Do you know the success story of Warren Buffett, known as The “Oracle of Omaha,”? Warren Buffett, is the Chief Executive Officer and Chairman of Berkshire Hathaway.
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Who Is Warren Buffett?
Warren Buffett is an American business magnate, investor, and philanthropist. Buffett serves as the Chief Executive Officer and Chairman of Berkshire Hathaway.
He was the single most successful investor of the 20th century.
Time magazine named him one of the most influential people in the world.
Biography Of Warren Buffett
Warren Edward Buffett (/ˈbʌfɪt/; born August 30, 1930) is an American business magnate, investor, speaker and philanthropist who serves as the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of US$82 billion as of July 18, 2019, making him the third-wealthiest person in the world.
Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring and graduating from the University of Nebraska at the age of 19.
He went on to graduate from Columbia Business School, where he molded his investment philosophy around the concept of value investing that was pioneered by Benjamin Graham. He attended New York Institute of Finance to focus his economics background and soon after began various business partnerships, including one with Graham.
He created Buffett Partnership, Ltd in 1956 and his firm eventually acquired a textile manufacturing firm called Berkshire Hathaway, assuming its name to create a diversified holding company. In 1978, Charlie Munger joined Buffett and became vice chairman of the company.
Buffett has been the chairman and largest shareholder of Berkshire Hathaway since 1970. He has been referred to as the “Oracle” or “Sage” of Omaha by global media outlets. He is noted for his adherence to value investing and for his personal frugality despite his immense wealth.
Research published at the University of Oxford characterizes Buffett’s investment methodology as falling within “founder centrism” – defined by a deference to managers with a founder’s mindset, an ethical disposition towards the shareholder collective, and an intense focus on exponential value creation. Essentially, Buffett’s concentrated investments shelter managers from the short-term pressures of the market.
Buffett is a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation. He founded The Giving Pledge in 2009 with Bill Gates, whereby billionaires pledge to give away at least half of their fortunes.
He endorsed Democratic candidate Hillary Clinton in the 2016 U.S. presidential election and will judge current U.S. President Donald Trump by his results on national safety, economic growth and economic participation when deciding if he will vote for him in the 2020 U.S. presidential election. Source: The article about Warren Edward Buffett in Wikipedia
Watch the video to know the biography and incredible success story of the Wizard of Omaha.
Warren Buffett’s Top 10 Rules For Success
- Find your passion
- Hire well
- Don’t care what others think
- Read, read, read
- Have a margin of safety
- Have a competitive advantage
- Schedule for your personality
- Always be competing
- Model success
- Give unconditional love
Watch the video and listen to his inspiring words.
Above details and video source: Youtube
Quotes From Warren Buffett
“The big question about how people behave is whether they’ve got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.” Warren Buffett
“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” Warren Buffett
“Price is what you pay. Value is what you get.” Warren Buffett
“When you combine ignorance and leverage, you get some pretty interesting results.” Warren Buffett
The success story and rules for success of Warren Buffet will surely inspire you and encourage to become successful in life.
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Mathukutty PV. is the man behind Simply Life Tips. Blogging is a passion. Always eager to learn new things. Read More