Learning from Warren Buffett

Last night, which featured in the show "Biography" is the profile of Warren Buffett, a legendary investor of the United States there.
For those who learn and make investments, especially stocks, his name certainly is not foreign anymore. Because Buffett is often linked and became one of the main reference investing strategy called Value Investing.
But in this paper I will not discuss about the strategy. Moreover, there are so many books and articles that specifically discuss it. Call it like "The Warren Buffet Way" by Robert Hagstorm, "The Intelligent Investor" by Benjamin Graham, Buffett and his teacher "Secrets of Millionaire Investors" written by Adam Khoo.
So, what can we learn from a Warren Buffett?
First, his generosity. America made a scene when he donated nearly 40 billion dollars of wealth had for the purposes of charity, a few years ago. According to the "Biography", it is the largest philanthropic action in history, exceeding donation ever given by Andrew Carnegie and John D. Rockefeller.
Second, how to educate their children, by not giving them their wealth legacy. This may be an option that could be contentious, but with a fortune of it had to be careful in passing.
Moreover, Buffett is known to be very careful and frugal with money. This feature is very prominent in the life and career.
He's someone who does not like luxury, so do not have yachts and luxury cars ala other millionaires-billionaires. He bought a house he lived in the 1950s, and remained there until now. Colleagues said Warren just put a little of what he produces with his money.
In investing, the cardinal rule is twofold: the unity "Do not lose your money", and the second "Do not forget rule no. 1 ".
Prominent features are probably typical of the people who were born and raised around the 1930's, during the Great Depression. Another character that I know also have features in common is Sam Walton, founder of Wal-Mart and Konosuke Matsushita, founder of Panasonic.
They all know it like to live in conditions of very limited / shortage / concerned and therefore money becomes very valuable even though only small change money.
Warren Buffett started to buy his first share at age 11 years, encouraged by his father. He was also happy to do business and doing various jobs to make money since childhood.
Mentioned that he had to collect and sort the bottle cap to be sold again, working as a deliveryman Washington Post newspaper, buy a pinball machine to be installed in places where hair shaving, and others. For him it's very fun to make money, so he was keen to make money. He does what he loves to do!
Warren's father once said that although the stock is really just paper, but it is a sign of ownership of a business. And because the background is a businessman Warren, then he always saw in investing, examine and analyze the first business that will be a place of investment.
He's not going to invest - or do whatever comes to money - without studying it first.
And he will not invest in businesses that he does not understand.
This approach is done diligently and consistently, over the years, the result now he's become one of the richest people in the world.
The last lesson we can get from Warren Buffett is you do not have to cheat to make money.
Warren's reputation and integrity in business and a very good investment, according to his colleagues he never committed acts of cheating, dirty and illegal.
This is a very important lesson for us all Indonesia: the richest man in the world is not a corrupt person, nor a businessman who cheated, dirty and breaking the law!
Corruption, doing business cheating, dirty and illegal would never make someone rich!