KLJUC, Bosnia and Herzegovina: Far from the glitzy racetracks where legendary drivers made their mark in the world of Formula One, Himzo Beganovic has turned his dreams of speed into reality along the dirt roads of northwestern Bosnia.
“I always wanted to own a Formula One car, to have it in front of the house, to be able to go for a spin,” Beganovic told AFP, as he tuned up a replica “Ferrari red” race car outside his home near the Bosnian town of Kljuc.
The 36-year-old mechanic bought the car from another racing superfan in the capital Sarajevo last year.
The replica, which took two years to build, remains a ramshackle mock-up, crafted with sheet metal — a far cry from the advanced carbon fiber used in the multimillion-dollar cars of Formula One teams.
Despite Beganovic’s limited means, he still hopes to make his car more efficient, bit by bit.
Since purchasing the vehicle, he has been methodically making tweaks to its exterior, while nursing hopes of one day replacing its engine.
Along with a more powerful motor, Beganovic hopes to install an automatic gearbox and better tires.
“When you drive Formula One, you feel like you are flying. It is not like a car,” he said.
“It is the only one in Bosnia-Herzegovina. There are no others.”
A self-professed lover of “fast driving” and taking “dangerous turns,” Beganovic has been turning heads along Bosnia’s mountain roads where he reaches speeds of up to 200 kilometers per hour (124 miles per hour).
Other times he simply parks the car in a popular area and lets people check it out.
“I sometimes put it on a trailer to take it to other places in the country. People come, photograph it, and ask questions,” he said.
“The feeling is indescribable.”
For Beganovic, there was no question of what color the car would be.
As a longtime fan of seven-time world champion Michael Schumacher, the Ferrari-red paint pays tribute to the driver who won five titles with the famous Italian team.
Since the legendary German champion’s skiing accident in 2013 in the French Alps, Beganovic said he has yet to find another driver that interests him as much.
With Schumacher in mind, he hopes to put an Audi V-8 engine into his car soon.
“When a German engine and Bosnian ingenuity combine, you get an Italian car,” laughed one of Beganovic’s neighbors.
Bosnian Formula One fan brings speed dreams to the mountains
https://arab.news/mvrda
Bosnian Formula One fan brings speed dreams to the mountains
- The 36-year-old mechanic bought the car from another racing superfan in the capital Sarajevo last year
- Since purchasing the vehicle, he has been methodically making tweaks to its exterior, while nursing hopes of one day replacing its engine
Some Warren Buffett wisdom on his last day leading Berkshire Hathaway
OMAHA, Nebraska: The advice that legendary investor Warren Buffett offered on investing and life over the years helped earn him legions of followers who eagerly read his annual letters and filled an arena in Omaha every year to listen to him at Berkshire Hathaway’s annual meetings.
Buffett’s last day as CEO is Wednesday after six decades of building up the Berkshire conglomerate. He’ll remain chairman, but Greg Abel will take over leadership.
Here’s a collection of some of Buffett’s most famous quotes from over the years:
___
“Be fearful when others are greedy, and greedy when others are fearful.”
That’s how Buffett summed up his investing approach of buying out-of-favor stocks and companies when they were selling for less than he estimated they were worth.
He also urged investors to stick with industries they understand that fall within their “circle of competence” and offered this classic maxim: “Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.”
___
“After they first obey all rules, I then want employees to ask themselves whether they are willing to have any contemplated act appear the next day on the front page of their local paper to be read by their spouses, children and friends with the reporting done by an informed and critical reporter.
“If they follow this test, they need not fear my other message to them: Lose money for the firm and I will be understanding; lose a shred of reputation for the firm and I will be ruthless.”
That’s the ethical standard Buffett explained to a Congressional committee in 1991 that he would apply as he cleaned up the Wall Street investment firm Salomon Brothers. He has reiterated the newspaper test many times since over the years.
___
“You only find out who is swimming naked when the tide goes out.”
Many companies might do well when times are good and the economy is growing, but Buffett told investors that a crisis always reveals whether businesses are making sound decisions.
___
“Who you associate with is just enormously important. Don’t expect that you’ll make every decision right on that. But you are going to have your life progress in the general direction of the people you work with, that you admire, that become your friends.”
Buffett always told young people that they should try to hang out with people who they feel are better than them because that will help improve their lives. He said that’s especially true when choosing a spouse, which might be the most important decision in life.
___
“Our unwavering conclusion: never bet against America.”
Buffett has always remained steadfast in his belief in the American capitalist system. He wrote in 2021 that “there has been no incubator for unleashing human potential like America. Despite some severe interruptions, our country’s economic progress has been breathtaking.”
