Warren Buffet Essay

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Warren Buffett Warren Edward Buffett is known for being a famous American investor. He was born in Omaha, Nebraska on August 30, 1930. Warren was born to Leila and Howard Buffett. His father, Howard, was a stockbroker and also became a member of congress. Warren showed early signs of being entrepreneurial through being involved in various business dealings as a child. He also made his first investment in the stock market when he was just 11 years old. In his teen years he began studying at the Wharton school of finance at University of Pennsylvania. He then went on to Columbia University to receive his master's degree. While going to school there he met an influential value investor Benjamin Graham. Buffett was influenced …show more content…

Before the end of the year the company became worth over 300,000 dollars. By this time in his life he had three children, a beautiful wife, and a new house. The next few years of the partner ship earned around 251.0%. By 1962 the partnership had a capital of 7.2 million. This partnership continued to grow over the new decade. Ten years after founding the Buffett Associates the assets were up more than 1,156%. Warren's personal stake was worth a cool 7 million. In may 1969 he liquidated the partnership informing his partners that he was unable to find bargains in the current market. Buffett's intentions were to keep his 29% of the company, but his intentions weren't revealed. On May 10, 1965, after accumulating 49% of the common stock, Warren named himself Director. Terrible management had run the company nearly into the ground. After this the company continued doing well and Buffett appointed someone else to head the company. In the coming years Buffett's value rose immensely. In the late sixties and early seventies Warren invested in several companies which paid off. A company by the name of See's candy became a great investment. He bought the company for 25 million. The chocolate company came to be known as the best investment he ever made. Benjamin Graham died in the early seventies leaving Buffett with millions. Later on in the year Susan

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