HOW WELL YOU KNOW ABOUT WARREN BUFFETT

An Inspiring Story of Warren Buffett


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INTRODUCTION (Warren Buffett):
  • Warren Edward Buffett
  • Born on August 30, 1930 (Age 89); Omaha, Nebraska, U.S.
  • Education: Master of Science in Economics.
  • From:- 
  1. University of Pennsylvania
  2. University of Nebraska-Lincoln
  3. Columbia Business School
  • Occupation: Chairman and CEO of Berkshire Hathaway and owns more than 60 companies.
  • Net Worth: US$ 7,080 crores on (April 2020).
Buffett is Called:          
  •  “Wizard of Omaha”
  • “Oracle of Omaha”
  •  “Sage of Omaha”                                                                                              :- Means Knowledgeable or Wise.
Journey as a young Entrepreneur:-

Age 6 – Peddled Coke.

Age 9 – Carrying golf clubs for $3 per day.

Age 11 – Bought his first stock.

Age 11-13 – Sold used golf balls.

Age 13 – Carrier for Washington Post and 4 other newspapers.

Age 14 – Bought 40 acres of farmland and leased it out.

Age 16 – Rented out used pinball machines making up to $50 a week. 

Lessons Learned from The Intelligent Investor :-

Father of Value investing – Prof. Benjamin Graham

Company – GRAHAM-NEWMAN Corporation

 Books:- 1. Security Analysis 

                2. The Intelligent Investor

Aggressive v/s Defensive:-

1. MR. Market

2. Defensive Investors

3. Enterprising Investors 

4. Margin of Safety

Buffett is an:

  • American Business magnate and investor.
  • Philanthropist (Bill & Melinda Gates Foundation).
  • Widely considered the most successful investor of 20th century.
  • Noted for his adherence to the value investing philosophy and for his frugality despite his immense wealth. 
Consistently ranked among the world’s wealthiest people:-

2008– Ranked First.

2011– 3rd.

2012– Time magazine named him one of the most influential people in the world.

Some interesting aspects of his life and lessons learned:-

  • Time is Money; Don’t waste it.
  • Patience is a Virtue.
  • Don’t Buy more than what you really need.
  • Be Economical.
  • Assign right Managers for the job.
  • Set Goals and communicate them.
  • Don’t try to show off.
  • Avoid making presumptions.
  • Advice to young people.

How to become a Successful investor:-

  • They take risks.
  • They have a well planned investment strategy.
  • They always invest with a planned exit strategy.
  • They are patient.
  • They do not regret their mistakes rather they learn from them.
  • They do not put all their eggs in one basket.
  • They never test the depth of river with both the feet. 

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