Download as PDF, PPTX
More Related Content
Warren Buffett
- 1.
- 2. The start • Paper boy at age 14 • Placed 3 pin ball machines in stores during high school • University of Pennsylvania then University of Nebraska‐Lincoln after high school for a BS in economics • Made first million dollars at age 32 from investing
- 3. The Path to Success • Bought many companies, including ones such as Fruit of the Loom, Coca Cola, and Geico • Saw potential to make a lot of money • Steers clear of companies that specialize in subjects he has little knowledge of like technology.
- 4. Berkshire Hathaway • Main big wig company, Berkshire Hathaway‐ stock rose 4000 fold over past 40 years. • Started at $18 per share, now worth over $124,400 per share • Went from textiles to insurance, then added the cash cow Geico Insurance
- 5. The philosophy • He will never buy stock in a company and sell right away like most • Buy then wait, he will wait forever for the price to rise • Never increases salary more than $100,000 because million dollar salaries, in his mind, were the cause of economic downturns which can be seen today. • Openly criticizes and blames all CEOs, CFOs, and COOs with large salaries and bonuses for the economic recession
- 6. Buffett Gives Back • “you can’t take it with you” • In order to level the American playing field, he will give 99% of his 44 billion dollars to charities when he dies and leave only $5 million to each his children. • 12.1 million dollars a year to charities as of now • 85 percent of his current wealth is to be donated to Bill and Melinda Gates Foundation to help find cures for disease.
- 7. Even More Money Than One Could Ask For • One day in 1999, Buffett donated 134 million dollars to a single charity • 1.5 billion dollars a year to Bill and Melinda Gates Foundation.