Warren Buffett
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Who Is Warren Buffett?
Warren Buffett demonstrated keen business abilities at a young age. He formed Buffett Partnership Ltd. in , and by he had assumed control of Berkshire Hathaway. Overseeing the growth of a conglomerate with holdings in the media, insurance, energy and food and beverage industries, Buffett became one of the world's richest men and a celebrated philanthropist.
Early Life
Warren Edward Buffett was born on August 30, , in Omaha, Nebraska. Buffett's father, Howard, worked as a 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. He demonstrated a knack for financial and business matters early in his childhood: Friends and acquaintances have said the young boy was a mathematical prodigy who could add large columns of numbers in his head, a talent he occasionally demonstrated in his later years.
Buffett 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. T
In Warren Buffett is now 91 and still the head of Berkshire Hathaway. Let's see how he got to be one of the most successful and well-respected investors ever.
– Age 6
In the midsts of the Great Depression, a young Buffett began his business life selling Juicy Fruit gum, making two cents per pack profit; he refused to sell one piece at a time, worried he would be left with four pieces not sold. Buffett also sold Cokes at 5cents/bottle, 6-packs purchased from his grandfather's store for 25c, giving him a 5cent profit.
– Age 11
With all his money, Buffett buys six shares (3 for himself and 3 for his sister Doris) of Cities Service (now CITGO Oil) stock for $38 per share. His lack of diversification would follow him through life. The stock fell to $27 and then rose to $40 when he sold it, however he did miss out, after another few years it went to $ Buffett considers this an early "patience in investing" lesson.
– Age 13
Buffett files his first tax return deducting $35 for his bike, a work expense.
– Age 15
Buffett sells Washington Post newspapers making $/month, saves $, and buys 40 acres of farmland in Omah
On August 14, , the price of Berkshire Hathaway's shares hit $, a share for the first time, capitalizing the company at $ billion. While Buffett had given away much of his stock to charities by this time, he still held , shares worth $ billion. On August 20, , Berkshire Hathaway was fined $, for failing to report December 9, , purchase of shares in USG Corporation as required.[71]
Warren Buffett: Timeline
Warren Buffett timeline
Here is a close look at the stories and events that have shaped the life and career of Warren Buffett, arguably America&#;s greatest investor of the modern era.
Warren Buffett: Fast Facts
Born: Warren Edward Buffett
Date of Birth: August 30,
Parents: Howard Buffett and Leila Stahl Buffett
Education: Columbia Business School; University of Nebraska; Wharton School of the University of Pennsylvania; Woodrow Wilson High School; Rose Hill Elementary School
Spouse: Susan Thompson (); Astrid Menks (married in )
Children: Susan, Howard, Peter
Most famous for: Chairman and CEO of Berkshire Hathaway
Zodiac sign: Virgo
Nickname: Oracle of Omaha; Sage of Omaha
Warren Buffett quote
Warren Buffett: Timeline
Born in Omaha, Nebraska; second child of his parents – Congressman Howard Buffett and Leila Buffett
Enrolls at Rose Hill Elementary School
Graduates from Woodrow Wilson High School
Buys his first shares – preference shares of Cities Service
Buys a acre land for about $1,
Gains admission into the University of Pennsylvania – the Wharton School
Graduates from the University o
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