Warren Buffett is an American
investor industrialist and philanthropist.
He is one of the most successful investors
in the world. Often called the “Investment
Guru” and “Oracle of Omaha”.
He is consistently ranked among the
world's wealthiest people and currently he
is the second richest person in the world
with $58.5 billion.
Buffett is also a notable philanthropist,
having pledged to give away 99 percent of
primarily via the Gates Foundation
He also serves as a member of the board
of trustees at Grinnell College.
CHILDHOOD: Even as a child, Buffett
displayed an interest in making and
saving money. He went door to door
selling chewing gum, Coca-Cola, or
weekly magazines. For a while, he
worked in his grandfather's grocery
store. While still in high school, he
COLLEGE: Wharton School of the University
of Pennsylvania (1947–49).
Buffett enrolled at Columbia Business
School after learning that Benjamin Graham
(author of "The Intelligent Investor” One of
his favorite books on investing) and David
Dodd, two well-known persons were taught
Buffett was employed from 1951–54 at BuffettFalk & Co., Omaha as an Investment Salesman.
1954–1956 at Graham-Newman Corp., New York as a
1956–1969 at Buffett Partnership, Ltd., Omaha as a
1970 – Present at Berkshire Hathaway Inc, Omaha as
its Chairman, CEO.
Other notable career success include helping rescue
Salomon Brothers from corporate raiders (1987)
and taking charge of the New York City house
(1992) in the wake of an insider trading scandal.
10 ways to get rich
Reinvest your profit
Be willing to be different
Never Suck your thumb
Spell out the deal before you start
Watch your small expenses
Limit what you borrow
Know when to quit
Assess the risk
Know what success really means
Buffett became a billionaire on paper
when Berkshire Hathaway began selling
class A shares on May 29, 1990, when the
market closed at $7,175 a share. In 1998,
he acquired General Re(Gen Re), (in a rare
move, for stock). In 2002, Buffett became
involved with Maurice R. Greenberg at AIG,
with General Re providing reinsurance.
Time Line of Buffet Achievements
1943: (13 years old)
Buffett filed his first income tax return, deducting his
bicycle as a work expense for $35.
1945: (15 years old)
In his senior year of high school, Buffett and a
friend spent $25 to purchase a used pinball
machine, which they placed in a barber shop.
Within months, they owned three machines in
1949: (19 years old)
In 1949, he was initiated into Alpha Sigma Phi
Fraternity while an undergraduate at the Wharton
Business School at the University of Pennsylvania
1950: (20 years old)
Buffett enrolled at Columbia Business School after
learning that Benjamin Graham and David Dodd
1979: (49 years old)
Berkshire began the year
trading at $775 per share, and
ended at $1,310. Buffett's net
worth reached $620 million,
placing him on the Forbes 400
for the first time.
1988: (58 years old)
Buffett began buying stock in
eventually purchasing up to 7
percent of the company for
Books by Warren Buffett
Essays of Warren Buffett
Thoughts of Chairman Buffett
Warren Buffett Speaks