Who is Warren Buffett?
Period of Warren Buffett he was an American businessman and one of the richest men in the world. He is the CEO and the most significant shareholder of Berkshire Hathaway, and is known as the most successful investor of the twentieth century.
Where he lived?
Warren Edward Buffett was born on August 30, 1930, in Omaha, Nebraska to Howard and Leila Stahl Buffett. His father worked as an American congressman. Warren started learning about business at a very young age and mastered the art of both money and trade.
Why Warren is Different Compares other kids and School life
While other kid’s age was busy playing, he was focused on earning money. He would sell different item door-to-door and also worked at a grocery store owned by his grandfather. Buffett started his elementary education at the Rose Hill Elementary School. He graduated from Woodrow Wilson High School in 1947.
Even as a high school student, Buffett managed to earn a good amount of money. He took many odd jobs like selling stamps, golf balls and delivering newspapers. He saved money and invested it in stocks.
What Are the Interests of Buffett? When he bought his first share ?
Buffett’s interest in stock exchange grew; he’d bought his first shares by the age of eleven. One valuable thing he learned from his first investment was patience. He’d bought three shares for himself and his sister. However, soon after he bought the stock its price fell. Buffett sold the shares but soon come to regret his decision. The same share’s price shot up.
At the University of Nebraska
Buffett attended the University of Nebraska to pursue his higher studies. He graduated with a Bachelor of Science degree, followed by a Master of Science from the University of Columbia in 1951. He also attended the New York Institute of Finance to learn Business.
First Job of Buffett and he saved the thousands dollars
By the age of twenty, Buffett had saved over thousands of dollars. Buffett’s first proper job was at his father’s company, Buffett-Falk & was a student at Columbia University; he met Benjamin Graham, from whom he learned about investments. He was ready to work for Graham for free, but was not offered a job after his training was complete.
Why Benjamin called Buffett and became a Millionaire for the first time
However, in 1954 Benjamin Graham called him up again and a partner, but in 1956 Graham retired and ended the partnership.By the time Buffett was 26, he had saved a considerable amount of money. In 1957, he opened Buffett Partnership Ltd., an investment partnership in Omaha. Buffett’s family members and friends invested in his business. During 1960, he was engaged in seven partnerships. In 1962, Buffett became a millionaire for the first time.
Investment in Fabric Company and what is the biggest investment of Buffett
Buffett made an investment in a fabric company, Berkshire Hathway, and took control of the company. In 1973, he bought stocks in the Washington Post Company and soon became a member of the board.
Buffett’s reputation as a businessman was so well-established that once news spread about him buying a certain stock. Its price would shoot up. Buffett bought a majority of Coca-Cola Company’s shares in 1988. It proved to be one of his best investments.
How Became a Richest Person in the world ?
Owing to his constant hard work, he had become the richest person in the world by 2008. Before him, Bill Gates had been at the top for thirteen years. Another significant investment that contributed to his success was in IBM in 2011. Buffett had purchased IBM shares worth a million dollars.
Awards and Achievements of Buffett
Buffett was presented with the presidential Medal of Freedom by President Barack Obama in 2010 for his brilliance in the investment business, but also for his charity work. In 1981, Buffett donated a huge share of his company to charity.
In 2006, he donated half of his earnings from Berkshire Hathaway to five charity foundations, including the Bill and Melinda Gates Foundation. This was the biggest donation they had ever received.
Conclusion : –
Warren Buffett is the perfect role model for young entrepreneurs. He sends a clear message of vision, mission, focus and hard work. In 2018, he planned to establish a new health care company.
Buffet’s aim in business is to find ways to cut costs with a primary focus on technology. Buffett has managed to turn poor investments into pure gold. For this, he is known as the Oracle of Omaha.