Bill Gates almost regrets being the world’s richest person, with about $50 billion. According to a short interview, he doesn’t like the visibility.
The interesting part of the interview is that the founder of Microsoft admits he has learned everything from Warren Buffett, who is now, thanks to Gates, the world’s second richest individual. The pupil has surpassed the master. Is there still time to learn from the Oracle, or has he lost his touch? Perhaps his principles still hold up:
* Stick to businesses you thoroughly understand.
* Avoid risk by only investing in companies whose future cash flows are certain.
* Only buy shares in companies if you expect above average returns.
* Only buy if you can get shares for less than they are worth.
* Concentrate on value, not price.
* Ignore short term market sentiment.
* Do not churn your portfolio.
* If you make a mistake, learn from it.
Thanks to Wealth Junkie for pointing me to the interview.
Updated February 6, 2012 and originally published May 3, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.