Who hasn't heard the name of Warren Buffet? He is an icon of the investor's world. He has acquired a multibillion dollar fortune over the years, due to his investment in stocks and buying companies. His is a voice that is respected and listened to in the investment field. His is an investing style of discipline, patience and value.
Warren studied in the University of Nebraska in 1950 and he graduated a Bachelor of Science with a degree in business administration. But after reading the work of Benjamin Graham in the book “The Intelligent Investor”, he decided he wanted to study under Graham at Columbia University and graduated with a Master of Science degree in business in 1951.
After graduating he went home to Omaha and started the firm of Buffet-Falk & Company, working as an investment salesman from 1951-1954. He went on to work with Graham as a security analyst from 1954-1956.
After working a couple of years with Graham, from whom he learned much, Buffet went back home to start a family investment partnership at the age of 25. When the firm dissolved, Buffet had already acquired the unprofitable company of Berkshire Hathaway in 1965. He, of course, turned the company around making it a highly successful textile business.
In the 1973-1974 market collapse, Warren made a move to purchase several different companies at bargain prices. He turned Berkshire Hathaway into an extremely successful massive holdings company to this day.
He is known and recognised as giving person and has donated millions to the Bill and Melinda Gates Foundation as well as other charities founded by family members.
Some quotes accredited to Warren Buffet are:
“All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.”
“Rule number 1 is never lose money. Rule number 2 is never forget rule number one.”
“Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.”