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Warren Buffet Success Story

Warren Buffet Success Story

Warren buffet

Warren Buffet is considered an American business magnate and investor. He is currently the CEO of Berkshire Hathaway. He is also considered the most successful investor in the world. He has a net worth of almost 100 billion dollars. He is also considered the richest person in the world.
Warren Buffet was born in 1930 in Omaha, Nebraska. He is the only son of mother Leila and father Howard. He began his education at rose hill elementary school. At a very young age, he was interested in business and investment. He also does some business in his childhood.
At the age of 7 seven, he borrowed one book from the public library and that book really inspire him. Buffett sold chewing gums, magazines door to door, and also bottles of coca-cola, golf balls, and stamps. At the age of 12 twelve, he read every book he could find about business and investment.
He also worked at his grandfather's grocery store and save his money to buy a pinball machine. In 1945 Buffett and his friend spend 25 dollars to buy a pinball machine and they placed that pinball machine in the local barbershop. Their idea was for the customers to have fun and playing while waiting for their haircut. This idea is great and in the first week they earned up 25 dollars to buy another pinball. Within a month they purchased several machines from a barbershop in three different barbershops across Omaha. The business was sold later in the year for 1200 dollars to War Veteran.
From an early age, he is interested in stock, and his father Mr. Howard Buffett also have a brokerage firm. At the age of 11, he was interested in stock trading and he invested everything he earned at the age of 6 with that small business. When he was a teenager he was inspired by a book called intelligent investor by Benjamin graham. This is a book that tells us not to make emotional decisions in business.

“Price is what you pay and value is what you get”.

“The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.”

“It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

At the age of 13, he purchased three shares of cities service preferred 38 dollars per share for him and his older sister Doris. After buying the stock it fell over 27 dollars per share. Warren held his shares until they rebounded to $40. He promptly sold them—a mistake he would soon come to regret. Cities Service shot up to $200.
In 1947 warren Buffett graduated from high school. He doesn’t want to go to college but his father has different plans for his son. He attended Alice deal junior’s high school. His father urged him to attend Wharton Business School at the University of Pennsylvania.
Buffett only stayed there for almost two years and made a complaint that he knew more than his professor. He returned home to Omaha and then transferred to the University of Nebraska-Lincoln. He managed to graduate in three years. He was finally persuaded to apply to Harvard business school but they reject him because he is too young. He transferred to the University of Nebraska at the age of 19. He graduated with a Bachelor of Science in Business Administration. He earned a Master of Science in Economics from Columbia in 1951.
Warren Buffett worked as the investment salesman at Buffett Falk and co from 1951 to 1954. He always wants to learn new things from his ideal which is Benjamin graham. In 1952 he was about 22 years old and married to Susan Thompson at Dundee Presbyterian Church. In the same year, he discovered that his ideal person Graham was on the board of GEICO (Government Employees Insurance Company) he wanted to work for his ideal person graham for free. But at this time graham refused.
In 1954 he got a call from graham himself and at that time he accepted a job at the Benjamin graham. His starting salary is 12000 dollars a year which is about 116000 dollars today. There he works very closely with Walter Scholes. Graham was a tough boss. He works there from 1954 to 1956. He worked as a securities analyst at Graham-Newman Corp.
In 1956 graham retired and closed his partnership. At this time the warren Buffett's personal saving is 174000 dollars which is about 1.6 million dollars today with this he started a Buffett partnership in the same year. In 1956 Buffett operated three partnerships he purchased a five bedrooms house in Omaha. Where he still lives for 31500 dollars.
In 1958 he operated five partnerships. In 1960 warren Buffett's operated seven partnerships. He asked his partner a doctor to find ten other doctors who are willing to invest 10000 dollars in his partnership. Then eleven agreed and Buffett pooled their money with $100 original investment of his own.

“Without passion, you have no energy without energy you have nothing”.

“If you buy things you do not need, soon you will have to sell you need”.

“If you don’t find a way to make money while you sleep you will work until you die.”

Using the techniques learned from graham. Graham is the ideal person of warren Buffett and Warren Buffett is inspired by the book called “One Thousand Ways to Make a $1000”. Warren Buffett is successful in identified undervalued companies and he became a millionaire. One such company is Textile Company and the name of that company is Berkshire Hathaway.
The success of the Buffett partnership. Buffet dissolved the firm in 1969 to focus on the development of Berkshire Hathaway. This company also made an investment in coca-cola. He became the CEO of the company from 1989 until 2006. He is a long-term Philanthropist who has donated around 34 billion dollars since 2006.
Warren Buffet also gives $37 in stock to the Bill and Melinda Gates Foundation for health and education purposes.

“You only have to do a very few things right in your life so long as you don’t do too many things wrong.”

“It’s not necessary to do extraordinary things to do extraordinary results.”

Other related tags for this topics:

Warren Buffet Success Story

Warren Buffet Biography

Warren Buffet journey

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