About Warren Buffet
Warren Buffet is known as one of the best investors in the stock market of all time. He is an American business magnate, investor, and philanthropist as well. He is currently the Chairman and CEO of Berkshire Hathaway.
His wealth is currently around 115.3 billion dollars which are provided by Forbes Magazine and are currently ranked 8th in the world in the Forbes 400 list 2021 and stand at 6th position in the Forbes World’s Billionaire List in 2021. He is also known as the “Oracle of Omaha” because of the investments made by him over these years. He is one of those billionaires in the world, who has already decided to donate his 99% of the wealth for the help of the poor and the needy.
So far, as of now, he has donated about 45 million dollars to his kid’s foundation and Gates foundation, which beliefs in helping in reducing extreme poverty across the world, enhancing health care facilities, expanding educational opportunities, and access to information technology in the U.S. In the year 2010, he and Bill Gates launched the Giving Pledge, asking billionaires to commit to donating at least half of their wealth to charitable causes.
Warren Buffet Schooling
As Buffet was born in the year, 1930, which means his current age is 91 and now also he is ranking in one of the top people in the world. He is one of the few people who were more inclined towards investing, as, at the age of 11, he brought a stock on his own and also filed his income tax return at the age of 13.
For his graduation, he joined Wharton School of the University of Pennsylvania in 1947 before transferring to and graduating from the University of Nebraska with the degree of Bachelor of Science in Business Administration. He also tried going to Harvard Business School for his studies but was rejected by them, and then got admitted to Columbia Business School of Columbia University, where Benjamin Graham taught who himself was an investor. From there he graduated with a degree of Master of Sciences in Economics in 1951. He then also attended the New York Institute of Finance to focus on his economic background.
After completing his graduation from the college, he started working at Buffet-Falk & Company as an investment salesman from 1951 to 1954, then shifted to Graham – Newman Corp. form 1954 to 1956 as a security analyst and worked as a general partner at Buffet Partnership Ltd., from 1956 to 1959. And in 1970, joining Berkshire Hathaway Inc. as their CEO.
Warren Buffet Manufacturing Firm
In 1956, he created Buffet Partnership Limited and his firm acquired a textile manufacturing firm called Berkshire Hathaway, assuming its name to create a diversified holding company which was one of the first few investments he made in his experience of the stock market. He had been joined by Charlie Munger in the year, 1978 as vice-chairman. He has been the largest stakeholder of the textile manufacturing company in which he had invested and also been the chairman of the company.
Warren Buffet Views on Cryptocurrency
Buffet has his views regarding cryptocurrency as well. He says “Bitcoin is an asset that creates nothing”. It is an asset that does not create anything. He has an analogy in his point of view. His perception is, if a person buys any land, then he can grow crops or anything to eat and sell it in the market, and then he can earn money from it and also have food to eat.
When a person buys a business, he buys it for the purpose of growing the business more, not for the purpose of losing money in the future. The main aim is to earn profit and make something good out of it. But it is not true with the bitcoin, as the money can only be made but Buffet predicts that the bitcoin will have a bad ending in the future, as it is a delusion to the nature of any normal business trend.
Warren Buffet Became Millionaire
Buffet became a millionaire in 1962, due to his partnerships over the years. In 1970, he became the CEO of Berkshire Hathaway. After becoming a millionaire and in this business he brought shares of many companies.
In 1973, he brought shares in the Washington Post Company, 1979 shares in American Broadcasting Company (ABC), 1987 brought shares in Salomon Inc. of about 12%, which made him the largest shareholder of the Salomon Inc. and became a director of the company. In 1988, he brought shares in Coca Cola company purchasing about 7% of the company for a value of 1.02 billion dollars and it is one of the stocks which he holds till now.
He went on to become a billionaire in May 1990 when Berkshire Hathaway started selling their class A shares and the share price was trading at 7,175 dollars per share. In 2008, Buffet became the world’s richest person according to the list released by Forbes and in 2009, he slipped to 2nd position, with Bill Gates again becoming the richest person.
Warren Buffet Books
There are many books written in the name of Warren Buffet. Being one of the legendary investors in the world over the course of time, his books include
- The Warren Buffet Way by Robert G. Hagstrom
- The Essays of Warren Buffett: Lessons for Corporate America, by Warren Buffett & Lawrence Cunningham
- Dear Mr. Buffett: What an Investor Learns 1,269 Miles from Wall Street, by Janet Tavakoli
- The Snowball: Warren Buffett and the Business of Life, by Alice Schroeder and Buffett
- Making of an American Capitalist, by Roger Lowenstein and Dear Mr. Buffett: What an Investor Learns 1,269 Miles from Wall Street, by Janet Tavakoli and some other books as well.
These are some books, as in these books he is one of the main characters or the whole book is about him only.
