How we can become good humans.
It is the tendency of humans to admire some people in life and have them as role models. All of us have someone or the other whom we admire and tend to emulate. We want to follow them and be as successful in life.
In our growing up years we have our parents and teachers who are our role models. They teach us the difference between the right and the wrong. As we grow up and come to understand the world, our hero worship shifts towards movie stars and sportsperson. They may even be the President or the Prime Minister of our country.
The two persons I admire the most are Bill Gates and Warren Buffet. There are a number of reasons for this. And the common one is that they are great businessmen/investor and Philanthropists.
Everyone around the world has heard of these two great men. They were admired when they were rich and successful, but their philanthropic activities added even more to their number of followers.
Billions Of Blue Blistering Barnacles.
An exquisite delicacy or a hazard for the world.
The first time when I heard of Bill Gates was when I was in college and he had become the richest man in the world. He was all of 39 years of age at that time. His dream was to become a millionaire by the age of 30, but instead he had become a billionaire by 31 years of age.
A lot of people used to criticize Bill Gates for being a ruthless businessman but not only is he the single greatest businessman of the 20th century, but in the process of becoming that, he revolutionized the burgeoning computer/software industry. Microsoft Windows is still the default operating system in home computers and business workstations around the world. It was the vision of Bill Gates that changed the industry.
Some of his famous quotes on philanthropy are-
1) Effective philanthropy requires a lot of time and creativity- the same kind of focus and skills that building a business requires.
2) Is the rich world aware of how four billion of the six billion live? If we were aware, we would want to help out, we’d want to get involved.
3) Everyone knows about Black Friday and Cyber Monday. Now help me spread the word about giving Tuesday!
4) Philanthropy should be taking much bigger risks than business. If these are easy problems, business and government can come in and solve them.
After becoming the richest person in the world at a very young age, Bill Gates could have spent the rest rest of his life basking in the glory of his success and enjoying the remaining life. But he didn’t and along with his wife decided to give away most of his wealth.
They are not just content on solving the problems of the day but try to figure out where their donation can have the biggest impact. In doing this they have introduced better management and invested in things having long term impact-like agriculture,nutrition, sanitation and vaccines. His take-
‘Vaccines are miracles because giving children a couple of drops or a shot in the arm prevent some of the worst childhood diseases for a lifetime.’
The Bill and Melinda Gates foundation works with partners worldwide to tackle critical problems in five program areas:-
- The Global Health Division aims to reduce inequities in health by developing new tools and strategies to reduce the burden of infectious disease and the leading causes of child mortality in developing countries.
- The Global Development Division focuses on improving the delivery of high-impact health products and services to the world’s poorest communities and helps countries expand access to health coverage.
- The Global Growth & Opportunity Division focuses on creating and scaling market-based innovations to stimulate inclusive and sustainable economic growth.
- The United States Division works to improve U.S. high school and post-secondary education, and support vulnerable children and families in Washington State.
- The Global Policy & Advocacy Division seeks to build strategic relationships and promote policies that will help advance their work. Their approach to grant making in all five areas emphasizes collaboration, innovation, risk-taking, and, most importantly, results.
He changed the way we live and work with technological innovations and amassed one of the largest fortunes. But a more genuine reason to respect him is the way his foundation has made an impact on the world by saving lives. It is his devotion and charitable pursuits that is making this word a better place to stay.
Now the second person I would love to talk about is Warren Buffet. He has inspired the investing world and even inspired me in my investment decisions. Hence he is rightly the investment guru for the world.
Some of the quotes of this great person are-
“Wall Street is the only place that people drive to in a Rolls Royce to take advice from people who ride the subway.”
“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”
“If you aren’t thinking about owning a stock for ten years, don’t even think about owning it for ten minutes.”
“The difference between successful people and very successful people is that very successful people say “no” to almost everything.”
“Rule №1: Never lose money
Rule №2: Never forget Rule №1”
Millennial investors remain ardent fans of billionaire Warren Buffett and his investment strategies, but they also admire him for his social conscience and his down-to-earth personality. They trust the wisdom of his teachings, and his sense of humor. His success in choosing investments has led him into becoming one of the world’s richest men.
You can’t talk about stock market without mentioning the name of Warren Buffet. He bought his first stock at the age of 11 years, a very young age.
Not only Millennials, he has inspired Baby boomers and Gen-X too ,and is trusted like an uncle or grandfather. People are aware of his long public history where he has never been implicated in a scandal. In his own words:-
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you will do things differently.”
Even though he has been a billionaire for many years, his habits have not changed much. He lives in the same house he bought 50 years ago. He has an endearing quality of giving others credit and has always been able to surround himself with smart people.
Buffett has said he will give away more than 99% of his fortune, with the bulk going to the Bill and Melinda Gates Foundation, a charity founded by Buffett’s late wife Susan Thompson Buffett; and charities run by each of his three children.
The lessons we learn from the life of Bill Gates are-
1. Start as early as possible.
2. Be your own boss as soon as possible i.e. start your business at a very young age.
3. Don’t whine about mistakes, learn from them.
4. Be committed and passionate.This will ensure success.
5. Life is the best school, not university or college.
6. Life is not fair, get used to it. Some people less deserving than us may rise faster in life.
7. Be ready to take risks.
8. Be proud of who you are.
9. Be humble at all times.
10. Take things positively & love learning.
11. Accept failures & move on.
12. Share your success with others.
The lessons we learn from Warren Buffet are-
1. Spend wisely. This we can see from his life.
2. No one cares about your money as much as you do.
3. Do your homework: scan thousands of stocks.
4. Overcome your fear of risk. No gain without pain.
5. Focus on the long term. Not a few days.
6. Invest in quality businesses which you can hold onto for many years.
7. Don’t worry about the fact that you are going to fail.
8. Be patient; wait until everything is in your favor to invest.
9. Continuous learning is required to have any achievement in the world.
10. Conduct yourself in life so other people trust you.
11. Don’t give your kids the idea they are special, just because their parents are rich or powerful.
We should be thankful to both the billionaires for inspiring the world into contributing towards charity. They have inspired other billionaires to open their purse in their service to humanity. Warren Buffet is our common hero. Every time we make a good investment we are thankful to him for his teachings. It is the duty of every individual to contribute to charity so that the disadvantaged persons too can rise in life.