Cities Service
Preferred at $38 per share. Shortly after buying the stock, it
fell over to just $27 per share. Warren held his shares until
they rebounded to $40. He promptly sold them – a mistake
he soon came to regret. Cities Service shot up to $200. The
experience taught him the basis lesson of investing:

 “Patience is a Virtue”

WARREN BUFFET 8
DON’T BUY MORE THAN WHAT YOU
REALLY NEED
He still lives in the same 3
bedroom house in mid-town
Omaha, which he bought after
he got married 50 years ago
for
$31,500 and is now valued at
approximately $700,000. He
says that he has everything he
needs in that house. His
house does not have a wall or
a fence.

WARREN BUFFET 9
BE ECONOMICAL
 He never travels by private jet, although he owns
the world largest private jet company named
NETJETS which is a subsidiary of Berkshire
Hathaway

 “Always think how you can accomplish things

economically!!!”
Warren
Buffet
10
ASSIGN RIGHT MANAGERS
FOR THE JOB
 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 regular basis.

 “Assign the right people for the right jobs”

Warren Buffet 11
SET GOALS AND COMMUNICATE
THEM

 He has given his CEOs only two rules.

 Rule # 1: Do not lose any of your share
holder’s money.
 Rule # 2: Do not forget the rule # 1.

“Set goals and make sure people focus on them”

Warren Buffet 12
DON’T TRY TO SHOW OFF

 He does not socialize with the high society crowd.

His past time after he gets home is to make himself
some pop corn and watch television.

 “Don’t try to show off, just be yourself and do what

you enjoy doing”

Warren 13
Buffet
AVOID MAKING
PRESUMPTIONS
 Bill Gates, the world richest man met him only 10
years ago. Bill Gates did not think he had anything
in common with Warren Buffet. So he had
scheduled his meeting for only half an hour. But
when Bill Gates met him, the meeting lasted for ten
hours. Bill Gates became a devotee of Warren
Buffet.

 “Don’t make presumptions and be open to all

possibilities”
Warren 14
Buffet
15

ADVICE TO YOUNG PEOPLE

 His advice to young people is to stay away form
credit cards to avoid spending beyond their means
and high interest cost in case of default in payment

 “Avoid bank loans and invest in yourself ”

02/01/201
Warren Buffet
6
WARREN BUFFETT
OFFICE TABLE

 NO COMPUTER
 NO ELECTRONIC GADGETS
 NO MOBILE PHONE
 Man of Simplicity
* NO SERVANTS
* NO BRAND NEW CARS & CELL PHONE
* SELF DRIVING
* OLD HOUSE
* $31 BILLION PLEDGE TO THE BILL
AND MELINDA GATES FOUNDATION.
22,02,30,51,00,000.00 INDIAN
RUPEES
 22
Warren Buffet 02/01/2016
Today’s Scenario
3. FACEBOOK
 Mark Zukerberg
 Facemash in 2003.
 Colorblind, Red &
Green Color Blind.
 Painter $60,000
instead taken stock
 Now it’s value is
$200 billion

1 billion is equal to 100 crores INR

German-born theoretical
physicist
developed the theory of
relativity
mass–energy
equivalence formula E=mc2
1921 Nobel Prize in
Physics.
 5. US – Vietnam War
1 November 1955 – 30 April 1975
(19 years, 5 months, 4 weeks and 1 day)
13th king of Mewar
Akbar's forces led
by Man Singh I of Amer.
1998 TATA INDICA LAUNCHED
 Got complaints in Engine
Modified & Launched after 1999
 Sales was boosted & exported to European
Countries
 1,50,000 cars sold in 2007
 Financial Crisis was aroused in 2008
 Land Rover & Jaguar was under Ford
 Decided to Sell those two brands
Ratan Tata came forward to purchased those
two brands with Rs. 15,000 crores
 From 2011 Jaguar & Landrover sales was
raised and now the half amount of profit from
thsse two brands to Tata Motors.
Now the Value of those brands Rs. 1,00,000
crores.
 8. Indian King Revenge on Rolls Royce

JAI SINGH PRABHAKAR MAHARAJA

9. Walt Disney
• At the Age of 7, he used to draw
sketches
•So Walt Disney decided to
choose drawing as his career.
• Got a Job as Sketcher in Kansas
City News Paper
• Lost his job due to lack of
Creativity
•steam boat willie is movie
directed by Walt Disney And
released in theaters.
• Famous Micky Mouse
Character.
• Became Rich after starting Walt
Disney Company.
 10. Elon Musk
 Where there is a risk , there is a
return!!
 His life is full of risks, born in
South Africa & migrated to USA.
 Enthusiastic in Science from
childhood
 Fonder of Paypal, SpaceX, Tesla,
Solarcity.
 SpaceX First rocket was blast after
33 Seconds
 At the same time, Tesla Roadstar
was failure. (Announced 300 Kms
once charged, but it stops after 80
Kmps)
 Another failure in SpaceX Second
Rocket & Third Rocket.
Spent all the amount earned till now in
Teslsa and other companies.
 Got Success in Fourth Rocket from SpaceX
 Got deal from NASA for delivering goods
to International Space Station (ISS).
 Became CEO to Tesla, Introduced TESLA
Model X. (designed to 1070 Kmps for once
charged)., Most Safety Car (5.4 / 5 Rating)
Increase in Tesla Shares around 1600%
 In future Driver less Cars from Tesla.
 Neuralink was established to connect
Human Mind with Computer
 Hyperloop was also introduced by Elon
Musk (Faster than Aeroplanes)
 He lived only with One Dollar earlier , but
now his assets are 127 Lakh Crores.
 11. Dr. A.P.J. Abdul Kalam
 The Man Who Taught Us to Be Human First!!

There were about 70 scientists working on a very hectic project.

All of them were really frustrated due to the pressure of work and the demands of their
boss but everyone was loyal to him and did not think of quitting the job

One day, one scientist came to his boss and told him – Sir, I have promised to my
children that I will take them to the exhibition going on in our township.

So I want to leave the office at 5 30 pm. His boss replied “OK, You’re permitted to leave
the office early today”.
The Scientist started working. He continued his work after lunch. As usual he got involved
to such an extent that he looked at his watch when he felt he was close to completion.
The time was 8.30 PM. Suddenly he remembered of the promise he had given to
his children.
He looked for his boss, He was not there. Having told him in the morning itself, he closed
everything and left for home.
Deep within himself, he was feeling guilty for having disappointed his children. He
reached home. Children were not there. His wife alone was sitting in the hall and reading
magazines.
The situation was explosive, any talk would boomerang on him.
His wife asked him “Would you like to have coffee or shall I straight away
serve dinner if you are hungry.
The man replied “If you would like to have coffee, I too will have but what
about Children ??” .Wife replied “You don’t know?? , Your manager came
here at 5.15 PM and has taken the children to the exhibition “.
What had really happened was …. The boss who granted him permission was
observing him working seriously at 5.00 PM. He thought to himself, this person
will not leave the work, but if he has promised his children they should enjoy
the visit to exhibition. So he took the lead in taking them to exhibition The boss
does not have to do it every time. But once it is done, loyalty is established.
That is why all the scientists at Thumba continued to work under their boss
even though the stress was tremendous.
By the way, can you hazard a guess as to who the boss was ?

He was none other than Dr. APJ Abdul Kalam . 

By placing Mangalyaan in the Mars orbit, India
joins the US, the European Space Agency and Russia
in the elite club of Martian explorers. China and Japan
have failed.
The Mars Orbiter Mission was achieved on a budget
of $74 million, nearly a tenth of the amount the U.S.
space agency NASA spent on sending the Maven
spacecraft to Mars.
Apart from India, no other country managed to
succeed on their first attempt. "We have gone beyond
the boundaries of imagination," said PM Modi.
After completing the 666 million km journey in
more than 10 months, the spacecraft will now study
the red planet's surface and scan its atmosphere.
The expected life of the craft is six months, after
which it will run out of fuel and will not be able to
maintain its orbit.
Mangalyaan, which is the size of a Tata Nano car, was
launched in November, 2013, aboard India's Polar Satellite
Launch Vehicle-C25 rocket.
The mission is meant to test India's ability to place a craft
in Martian orbit and technologies required for a future
interplanetary mission.
The Mars Orbiter first made several revolutions around the
Earth as it gathered enough velocity, and then it was shot
onwards to Mars.
Five solar-powered instruments aboard Mangalyaan will
gather data to help determine how Martian weather systems
work and what happened to the water that is believed to have
once existed on the planet in large quantities.
•Founded 1976, where started
Electronic Circuits to Personal
Computers
• Tough Competition from IBM, Inside
struggles
• Walked from Apple and started the
new company called “NEXT” &
PIXAR, Animation Company.
• Later Merged NEXT with Apple and
became CEO for APPLE.
• Introduced IPOD, IPhone, IPAD
• He doesn’t know even single line of
Program.
• Never have a single degree.
“Once there lived a deaf frog. This frog was really obsessed with climbing
trees but because he was too young, he thought he couldn’t do it. But one
day, his bursting enthusiasm got the better of him and he decided to climb
a tree anyway.
So he went to the jungle to make his dream come true. But when the other
frogs saw him going to the jungle, they followed him too. They were
concerned he would try to climb a tree and injure himself, therefore they
would try to stop him. However, when they reached there, he had already
started climbing a tree.
Once they saw him climbing a pretty tall tree, they started shouting and
jumping in order to stop him. This caught our frog’s attention and he
looked down to see all these other frogs jumping. However, because he
was deaf, he wasn’t able to listen to their warnings. He got excited and
thought they were there to support him, to cheer for him. He then starting
climbing even faster.
Each new branch that he reached, the frog below panicked more and
started to shout and jump even more than before.
But by now, the frog was so sure of their support that he
kept climbing like the tree like a pro. Each new branch,
they shouted ‘you can’t do it, come back down’, while
interpreted that ‘you can keep going’, and thus, he
climbed all the way up.
And once he was there, at the top of the tree, living his dream, the
frogs below were ashamed of their negative beliefs and therefore,
were silent. But they started shouting and jumping again, but this
to appreciate what our deaf frog had achieved!”

Moral of the story:

Have a deaf ear to the obstacles and negative comments, rather
use them as motivation to achieve your goals.
B.V.S.S. Subba Rao
Asst. Prof, Dept of MBA
SRK Institute of Technology.