What's the Advice from one of the richest people living?

This is an excellent article from The Warren Buffet. Who is he!!!!!

The World's Billionaires
#1 Warren Buffett
03.05.08, 6:00 PM ET

Stephanie Kuykenal/Bloomberg News/Landov

Age: 77 

Fortune: self made 

Source: Berkshire Hathaway 

Net Worth: $62.0 bil 

Country Of Citizenship:United States 

Residence: Omaha, Nebraska, United States, North America 

Industry: Investments 

Marital Status: widowed, remarried, 3 children 

Education: University of Nebraska Lincoln, Bachelor of Arts / Science 
Columbia University, Master of Science 
America's most beloved investor is now the world's richest man. Soared past friend and bridge partner Bill Gates as shares of Berkshire Hathaway climbed 25% since the middle of last July. Son of Nebraska politician delivered newspapers as a boy. Filed first tax return at age 13, claiming $35 deduction for bicycle. Studied under value investing guru Benjamin Graham at Columbia. Took over textile firm Berkshire Hathaway 1965. Today holding company invested in insurance (Geico, General Re), jewelry (Borsheim's), utilities (MidAmerican Energy), food (Dairy Queen, See's Candies). Also has noncontrolling stakes in Anheuser-Busch, Coca-Cola, Wells Fargo. Insurance operations flourished in 2007. "That party is over. It's a certainty that insurance-industry profit margins, including ours, will fall significantly in 2008." The Oracle of Omaha issued a challenge to members of The Forbes 400 in October; said he would donate $1 million to charity if the collective group of richest Americans would admit they pay less taxes, as a percentage of income, than their secretaries. Had long promised to give away his fortune posthumously. Irrevocably earmarked the majority of his Berkshire shares to charity in 2006, mostly to the Bill & Melinda Gates Foundation. Gift was valued at $31 billion on day of announcement; donation will far exceed that sum so long as Berkshire shares continue to rise.

Value Your Time

To realize The value of a sister Ask someone Who doesn't have one.  To realize The value of ten years: Ask a newly Divorced couple. To realize The value of four years: Ask a graduate. To realize The value of one year: Ask a student who Has failed a final exam. To realize The value of nine months: Ask a mother who gave birth to a stillborn. To realize The value of one month: Ask a mother who has given birth to  A premature baby. To realize The value of one week: Ask an editor of a weekly newspaper.  To realize The value of one minute: Ask a person Who has missed the train, bus or plane. To realize The value of one-second: Ask a person Who has survived an accident. Time waits for no one. Treasure every moment you have. You will treasure it even more when you can share it with someone special. To realize the value of a friend or family member: LOSE ONE. The origin of this letter is unknown, But it brings good luck to everyone who passes it on. Do not keep this letter.  Peace, love and prosperity to all! Remember..... hold on tight to the ones you love!

F1 Race

Hello... 

Its been some thing like a week now that I haven't written anything on my blog.. its been crazy working on different things at work and hardly anytime to check out any thing other than work at all.. 

Well interestingly last couple of days I was busy at Sepang F1 circuit where I was surprisingly able to get hold of concessionary tickets & enjoy the race from a very short distance.

The following statement can precisely explain situation concisely:

"The thing always happen that you really believe in, and the belief in a thing makes it happen"

- Frank Loyd Wright

I had thought of going for the F1 since long time almost 4-5 years but everytime some or the other thing use to happen. This time my brother -in-law planned for coming down specially to see the F1 and this gave me a reason to look forward to go for F1.

I was scouting for the tickets & getting a good bargain and luckily I bumped into a friend whom I had not met for past 3-4 years & he happened to be related to the F1 event in some way & he told me he could do something for me.. & he DID!!!

So there we were myself, my wife, my brother-in-law & my son attending the F1 race & having a good time.. The sound was deafening at the F1 & we were not prepared on the pre-qualifying day. My son was scared of the loud sound & this prompted us to take some action to get him comfortable or then ask him & my wife to stay at home. But then we got these headsets which were meant to close the sound off the cars by wearing them & once aadi(my son) wore them he was enjoying the race & the headsets.

All in all it was fun, an experience, hectic but finally exciting last couple of days for us all.. Do we look forward to race next year.. Well you never know..