this businessman is the Oracle of Omaha the market is there to serve you not to
the market is there to serve you not to
the market is there to serve you not to inform you welcome to watchmojo.com and
inform you welcome to watchmojo.com and
inform you welcome to watchmojo.com and today we’ll be learning more about the
today we’ll be learning more about the
today we’ll be learning more about the life and accomplishments of Warren
life and accomplishments of Warren
life and accomplishments of Warren Buffett Warren Edward Buffett was born
Buffett Warren Edward Buffett was born
Buffett Warren Edward Buffett was born August 30th 1930 in Omaha Nebraska as a
August 30th 1930 in Omaha Nebraska as a
August 30th 1930 in Omaha Nebraska as a child Buffett discovered his math skills
child Buffett discovered his math skills
child Buffett discovered his math skills and interest in money matters he made
and interest in money matters he made
and interest in money matters he made his first investment at eleven and due
his first investment at eleven and due
his first investment at eleven and due to his paper route filed his first tax
to his paper route filed his first tax
to his paper route filed his first tax return in 1944 in 1950 Buffett earned a
return in 1944 in 1950 Buffett earned a
return in 1944 in 1950 Buffett earned a degree from the University of Nebraska
degree from the University of Nebraska
degree from the University of Nebraska Lincoln after also studying at the
Lincoln after also studying at the
Lincoln after also studying at the University of Pennsylvania’s Wharton
University of Pennsylvania’s Wharton
University of Pennsylvania’s Wharton Business School by working full time
Business School by working full time
Business School by working full time through school he amassed almost $10,000
through school he amassed almost $10,000
through school he amassed almost $10,000 in savings after his rejection by
in savings after his rejection by
in savings after his rejection by Harvard Business School due to his young
Harvard Business School due to his young
Harvard Business School due to his young age Buffett chose Columbia for his
age Buffett chose Columbia for his
age Buffett chose Columbia for his graduate studies where he learned
graduate studies where he learned
graduate studies where he learned fundamental investment rules under famed
fundamental investment rules under famed
fundamental investment rules under famed economists Benjamin Graham and David
economists Benjamin Graham and David
economists Benjamin Graham and David Dodd he then worked at his father’s
Dodd he then worked at his father’s
Dodd he then worked at his father’s Omaha brokerage firm and in 1952 started
Omaha brokerage firm and in 1952 started
Omaha brokerage firm and in 1952 started a family with his new wife Susan
a family with his new wife Susan
a family with his new wife Susan Thompson Buffett finally went to work
Thompson Buffett finally went to work
Thompson Buffett finally went to work for Ben Graham’s New York partnership in
for Ben Graham’s New York partnership in
for Ben Graham’s New York partnership in 1954 and developed a different ideology
1954 and developed a different ideology
1954 and developed a different ideology than his mentor Graham only considered
than his mentor Graham only considered
than his mentor Graham only considered numbers when investing while Buffett
numbers when investing while Buffett
numbers when investing while Buffett also studied how companies were run
also studied how companies were run
also studied how companies were run Graham’s partnership closed in 1956
Graham’s partnership closed in 1956
Graham’s partnership closed in 1956 so Buffett started his own back in Omaha
so Buffett started his own back in Omaha
so Buffett started his own back in Omaha there he met Charlie Munger in 1959 and
there he met Charlie Munger in 1959 and
there he met Charlie Munger in 1959 and the two began a valuable business
the two began a valuable business
the two began a valuable business association that lasted decades by 1962
association that lasted decades by 1962
association that lasted decades by 1962 the Oracle of Omaha was a millionaire
the Oracle of Omaha was a millionaire
the Oracle of Omaha was a millionaire that year he also merged his several
that year he also merged his several
that year he also merged his several successful partnerships into one called
successful partnerships into one called
successful partnerships into one called Buffett partnership limited and began
Buffett partnership limited and began
Buffett partnership limited and began buying stocks in a small textile
buying stocks in a small textile
buying stocks in a small textile manufacturing firm called Berkshire
manufacturing firm called Berkshire
manufacturing firm called Berkshire Hathaway Buffett continued making bold
Hathaway Buffett continued making bold
Hathaway Buffett continued making bold moves through the 60s he bought cheap
moves through the 60s he bought cheap
moves through the 60s he bought cheap American Express stocks after a fraud
American Express stocks after a fraud
American Express stocks after a fraud scandal invested in Disney and became
scandal invested in Disney and became
scandal invested in Disney and became the largest shareholder at Berkshire
the largest shareholder at Berkshire
the largest shareholder at Berkshire Hathaway in 1965 he took control of
Hathaway in 1965 he took control of
Hathaway in 1965 he took control of Berkshire and with it bought national
Berkshire and with it bought national
Berkshire and with it bought national indemnity insurance in 1967
indemnity insurance in 1967
indemnity insurance in 1967 the insurance sector proved far more
the insurance sector proved far more
the insurance sector proved far more successful than textile operations which
successful than textile operations which
successful than textile operations which eventually shut down in 1985 when the
eventually shut down in 1985 when the
eventually shut down in 1985 when the buffett partnerships assets were
buffett partnerships assets were
buffett partnerships assets were divested in 1970 buffett became chairman
divested in 1970 buffett became chairman
divested in 1970 buffett became chairman of berkshire hathaway that year he began
of berkshire hathaway that year he began
of berkshire hathaway that year he began writing annual letters to shareholders
writing annual letters to shareholders
writing annual letters to shareholders that eventually became famous Buffett
that eventually became famous Buffett
that eventually became famous Buffett and Berkshire entered the media business
and Berkshire entered the media business
and Berkshire entered the media business by acquiring stock in The Washington
by acquiring stock in The Washington
by acquiring stock in The Washington Post Company in 1973 and the American
Post Company in 1973 and the American
Post Company in 1973 and the American Broadcasting Company in 1979 by 1985
Broadcasting Company in 1979 by 1985
Broadcasting Company in 1979 by 1985 Buffett helped engineer and finance a
Buffett helped engineer and finance a
Buffett helped engineer and finance a merger between ABC and capital cities in
merger between ABC and capital cities in
merger between ABC and capital cities in exchange for a 25% share in the new
exchange for a 25% share in the new
exchange for a 25% share in the new company by then Buffett was on the
company by then Buffett was on the
company by then Buffett was on the Forbes 400 as one of the world’s richest
Forbes 400 as one of the world’s richest
Forbes 400 as one of the world’s richest people in 1987 Buffett became director
people in 1987 Buffett became director
people in 1987 Buffett became director of Solomon brothers after Berkshire
of Solomon brothers after Berkshire
of Solomon brothers after Berkshire became the company’s largest shareholder
became the company’s largest shareholder
became the company’s largest shareholder however the stock market crashed that
however the stock market crashed that
however the stock market crashed that year resulting in significant losses for
year resulting in significant losses for
year resulting in significant losses for both Berkshire and Buffett himself
both Berkshire and Buffett himself
both Berkshire and Buffett himself things improved in 1988 when Buffett
things improved in 1988 when Buffett
things improved in 1988 when Buffett bought 7% of coca-cola for 1.02 billion
bought 7% of coca-cola for 1.02 billion
bought 7% of coca-cola for 1.02 billion dollars and that became one of
dollars and that became one of
dollars and that became one of Berkshires most profitable investments
Berkshires most profitable investments
Berkshires most profitable investments ever by 1990 Buffett was a billionaire
ever by 1990 Buffett was a billionaire
ever by 1990 Buffett was a billionaire on paper
on paper
on paper thanks to Berkshire Hathaway’s newly
thanks to Berkshire Hathaway’s newly
thanks to Berkshire Hathaway’s newly sold Class A stocks heading into the new
sold Class A stocks heading into the new
sold Class A stocks heading into the new millennium Buffett and Berkshire
millennium Buffett and Berkshire
millennium Buffett and Berkshire experienced ups and downs causing some
experienced ups and downs causing some
experienced ups and downs causing some to accuse him of losing his touch he was
to accuse him of losing his touch he was
to accuse him of losing his touch he was also criticized during the subprime
also criticized during the subprime
also criticized during the subprime crisis of 2007-2008
crisis of 2007-2008
crisis of 2007-2008 however by investing in American
however by investing in American
however by investing in American companies like Goldman Sachs Bank of
companies like Goldman Sachs Bank of
companies like Goldman Sachs Bank of America and Wells Fargo Buffett helped
America and Wells Fargo Buffett helped
America and Wells Fargo Buffett helped stabilize the US economy and earned
stabilize the US economy and earned
stabilize the US economy and earned significant returns Buffett’s success
significant returns Buffett’s success
significant returns Buffett’s success briefly earned him the title of world’s
briefly earned him the title of world’s
briefly earned him the title of world’s richest man in 2008 when his net worth
richest man in 2008 when his net worth
richest man in 2008 when his net worth of sixty-two billion dollars taught Bill
of sixty-two billion dollars taught Bill
of sixty-two billion dollars taught Bill Gates Buffett gates and Facebook CEO
Gates Buffett gates and Facebook CEO
Gates Buffett gates and Facebook CEO Mark Zuckerberg partnered in 2010 to
Mark Zuckerberg partnered in 2010 to
Mark Zuckerberg partnered in 2010 to sign the Giving Pledge which promised
sign the Giving Pledge which promised
sign the Giving Pledge which promised that half of their fortunes would
that half of their fortunes would
that half of their fortunes would eventually be allocated to charity
eventually be allocated to charity
eventually be allocated to charity Buffett has also been vocal on political
Buffett has also been vocal on political
Buffett has also been vocal on political issues like health care reform and taxes
issues like health care reform and taxes
issues like health care reform and taxes for the super-rich the very richer
for the super-rich the very richer
for the super-rich the very richer paying less in the way of taxes and the
paying less in the way of taxes and the
paying less in the way of taxes and the people to clean their offices Berkshire
people to clean their offices Berkshire
people to clean their offices Berkshire emerged strong after the economic
emerged strong after the economic
emerged strong after the economic meltdown
meltdown
meltdown and in 2011 Buffett bought 11 billion
and in 2011 Buffett bought 11 billion
and in 2011 Buffett bought 11 billion dollars worth of IBM shares
dollars worth of IBM shares
dollars worth of IBM shares despite his long-standing position not
despite his long-standing position not
despite his long-standing position not to invest in technology the next year
to invest in technology the next year
to invest in technology the next year Buffett was diagnosed with prostate
Buffett was diagnosed with prostate
Buffett was diagnosed with prostate cancer and talk turned to his eventual
cancer and talk turned to his eventual
cancer and talk turned to his eventual replacement as head of Berkshire
replacement as head of Berkshire
replacement as head of Berkshire Hathaway he was named one of Time
Hathaway he was named one of Time
Hathaway he was named one of Time Magazine’s Most Influential People was
Magazine’s Most Influential People was
Magazine’s Most Influential People was awarded the Presidential Medal of
awarded the Presidential Medal of
awarded the Presidential Medal of Freedom and became one of the most
Freedom and became one of the most
Freedom and became one of the most successful investors of all time but
successful investors of all time but
successful investors of all time but it’s Warren Buffett’s frugal personal
it’s Warren Buffett’s frugal personal
it’s Warren Buffett’s frugal personal philosophy and unparalleled track record
philosophy and unparalleled track record
philosophy and unparalleled track record that have made him an inspiration for
that have made him an inspiration for
that have made him an inspiration for generations
generations
generations for more great biographies be sure to
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