Warren Buffett bought Microsoft stock after meeting Bill Gates and made a $37 billion acquisition thanks to a chance encounter. Here are his 10 best quotes from an interview in a new book.



Warren Buffett wearing a suit and tie: Warren Buffett, co-chair of the 10,000 Small Businesses Advisory Council, takes part in a panel discussion following a news conference announcing a $20 million partnership to bring Goldman Sachs' 10,000 Small Businesses initiative to the city of Detroit, Michigan, November 26, 2013. REUTERS/Rebecca Cook


© REUTERS/Rebecca Cook
Warren Buffett, co-chair of the 10,000 Small Businesses Advisory Council, takes part in a panel discussion following a news conference announcing a $20 million partnership to bring Goldman Sachs’ 10,000 Small Businesses initiative to the city of Detroit, Michigan, November 26, 2013. REUTERS/Rebecca Cook

  • Warren Buffett gave investing advice to Bob Woodward, purchased Microsoft stock after meeting Bill Gates, and struck a $37 billion deal thanks to a chance meeting, he told David Rubenstein in “How to Lead: Wisdom from the World’s Greatest CEOs, Founders, and Game Changers.”
  • The famed investor and Berkshire Hathaway CEO also touched on railroads, his annual shareholder letters, his retirement plans, and his company’s future in the interview with the co-executive chairman of The Carlyle Group.
  • Scroll down to read Buffett’s 10 best quotes from the discussion.
  • Visit Business Insider’s homepage for more stories.

Warren Buffett gave investing advice to investigative journalist

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Bill Gates Learned at an Early Age This Lesson That Takes Most People a Lifetime. Some People Never Do

You can say what you want about Bill Gates, but it would be hard to argue that he hasn’t experienced success. He’s one of the wealthiest people on earth, having co-founded one of the world’s most valuable companies. He now spends his time giving away all of that money to causes like eradicating polio. His is not a bad resume. 

A lot of that accomplishment comes from a simple lesson Bill Gates learned early on in his life. I think it’s worth looking at, especially since it’s something many people take a lifetime to learn, if they ever do at all.

Most of us assume that it is, which means everything that isn’t success must be failure. But the opposite of success isn’t failure. Or, it doesn’t have to be. And, that’s a distinction that can make all the difference. Unfortunately, it’s one that many people never learn to make.

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Trump’s stimulus bill bombshell puts new pressure on an ailing economy. Here’s the latest

President Donald Trump’s call for an end to stimulus negotiations on a new stimulus bill presented a new wrinkle in the story of the country’s economic recovery from the deep financial fissures of the ongoing coronavirus pandemic. His tweet a few hours later urged Congress to pass several of the stimulus measures that had been part of those very discussions. Neither political analysts nor many of the millions who’ve suffered financial calamity on account of the pandemic seem to know what to make of the president’s messaging.



a pair of scissors: Americans are cutting back on spending as they plan for a recession that might not end until the coronavirus pandemic is over. Angela Lang/CNET


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Americans are cutting back on spending as they plan for a recession that might not end until the coronavirus pandemic is over. Angela Lang/CNET



a pair of scissors


© Angela Lang/CNET


The stimulus package that had been under negotiation was expected to include a second stimulus check and renewed enhanced unemployment benefits. Without it, many of those hit hardest by the

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Legendary tech investor Bill Gurley says today’s markets remind him of the dot-com bubble



Bill Gurley wearing a suit and tie: Reuters


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Reuters

  • Legendary tech investor Bill Gurley told CNBC on Friday that the stock market reminds him of the late ’90s dot-com bubble. 
  • “There is certainly what I would call a highly speculative nature to the markets today, a willingness to take on risks, a willingness to get excited about projects that may be five or 10 years in the future,” the Benchmark partner said. 
  • Other investors like Stanley Druckenmiller have drawn similar conclusions about today’s technology stocks. 

Legendary venture capitalist Bill Gurley told CNBC on Friday that the stock market reminds him of the late-1990s tech trading environment that led to the dot-com bubble.

“There is certainly what I would call a highly speculative nature to the markets today, a willingness to take on risks, a willingness to get excited about projects that may be five or 10 years in the future, that we haven’t seen since the

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‘Inclusion of NAAS, TAAS, and Farmers’ Union recommendations in Pesticides Management Bill 2020 will render it science-based and pro-farmer’ – brand post

The Pesticides Management Bill 2020 (PMB) that was tabled in the Rajya Sabha during budget session is a great opportunity for the Government to include the experts’ recommendations of the National Academy of Agricultural Sciences (NAAS) and the Trust for Advancement of Agricultural Sciences (TAAS), which were prepared after comprehensive consultation with all stakeholders, including farming community.

The Pesticide Management Bill, 2020, is a long-overdue law in the making since 2008. It will replace the old Insecticides Act, 1968. Considering advances in the modern pest management sciences and the effects of synthetic pesticides in our food, nutrition, health, wealth, and environment security, the Pesticide Management Bill should bring India’s pesticide sector in line with the latest global norms, with a robust Regulatory System.

Prof R.B. Singh, Former President, National Academy of Agricultural Sciences (NAAS), said, “The PMB in the present form is not based on scientific facts and does not

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Businesses Could Pay $1 Trillion Biodiversity Bill

As the United Nations Summit on Biodiversity meets on Wednesday, governments and businesses are being urged to commit to ambitious new targets.

“We have failed to meet any of the biodiversity targets we set in Japan 10 years ago,” UN Secretary General António Guterres told the virtual Leaders’ Pledge for Nature on Monday. “We need a new biodiversity framework.”

The new framework the UN Convention on Biological Diversity has in mind is to place 30% of the Earth’s surface under conservation status by 2030. This would almost double the amount of land and sea currently under protection.

On Monday, prime ministers of the U.K. and Canada, Boris Johnson and Justin Trudeau, said their countries would commit to protecting 30% of their land and sea by 2030.

Others are expected to follow suit on Wednesday (30 September) as leaders meet virtually for the United Nations Summit on

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Work from home culture to continue post COVID-19 but technology has to improve: Bill Gates



Bill Gates wearing a suit and tie: Work from home culture to continue post COVID-19 but technology has to improve: Bill Gates


© India Today Group
Work from home culture to continue post COVID-19 but technology has to improve: Bill Gates

Microsoft co-founder and billionaire philanthropist Bill Gates has said that work from home culture will remain prevalent even after the COVID-19 pandemic ends. Gates said that the WFH has worked well for some people and hoped that it would continue post-pandemic too.

“But once this pandemic ends, we will rethink on what percentage of time we spend in offices… 20, 30, 50 per cent. Lots of companies will expect their employees to spend well below 50 per cent of their time in offices and maybe the rest of the companies will go the normal way,” Gates said during an online business summit held by The Economic Times.

Talking about his own experience, Gates said he it’s an eye-opening year for him as he got time to do “much more”. The billionaire

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Rajya Sabha passes Indian Institute of Information Technology Laws (Amendment) Bill 2020

New Delhi [India], September 22 (ANI): Rajya Sabha on Tuesday passed a Bill to declare five newly established Indian Institutes of Information Technology (IIITs) as institutions of national importance.
The Bill–Indian Institutes of Information Technology Laws (Amendment) Bill, 2020– seeks to declare five IIITs in Public-Private Partnership (PPP) mode at Surat, Bhopal, Bhagalpur, Agartala and Raichur as institutions of national importance along with existing 15 IIITs.
The said Bill has already been passed by Lok Sabha in the previous session on March 20, 2020. The Bill was introduced in the Upper House by Education Minister Ramesh Pokhriyal Nishank and was passed on Tuesday.
“The Bill will declare 5 IIITs in Public-Private Partnership mode at Surat, Bhopal, Bhagalpur, Agartala & Raichur as Institutions of National Importance by granting them statutory status along with the already existing 15 IIITs under the IIIT(PPP) Act, 2017,” Pokhriyal said in a tweet.
“IIIT Laws (Amendment)

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RS passes the Indian Institutes of Information Technology Laws (Amendment) Bill; SP joins session boycott



a person standing in front of a building: Parliament LIVE Updates: RS passes the Indian Institutes of Information Technology Laws (Amendment) Bill; SP joins session boycott


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Parliament LIVE Updates: RS passes the Indian Institutes of Information Technology Laws (Amendment) Bill; SP joins session boycott

11:30 (IST)

Rajya Sabha LATEST Updates

Rajya Sabha dy chairman offers tea to protesting MPs; Modi says gesture shows his ‘big heart’

The sit-in protest by eight suspended MPs on Parliament premises continued for the second day on Tuesday, with Rajya Sabha Deputy Chairman Harivansh Singh offering them tea in the morning.

The suspended parliamentarians spent the night in the lawns near Mahatma Gandhi’s statue, a first such overnight protest in the Parliament complex, old-timers said.

Prime Minister Narendra Modi said Harivansh Singh’s gesture was proof of his greatness.

Read full article here…

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Parliament proceedings live updates| Rajya Sabha passes the Indian Institutes of Information Technology Laws (Amendment) Bill

Eight Opposition Rajya Sabha MPs, who were suspended by the House on Monday, have begun an indefinite sit-in protest within Parliament, even as the 15 non-NDA parties have appealed to President Ram Nath Kovind not to give assent to the two farm Bills passed in the Upper House on Sunday.

The Opposition leaders will be marching to the President’s House on Tuesday.

The Parliament, which was initially scheduled to end on October 1, will wind up on September 23 taking into account the increasing number of COVID-19 cases.

Here are the latest updates:

11.15 am | Rajya Sabha

The Education Minister begins his reply to the debate

He thanks the members for their suggestions. He assures Kamakhya Prasad Tasa that the government is committed to ensuring good education in the northeast. He says it is the government’s aim is to take more institutions from India to the global education scene.

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