Warren Buffet 's Life Story

Earl Warren was born on March 19, 1891 in Los Angeles California. His parents were Mathias and Crystal Warren. His father, Mathias, worked on the railroad in Los Angeles. However, the family was forced to relocate

He is a graduate from the London School of Economics where he educated himself due to his humble background. This education has played a crucial role in his career life in the finance, and has seen him move from an employee to a billionaire investor. His success journey is marked by his first venture into the Wall Street, followed by his Hedge Fund (Quantum Fund) that accumulated a large fortune from a capital of $12 million, and d later earning the title as the man that broke the Bank of England.

Warren Edward Buffett on August 30, 1930, in Omaha, Nebraska. Buffett's father, Howard, worked as stockbroker and served as a U.S. congressman. His mother, Leila Stahl Buffett, was a homemaker. Buffett was the second of three children and the only boy. Buffett demonstrated a knack for financial and business matters early in his childhood. Warren often visited his father's stock brokerage shop as a child, and chalked in the stock prices on the blackboard in the office. At 11 years old he made his first investment, buying three shares of Cities Service Preferred at $38 per share. The stock quickly dropped to only $27, but Buffett held on tenaciously until they reached $40. He sold his shares at a small profit, but regretted the decision when Cities Service shot up to nearly $200 a share. By the age of 13, Buffett was running his own businesses as a paperboy and selling his own horse racing tip sheet. That same year, he filed his first tax return, claiming his bike as a $35 tax

Most of his success comes of the fact that Berkshire owns insurance companies and he is able to invest insurance “float” which is the pool of premiums that an insurance company receives and invests, but does not own.

Kenneth went ahead to graduate from Harvard with a degree in Economics. After graduation, Kenneth received a capital injection of $1 million from Frank C. Meyers to invest in a hedge fund. Later Myers, an investor and ‘Glenwood Capital LLC’s’ founder, reaped a 70%

Over the years he has evolved to be listed among the 30 richest people worldwide with a net worth of $25.2 billion as of May 2017. He is famous because of his expertise in the hedge fund. This aggressive investor is also an author having written books like; The Alchemy of Finance and The New Paradigm for Financial Markets among many others which have profoundly contributed to his net worth.

Warren Buffet is recognized as one the top investment advisors in the world. His common-sense method of investing intrigues financial experts. According to Warren Buffet, there is no magic formula for investing. Warren Buffet knows, good investments come from knowing and understanding how the markets work.

For those of you who don’t know, Warren Buffett is a businessman, an investor and a philanthropist. He is currently the second wealthiest man in America, and the fourth wealthiest man in the world. His net worth is $77 billion. Therefore, when Buffett does anything on the business front the world stands up and takes notice. Recently Buffett bought Apple stock, and people are wondering why he bought Apple, and not Google.

Then you will learn about the consolidation accounting for Berkshire Hathaway. The paper explains why Berkshire Hathaway prefers to use cash rather than stock when investing in a company. Warren Buffett also has a different approach on how long to hold controlling interests versus their passive interests. Warren Buffett never plans on selling a controlling interest, but they do keep the idea open to sell a marketable security. We also explain why Berkshire would like to receive dividends

fortune, but later lost most of that money during the Stock Market Crash of 1929. In 1918, he

Bernard Buffet was, as Nicholas Foulkes has remarked in his biography of the painter's life, one of the first mega-artists, heraliding the "super-star" artists of today. His peculiar linear style coupled with his rejection of abstraction and call for a return to realism, which can be observed in paintings such as La Ravaudeuse de filets (Fig. 3), one of the main attractions of the exhibition, are elements of Buffet's work which permits the audience to find alternatives for more academic conventions of moden art in his paintings.1 As Fabrice Hergott puts it, this presentation of Buffet as an artist working not in margin, but rather in parallel of his contemporaries, was not possible during Buffet's lifetime or immediatly after his death.2 The mediatisation of Buffet's life prevented a retrospective reflection on his oeuvre, as his reputation as a tacky, mondain artist was omnipresent.3 Almost twenty years after his death, it is now possible to focus on the art historical quality of his work, and the curators successfully managed to tell this new story about Buffet.

debt of $540 million to TWA. He has gone on to become influential investor and a major

He cites this as an early lesson of patience needed when investing. After working through high school and college he formed Buffett Partnership in 1956 and quickly gain enough profit to acquire the textile company Berkshire Hathaway which he facilitated massive growth in the company by investing in media, insurance, energy, and food and beverage industries. Now Berkshire Hathaway is a conglomerate of many of the brands we are familiar and use in our daily lives. Some of the brands under the Berkshire umbrella include Geico Insurance, Duracell, and even fast food chain of Dairy

Warren Buffett utilizes a constant strategy to manage these companies including Berkshire Hathaway by holding shares for a long time. Berkshire Hathaway does not pay any dividends to the shareholders but reinvests surplus instead to maximize the value of the company. Under this strategy, each company is growing constantly and some of them such as GIECO and Nebraska Furniture Mart are the major layer in the industry.

This article was inspired by a recent conversation and current reading. As a prelude, it 's worth mentioning that I have high regard for billionaires. Allow me to explain. My fascination extends toward the minds of billionaires, more than their wealth - particularly self made billionaires. Imagine for a moment how one must think in order to reach the level of wealth and power they hold? It is for this reason there are only 946 billionaires in the world today with a combined wealth of $3.5 trillion. That is a staggering number to say the least.