Warren Buffet
The most successful investor and one of the most influential people in this world
Warren Buffet –the name is practically synonymous with his biggest success Berkshire Hathaway. He was born in 1930 as second son of the three children to Congressman Howard buffet who later on rose to be elected as first of the four terms in the United States Congress. Starting at the age of 11 he rose to become a successful entrepreneur with a net worth of about $66.4 billion.
Warren buffet is ….
1.Business Minded
Much of his early childhood days were enlivened with entrepreneurial ventures. Among his first ventures he used to sell chewing gum, Coca-Cola bottles and weekly magazines door to door. He used to spend hours in the customer lounge of a regional stock brokerage and paid a visit to New York Stock Exchange at the age of 10. He did his first investment at the age of 11. In 1941 he brought 3 preferred shares for himself and 3 for his sister at $38 which he sold at $40 later, however had he waited the prices soared to $200 very soon.
2.Knows money
While still in high school he made money doing small business and investments, on his first income-tax return he took $35 deduction on his bicycle. At 15 he used to make $175 monthly. In 1945 Buffet and his friend spent $25 to purchase a used pinball machine, which they placed in the local barber shop. Within months, they owned several machines in 3 different barber shops across the city. Later on they sold this “$25” business to a war veteran for “$1200”. By the time he finished college he had $90,000 as his savings.
3.Knows market
In 1962, Warren saw an opportunity to invest in a New England Textile Company called BERKSHIRE HATHAWAY and brought some of its stock. Warren began to aggressively buy shares after a dispute with its management convinced him that the company needed a change in leadership. He used Berkshire Hathaway as a holding company and bought National Indemnity Company –the first of many insurance companies he would buy and used its substantial cash flow to finance further investments.
4.Jack of all trades
As a value investor, Warren is a sort of Jack-of-all-trades when it comes to industry knowledge. Buffet saw Berkshire Hathaway as a company that was cheap and bought it, regardless of the fact that he was not an expert at textile manufacturing. Over the decades, Warren has bought, held and sold companies in a variety of different industries.
5.Patience
As warren buffet has himself said that “Shares are a way to transfer money from the impatient to the patient”. Warren buffet believes in holding on the shares till they ripe and does not get agitated over ups and downs in the market, instead believes in his instinct and waits patiently.
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Warren Buffet –the name is practically synonymous with his biggest success Berkshire Hathaway. He was born in 1930 as second son of the three children to Congressman Howard buffet who later on rose to be elected as first of the four terms in the United States Congress. Starting at the age of 11 he rose to become a successful entrepreneur with a net worth of about $66.4 billion.
Warren buffet is ….
1.Business Minded
Much of his early childhood days were enlivened with entrepreneurial ventures. Among his first ventures he used to sell chewing gum, Coca-Cola bottles and weekly magazines door to door. He used to spend hours in the customer lounge of a regional stock brokerage and paid a visit to New York Stock Exchange at the age of 10. He did his first investment at the age of 11. In 1941 he brought 3 preferred shares for himself and 3 for his sister at $38 which he sold at $40 later, however had he waited the prices soared to $200 very soon.
2.Knows money
While still in high school he made money doing small business and investments, on his first income-tax return he took $35 deduction on his bicycle. At 15 he used to make $175 monthly. In 1945 Buffet and his friend spent $25 to purchase a used pinball machine, which they placed in the local barber shop. Within months, they owned several machines in 3 different barber shops across the city. Later on they sold this “$25” business to a war veteran for “$1200”. By the time he finished college he had $90,000 as his savings.
3.Knows market
In 1962, Warren saw an opportunity to invest in a New England Textile Company called BERKSHIRE HATHAWAY and brought some of its stock. Warren began to aggressively buy shares after a dispute with its management convinced him that the company needed a change in leadership. He used Berkshire Hathaway as a holding company and bought National Indemnity Company –the first of many insurance companies he would buy and used its substantial cash flow to finance further investments.
4.Jack of all trades
As a value investor, Warren is a sort of Jack-of-all-trades when it comes to industry knowledge. Buffet saw Berkshire Hathaway as a company that was cheap and bought it, regardless of the fact that he was not an expert at textile manufacturing. Over the decades, Warren has bought, held and sold companies in a variety of different industries.
5.Patience
As warren buffet has himself said that “Shares are a way to transfer money from the impatient to the patient”. Warren buffet believes in holding on the shares till they ripe and does not get agitated over ups and downs in the market, instead believes in his instinct and waits patiently.
Return To Home
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