Warren Buffett Biography
Warren Buffett is an American Business person, investor, speaker and philanthropist who serves as the chairman and CEO of Berkshire Hathaway. He is known to be the most successful investor in the world. Warren Buffet was born and brought up in a place called Omaha, Nebraska. When he was a youth Warren Buffet developed an interest in business and investing. Before transferring and graduating from the University of Nebraska at the age of 19 he had joined Warthon School of the University of Pennsylvania in 1947.
Warren Buffet before entering into a business partnership he attended New York Institute of Finance to focus his economics background including one with Graham.Warran created Buffett partnership after meeting Charlie Munger, and eventually acquired a textile manufacturing firm called Berkshire Hathaway and assumed its name to create a diversified holding company.
He is the largest shareholder and a chairman to Berkshire Hathaway since 1970 this made him acquire the name “Wizard” ,”Oracle” or “Sage” of omaha by global media outlets. He is adherence to value investing and for his personal frugality despite hims immense wealth. According to the research published at the University of Oxford it characterized Buffett’s investment methodology as falling within “Founder centrism”. He concentrated investments shelter managers from the short-term pressures of the market.
Buffet was noted to be a philanthropist having pledged to give away 99 percent of his fortune to philanthropic causes, Primarily via the Bill and Melinda Gates Foundation.
He is the founder of The Giving Pledge in 2009 with Bill Gates. He is also active contributing to political causes, having endorsed Democratic candidate Hillary Clinton in the 2016 U.S presidential election, he has publicly opposed the policies, actions and statements of President Donald Trump.
Warren Buffet started to work at Buffett-Falk and Co.in 1951 to 1954 as an investment Salesman, in 1953 to 1956 he also worked as a securities analyst;
Warren Buffett Birth Day| Warren Buffet Age
Warren born on August 30, 1930 in Omaha, Nebraska in U.S, he is 89 years old as of 2019.
Warren Buffett Height
He stands at a height of 1.78 m.
Warren Buffett Family
Warren is a son to Leila (nee stahl) and Congressman Howard Buffet. He was in a place called Omaha , Nebraska. He is the second of three children and the only son in his family.He has two sisters Doris Buffett (founder of The Sunshine Lady Foundation and Roberta Buffett and also a grandson to Howard Warren Buffett.
Warren Buffett Wife | Warren Buffett Children
Warren Used a diminutive instruments to get his first wife who had a boyfriend, he has been praying the instrument ever since but it was unsuccessful since his music interest was a key part of his becoming a part of Susan Thompson life, which led to their marriage. After marrying her they had three children together that is Susie, Howard and Peter. In 1977 the couple started living separately though they were still married. In July 2004 Susan Thompson died. One of their daughter Susie lives in Omaha, is a national board member of Girls and does charitable work through the Susan A Buffett Foundation. Warren married his second wife Astrid Menks in year 2006 when he was 76th birthday while she was 60 years old.
Warren Buffett Childhood|Warren Buffett Young
Warren is a self made billionaire. He entered into business when he was five years old and at 11 years old he purchased his first stock. Warren was inspired by his favorite book “one Thousand ways to make $ 1000 which taught him the value of compound interest. When he was young he worked tirelessly at various gigs like collecting the refund from recycling Coke bottles, delivering newspapers and selling lemonade, demonstrating his unrelenting work ethic.
Warren kept his track record for smart investments. He had a reputation for making smart bets on horse races, he also created tip sheets at his local racetrack, and burgeoning love statistics which were noticed by his peers
Warren Buffett Education
Warren started school in 1942 at Rose Hill Elementary School, he then moved to Alice Deal Junior School after his father was elected to the first of four terms in United States Congress and moved to Washington with his family. He graduated in 1947 from Woodrow Wilson High School where his senior year book picture was written “Likes math; a future stockbroker”
After completing high school and getting success with his side entrepreneurial and investment ventures he wanted to go directly into business but his father overruled him and he had to join college first.
After completing high school Warren Joined Wharton School of the University of Pennsylvania in 1947 where he enrolled due to pressure from his father. Warren studied there for two years where he joined the Alpha Sigma Phil fraternity. He graduated from University of Nebraska at 19 years with a bachelor of Science in Business Administration where he had transferred.
Warren was rejected by Harvard Business School and enrolled at Columbia Business School of Columbia University he attained a Master of Science in Economics from Columbia in 1951 and after he graduated he decided to join The New York Institute of Finance.
Warren Buffett Career | Warren Buffett Investments
Warren started to work in 1951 at Buffet-Falk and Co. as an investment salesman up to year 1956.He also worked from 1954 to 1956 at Graham-Newman corp as a securities analytist ; in 1956 to 1969 he worked at Buffet Partnership, Limited as general partner, he started working as Chairman and CEO of Berkshire Hathaway inc. in 1970.
Warren Buffet operated three partnership in 1956, in 1959 the total number of partnership Warren was operating were five, the company later grew to six partnership and by 1960 he was operating seven partnership.
Warren used one of his partner who was a doctor to find ten other doctors who were willing to invest $10,000 each in partnership and eleven agreed and Warren pooled their money with a mere $ 100 original investment of his own.
Warren did not stop creating partnership, in 1961 he revealed that 35% of the partnership were invested in the Sanborn Map Company. He said that in 1958 Sanborn stock sold for only $ 45 per share but the investment portfolio for the company was worth $ 65 peer share which meant that Sanborn’s map business was being valued at “minus$ 20.”Warren Buffet ended up purchasing 23% of the company’s outstanding shares as an activist investor,where he became one of the Board of Directors and joined other dissatisfied shareholders to control 44% of the shares.
To avoid unnecessary fight, the Board offered to repurchase shares at fair value where they paid with a portion of its investment portfolio. The 77% outstanding shares were turned in. In just two years Warren Buffett had obtained a 50% return on investment.
Warren Buffett Company|Berkshire Hathaway
Warren controls and is a leader to Berkshire Hathaway company . He serves as chairman and chief executive, while Charlie Munger is the Vice chairman of the company. Warren Berkshire on his early part of his career at Berkshire he focused on long-term investments in publicly traded companies, but recently he has been purchasing whole companies. The company now owns a diverse range of businesses including confectionery, retail, home furnishings, railroads, and encyclopedias which manufactures vacuum cleaners, jewelry sales, newspaper publishing, manufacture and distribution of uniforms, and several regional electric and gas utilities.
Berkshire Hathaway in Forbes Global 2000 is listed and formula, is the largest public company in the world, is also the ninth largest conglomerate by revenue and the largest financial services company by revenue in the world. Berkshire Hathaway has acquired large holdings in the major US airline carriers since 2016, and is currently the largest shareholder in United Airlines and Delta Air lines, and also a top three shareholder in Southwest Airlines and American Airlines.
Berkshire Hathaway is the seventh largest company in the S$P 500 index by market capitalization and is known to have the most expensive share price in history with class A share costing around $ 300,000 each.
Warren in 1984 had stated that they would be no stock split which he never intended to do. Berkshire Hathaway started as textile manufacturing company. it was established in 1839 by Oliver Chace as the Valley Falls Company in Valley Falls, Rhode Island. In 1929 this is when Valley Company merged with Berkshire Cotton Manufacturing Company in Adams, Massachusets to form Berkshire Fine Spinning Associates. Berkshire fine Spinning Associates merged with the Hathaway Manufacturing Company in 1955 to create Berkshire Hathaway.
It is was Headquartered in New Bedford, it had fifteen plants employing over 12,000 workers with over $ 120 million.
Warren Buffett Net Worth
He has an estimated net worth of US$82 billion as of July 2019 and is considered one of the most successful investors in the world , making him the third wealthiest person in the world.
Warren Buffett Portfolio| Warren Buffett Holdings
Warren Buffet investment Portfolio is closely watched more than others. it has remarkable record track of outperforming the S$P. Many investors have been trying to analyze his stock picks, and hoped to get inside his mind to glean a morsel of his investment genius. Warren Buffett has always been transparent because he has never veered from his most fundamental principle of buying great companies at good prices and hold them forever. Warren Buffets top five holdings have several things in common that is they are big and well-run with. They have strong balance sheets, and they generate a lot of cash that they return to shareholders through dividends.
Warren Buffett Home | Warren Buffet House
Warren purchased a five-bedroom stucco house in Omaha for $31,50, where he still lives with his wife Astrid Menks and three children, Susie, Howard and Peter. for $31,500. He also owns a $4 million house in Laguna Beach, California.
Warren Buffett House
Warren Buffett Lifestyle
Buffett lives a modest lifestyle despite him being a billionaire a net worth of around $87 billion. He purchased a five-bedroom house in Omaha in 1958 for $31,500 and he lives there up to today. Buffett doesn’t spend his money on electronics and reportedly doesn’t carry a cell phone or have a computer at his desk.Apr 23, 2018
Warren Buffett Books
- The Essays of Warren Buffett : Lessons for Corporate America, Warren Buffett and Lawrence A. Cunningham, The Cunningham Group; revised edition (April 11, 2001), ISBN 978-0-9664461-1-1
- The Essays of Warren Buffett: Lessons for Corporate America, Second Edition, Warren E. Buffett and Lawrence A. Cunningham, The Cunningham Group; 2nd edition (April 14, 2008), ISBN 978-0-9664461-2-8
Warren Buffett Quotes
- Someone is sitting in shade today because someone planted a tree a long time ago.
- In the business world, the rear-view mirror is always clearer than the windshield
- predicting rain doesn’t count. Building arks does.
- Price is what you pay value is what you get
- Chains of habit are too light to be felt until they are too heavy to broken.
- Its better to hang out with people better than you. Pick out associates whose
- Behavior is better than yours and you’ll drift in that direction.
- The investor of today does not profit from yesterday’s growth.
- Derivatives are financial weapons of mass destruction.
- We always live in an uncertain world. What is certain is that the United States will go forward over time.
- Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. well’l break out of it. It takes time.
- We are still in a Recession. We’re not gonna be out of it for a while, but we will get out.
Warren Buffett Shares
Buffett began buying stock in Berkshire Hathaway when he noticed a pattern in the price direction of its stock whenever the company closed .
Warren Buffett Strategy
- Warren Buffett goes to quality investing. He can’t pay a low price for a mediocre company he would rather pay fair price for a great company.
- He does not keep cash on hand since it is not an important concept in value investing.
- He believes in investing what he understands and have stable or predictable products for the next 10 – 15 years he always avoid technology companies.
- He invest in a bigger and wise way so he does it like he is buying the entire company.
- Investing in long term value is what he goes for since he understands the power of exponential growth. Companies which have sustainable profits can pay and grow .
Warren Buffett Foundation
Warren Buffett Fund
When He was in a secondary school made money delivering newspapers, selling golf balls and stamps, and detailing cars, among other means like working in his grandfather’s grocery store . On his first income tax return in 1944, Buffett took a $35 deduction for the use of his bicycle and watch on his paper route He also invested in a business owned by his father and bought a land.
In 2007, legendary investor Warren Buffett made a $1 million bet against. chairman and largest shareholder of Berkshire Hathaway since 1970. Warren Buffett has man Partnership with different companies like Sanborn Map Company making him a millionaire.
Warren Buffett Philanthropy | Warren Buffet Charity | Warren Buffett Donations
Warrent Buffett is known to be the most charitable American billionaire, according to a new analysis.
The giving of Warren Buffett, according to Chronicle of PHilanthropy since 2000 it indicated that their charity has a share of their total wealth.
He Topped the list having given away more than $46 billion since 2000 which is the 71 % of his $46.5 billion fortune.
Warren Buffett has donated over $30 billion to charity, of which $24.5 billion went to the Gates Foundation.Jul 17, 2018. He is also active contributing to political causes.
Warren Buffett Newspapers
- Lee Enterprises in Davenport, Iowa, will run Berkshire Hathaway’s newspapers and digital sites in a five-year agreement.
- Berkshire Hathaway will continue to own BH Media, the publisher of the Omaha (Nebraska) World-Herald, the Waco (Texas) Tribune-Herald and the Richmond (Virginia) Times-Dispatch, among others.
- Shares of the company, which have a $161 million market value, jumped 18 percent on Tuesday after the deal with Buffett was announced.
Warren Buffett Health | Warren Buffet Cancer
During his routine test Warren Buffet was diagnosed with stage 1 prostate cancer. In July he begun his two months radiation treatment, regarding to his letter to shareholders Warren Buffett said he felt great as if he was in his normal excellent health and his energy level is 100 percent, later on September 15, 2012 Buffett announced that he had completed the full 44-day radiation treatment cycle, saying that it was a great day for him and he was glad to say that it is over.
Warren Buffett Fortune
Warren Buffett a chairman and CEO of Berkshire Hathaway, has $87 billion fortune. Warren Buffett, has a net worth of $87.1 billion. His birthday is on Thursday, August 30, he will turn 88 years old. Buffett is known to be a generous philanthropist having given away more than $27 billion in the last decade.Aug 30, 2018