Warren Buffett is an American business magnate, investor, and philanthropist considered one of the most successful investors in the world. He developed an interest in business from a young age and graduated from the University of Nebraska, later attending Columbia Business School. Buffett created various business partnerships utilizing the value investing philosophy before acquiring Berkshire Hathaway and transforming it into a large holding company. Known as the "Oracle of Omaha," Buffett is renowned for his long-term investments in strong companies trading below their intrinsic value.
2. Warren Edward Buffett born August 30, 1930 is an American business magnate,
investor, and philanthropist. He is considered by some to be one of the most successful
investors in the world, and as of March 2017 is the second wealthiest person in the
United States, and the fourth wealthiest in the world, with a total net worth of $73.3
billion.
Born in Omaha, Buffett developed an interest in business and investing in his youth,
eventually entering the Wharton School of the University of Pennsylvania in 1947 before
transferring and graduating from University of Nebraska–Lincoln. After graduating at 19,
Buffett enrolled at Columbia Business School of Columbia University, learning and
eventually creating his investment philosophy around a concept pioneered by Benjamin
Graham–value investing.
He attended New York Institute of Finance to specialize his economics background and
soon after began various business partnerships, including one with Graham. After
meeting Charlie Munger, Buffett created the Buffett Partnership. His firm would
eventually acquire a textile manufacturing firm called Berkshire Hathaway and assume
its name to create a diversified holding company.
3. “Oracle of Omaha”
A nickname for Warren Buffett, who is arguably one of the greatest investors of all time. He is called the "Oracle of
Omaha" because his investment picks and comments on the market are very closely followed by the investment
community, and he lives and works in Omaha, Nebraska.
Breaking down of Oracle of Omaha
Warren Buffett is one of the richest men in the world. He built his fortune using a simple yet powerful investment
strategy. His investments are long-term positions, accomplished by the purchase of strong companies that are
trading well below their intrinsic value. Some of his most well-known investments include Coca-Cola and Gillette.
4. History of his contributions to literacy
(Secret Millionaires Club)
The Secret Millionaires Club was released on October 23,2011 - October
12,2014. All 26 episodes of the TV series were planned to air on Hub Network, but
only 22 episodes have aired after Secret Millionaires Club was removed on
October 12, 2014; a day before Hub Network was rebranded into Discovery
Family. The series did not return for the 2015–2016 season.
5. Effect of the “Secret Millionaires Club”
When asked why he started the Secret Millionaires Club, he said “There are a number of educational
programs out there, but there are not many programs that teach about Financial Literacy at an early age.
Secret Millionaires Club can help kids develop the right habits that will serve them well for the rest of their
life. If this program can have some effect on youngsters and help them develop better habits on money, it
can have a major impact on their life when they are older.”
Today, this television show has gained traction in America, teaching a wide audience of children about
money as well as good financial habits. When asked, he claimed that “it’s meant to provide a fun way for
kids to understand business and develop good habits from an early age”.