1. Warren Buffett – Berkshire Hathaway Inc.
Richard Chan – June 20th, 2012
Email: richchan@scarletmail.rutgers.edu
2. Warren Buffett
Born August 30, 1930 – 81 years old
Businessman, Investor, Philanthropist
Chairman and CEO of Berkshire Hathaway
Net Worth is roughly $44 billion as of 2012
Recommend for CEO lectures:
Strong Business Fundamentals
Personal Satisfaction in Life
Philanthropic Efforts
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3. Berkshire Hathaway Inc.
Multinational Conglomerate
Holding Company
Global 2000 List – 8th largest
public company in the world
Publicly quote stock whole
companies
Annualized growth rate 19.8%
over 46 years
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5. Strong Insights to Business Fundamentals
Tremendous discipline in
valuing businesses
A $1,000 investment at $8 per
share in 1960s = $15.4m today
Transcends from the school of
Benjamin Graham
“You don't need to be a rocket
scientist. Investing is not a
game where the guy with the
160 IQ beats the guy with 130
IQ”
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6. Personal Satisfaction in Career and Life
The best investment is the
one in yourself
Enjoy the normal without
the extravagant
$100,000 salary
“In my adult business life I
have never had to make a
choice of trading between
professional and personal. I
tap-dance to work, and
when I get there it’s
tremendous fun”
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7. Great Philanthropy
Pledged to give away 85%
of his wealth in 2006
Displayed extreme
frugality to give it all
Dislikes wealth transfer
"If you're in the luckiest
1% of humanity, you owe
it to the rest of humanity
to think about the other
99%"
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8. Closing
Full Recommendation on CEO Lecture Series
Warren Buffett can help us:
Strengthen our knowledge of business and finance
Appreciate our way of life and personal satisfaction
Engage our interest in philanthropy
…Continue to build on the tradition and legacy at RBS
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17. List of the Giving Pledge Campaign
Paul Allen Carl Icahn T. Boone Pickens
John D. Arnold and wife Laura Irwin M. Jacobs and wife Joan Julian Robertson
Nicolas Berggruen George Kaiser David Rockefeller
Michael Bloomberg Vinod Khosla and wife Neeru Edward W. and Deedie Potter Rose
Eli Broad and wife Edythe Sidney Kimmel David M. Rubenstein
Warren Buffett Richard Kinder and wife Nancy Herb and Marion Sandler
Steve Case and wife Jean Kenneth Langone and wife Elaine Denny Sanford
Leon G. Cooperman and wife Toby H.F. Lenfest and wife Marguerite Roger W. Sant and wife Vicki
Joyce and Bill Cummings Lorry I. Lokey Lynn Schusterman
Ray Dalio and wife Barbara George Lucas Walter Scott, Jr.
John Paul DeJoria Duncan MacMillan and wife Nancy Thomas Secunda and wife Cindy
John Doerr and wife Ann Doerr Alfred E. Mann Jim and Marilyn Simons
Barry Diller and Diane von Furstenberg Joe Mansueto and wife Rika Harold Simmons and wife Annette
Larry Ellison Bernie Marcus and wife Billi Jeff Skoll
Chuck Feeney Michael Milken and wife Lori Patrick Soon-Shiong and wife Michele Chan
Ted Forstmann George P. Mitchell Tom Steyer and wife Kat Taylor
Philip Frost and wife Patricia Tom Monaghan James E. Stowers and wife Virginia
Bill and Melinda Gates John Morgridge and wife Tashia Ted Turner
David Green and wife Barbara Dustin Moskovitz Sanford Weill and wife Joan
Jeff Greene Elon Musk Shelby White, widow of non-signatory Leon Levy
Harold Hamm and wife Sue Ann Pierre Omidyar and wife Pam Charles Zegar and wife Merryl Snow Zegar
Lyda Hill Bernard Osher and wife Barbro Mark Zuckerberg
Barron Hilton Ronald Perelman
Jon Huntsman, Sr. and wife Karen Peter George Peterson
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18. Additional Resources
The Essays of Warren Buffet: Lessons for Corporate
America by Lawrence Cunningham
Annual Berkshire Hathaway Reports by Warren Buffet
The Intelligent Investor by Ben Graham
Common Stock, Uncommon Profits by Phillip Fisher
Buffett: The Making of an American Capitalist by Roger
Lowenstein
The Snowball: Warren Buffett and the Business of Life by
Alice Schroeder
The Warren Buffett Way, Second Edition by Robert G.
Hagstrom, Kenneth L. Fisher and Bill Miller
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Berkshire now owns a diverse range of businesses including confectionery, retail, railroad, home furnishings, encyclopedias, manufacturers of vacuum cleaners, jewelry sales; newspaper publishing; manufacture and distribution of uniforms; as well as several regional electric and gas utilities.In 2010 CNBC, Buffett claimed that purchasing Berkshire Hathaway was the biggest investment mistake he had ever made, and claimed that it had denied him compounded investment returns of about $200 billion over the previous 45 years.
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.“The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
In support world health, malaria, HIV/AIDS, and tuberculosis
