1- You are not at your best unless you find what makes you the best
2- Spend more time in private than in public 3- Never ever beg for attention 4- A day should not pass you without a goal in your life 5- Do not watch your ideas, wake and work for your idea 6- Respect time or be disrespected by time 7- Your dreams and aspiration in life should never be small 8- You must not contact the virus of self-defeat 9- Respect people "Pride is not strength, Pride is an enemy" 10- Gratitude (Be grateful) - Dr. Derrick Samuels
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Warren E. Buffett is an American business investor, magnate and philanthropist. He is also the most successful investor of the 20th Century and also nicknamed “LEGENDARY INVESTOR” and the “Oracle of Omaha”. Buffet is currently the Chairman and CEO of Berkshire Hathaway and its biggest shareholder. He is also the third richest person in the world with net worth of $72.7 Billion according to the forbes top 500 billionaires list word wide.
Warren Edward Buffett was born in 1930 in Omaha, Nebraska, United States of America. Buffett is the only son of Leila and congressman Howard Buffet. In 1947, Buffett graduated from Woodrow Wilson High School, where his senior yearbook picture reads: “likes math; a future stockbroker.” Warren Buffett started showing interest in business and investment at a very young age where as he was selling chewing gums, coca-cola bottles and weekly magazines door to door. On a trip to New York City at age ten, he made a point to visit the New York Stock Exchange. At 11, he bought three shares of Cities Service Preferred for himself, and three for his sister Doris Buffett (founder The Sunshine Lady Foundation). While still in high school, he made money delivering newspapers, selling golf balls and stamps, and detailing cars, among other means. Buffett made more than $175 monthly delivering Washington Post newspapers. In 1945, Buffett and a friend spent $25 to purchase a used pinball machine, which they placed in the local Barber shop. Within months, they owned several machines in 3 different barber shops across Omaha. The business was sold later in the year for $1,200. In high school, he invested in a business owned by his father and bought a 40-acre farm worked by a tenant farmer. He bought the land with $1,200 of his savings. By the time he finished college, Buffett had accumulated a princely sum of more than $90,000 in savings measured in 2009 dollars. He went to University of Nebraska-Lincoln where at nineteen, he graduated with a Bachelor of Science in Business administration. After being rejected by Havard Business School, He went to Columbia Business School and earned a Master of science in economics in 1951. After being rejected by Ben Graham(was on the board of GEICO insurance at that time) to work on Wall Street, he went back to Omaha and taught an “investment principles” night class at University Of Nebraska-Omaha. During this time, he purchased a Sinclair Texaco gas station as a side investment but it was not successful. In 1954, he accepted a job at Benjamin Graham's Partnership. In 1956, Ben Graham retired and closed his partnerships. Buffett had $174,000mof personal savings at that time and started Buffet Partnerships. In 1957, Buffet operated three partnerships and purchased a five bedroom Stucco house in Omaha, where he still lives for $31,500. He later on operated 7 partnerships and became a member of board in Sanborn Map Company. Warren Buffett made his first million in 1962 because of his partnerships which had an excess of $7,178,500 of which over $1,062,000 belonged to Buffett. In the same year he started buying shares in a textile manufacturing firm, Berkshire Hathaway. In 1965, Buffett took control of Berkshire Hathaway. He claimed that textile business has been his worst trade, he then diversified/moved the business into the insurance sector. In Brief, Berkshire Hathaway became an over $200 Billion company because of the boy that started by selling Chewing Gums, Coca-Cola Bottles and delivering weekly magazines door to door. So never be discouraged because “the future is trapped within you”- Myles Monroe. Written by M.V.Rhsa What do you see in the above picture?
The man in that picture is a successful entrepreneur who created a ride sharing company but you will be surprised when you'll know what inspired him. Logan Green is the co-founder and CEO of Lyft, a peer-to-peer ride sharing company, which he founded with John Zimmer in 2012. Lyft operates in more than 60 cities in the U.S. with more than 10 million shared rides taken to date.Lyft grew out of Zimride, a ride share company previously founded by Green and Zimmer in 2007. In April 2014 Lyft closed a $250 million round of financing, bring the total raised by Lyft and Zimride since 2007 to $330 million. Lyft has 240 employees and operates in 60 U.S cities. Green said, "I was inspired by what I saw African entrepreneurs do to solve transport problems, whilst traveling in the African country of Zimbabwe. I thought to myself, why don't we do that in America?" Green was a young tech entrepreneur interested in finding a solution for the transport problems he saw in his hometown of Los Angeles, a densely populated California city of almost 4 million people. He wondered why so many people, including himself, wasted so much time stuck in traffic jams. He concluded it was because each car on the road carried just one or two passengers, especially in morning and evening rush-hour traffic. "Why can't people share cars when going in the same direction?" he wondered. Then, whilst traveling on holiday in Zimbabwe, Green noticed that cars coming from high density townships were always full, and asked why: "We give each other lifts!" one Zimbabwean driver explained. "You mean it's a kind of ‘ride share’?" "Yes!" "Do they charge?" "Yes, of course, we charge each other." The young entrepreneur headed back with this idea to solve an American problem. His solution was to build a software "App" which helps you find a "lift" from someone driving in your direction! In 2006 Green co-founded his first ride-sharing company, Zimride, which grew to become the largest ride-sharing community across the USA! In 2013 Zimride was acquired by Enterprise, a large international rental car agency. In 2012 he co-founded his new company, Lyft, which this year was already valued at about $2.5bn by top investors! What do you get from this? In life, all the challenges we meet/face in life, they are also great opportunities for us. Have a vision in life. |
AuthorI created this blog to help the youth to know their purpose and their talents/potentials by learning from the life experiences of others. Archives
January 2017
"Luck is when preparation meets opportunity" |