Thursday, March 06, 2008

Warren Buffet

There was a one hour interview on CNBC with Warren Buffet,
the second richest man who has donated $31 billion to charity.
Here are some very interesting aspects of his life:

1. He bought his first share of stock at age 11 and he now
regrets that he started too late!
2. He bought a small farm at age 14 with savings from delivering
newspap ers.
3. He still lives in the same, small 3-bedroom house in midtown
Omaha that he bought after he got married 50 years ago. He says
that he has everything he needs in that house. His house does
not have a wall or a fence around it.
4. He drives his own car everywhere and does not have a driver
or security people around him.
5. He never travels by private jet, although he owns the world's
largest private jet company.
6. 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 a regular basis. He has given his CEO's only two rules.
Rule number 1: Do not lose any of your shareholder's money.
Rule number 2: Do not forget rule number 1.
7. He does not socialize with the high society crowd. His pastime
after he gets home is to make himself some popcorn and watch
television.
8. Bill Gates, the world's richest man, met him for the first time
only 5 years ago. Bill Gates did not think he had anything in
common with Warren Buffet. So, he had scheduled his meeting
only for half hour. But when Gates met him, the meeting lasted
for ten hours and Bill Gates became a devotee of Warren Buffet.
9. Warren Buffet does not carry a cell phone, nor have a
computer on his desk.

His advice to young people: 'Stay away from credit cards and
invest in yourself and remember:
A. Money doesn't create the man, man created money.
B. Live your life as simple as you are.
C. Don't do what others say. Just listen to them, but do what
makes you feel good.
D. Don't go on brand name. Wear those things in which you
feel comfortable.
E. Don't waste your money on unnecessary things. Spend on
tho se who really are in need.
F. After all, it's your life. Why give others the chance to rule
your life?'

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Monday, June 04, 2007

Why I hate American Airlines

A while back I wrote about my frustrations with American Airlines when the plane I was traveling in caught on fire.

I just received an email that truly is enraging. I was kindly notified that there is a change of a policy change in the way miles are now awarded and also that they will begin to expired within 18 months unless there is activity in my AAdvantage Card.

Since the fire incident I decided that I will not travel with American. About a month after the November 2006 fire incident, my cousin was in route to Miami, FL and her place was forced into an emergency landing as the pilot's windshield cracked open.

Recently, my boss was flying back from Chicago to CT and the right side engine in his place exploded during take off and they were lucky to be able to have a very skilled pilot to safely turn the jet around and land the plane.

It appears to me that this airline is simply bankrupt and they are making further cutbacks with the mileage program. American Airlines should apply this savings to new planes as obviously their planes are simply too old and are falling apart.

The bottom line is that if American Airlines truly wants to retain their customers they should be offering enhancements instead of announcing cutbacks. I have enough miles for several plane tickets and would rather see them go in the trash than to flight this defunct airlines. I recently had the joy of experiencing Jet Blue and let me tell you this folks, regardless of their past delay experiences during the spring ice storms in NY, have customer service down!!! I heard you can use miles to buy goods, but all I keep seeing is how to earn more miles, has anyone a clue as how I can rid myself of this miles and trade them in for some useful goods?

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