“If you can’t find a way to earn money while you sleep, then you will have to work until you die.” Doesn’t that sound so intimate? Yes, this quote has been told by Warren Buffett. 

INTRODUCTION

Born during the Great recession, Buffett went on to become world-famous for his wealth and investment acumen. Warren Buffett is an American business tycoon, benefactor, and investor. He is the chairman & CEO of Berkshire Hathaway, which retains more than 70 companies, which includes insurer Geico, battery maker Duracell and restaurant chain Dairy Queen. He is known as 1 of the best investors of all time.

BACKGROUND

In 1869, Warren’s family was brought up in Omaha, Nebraska, United States. His great grandfather Sidney Buffet ended the farmer’s life in Long Island New York, to go west. He, Warren’s Great Grandfather started working as a stagecoach driver. Later, he opened a grocery store. By valuing every quarter, Sidney was able to make a decent profit and then soon expanded the business to meet Omaha people’s call. In 1915, His son Ernest took over the store and moved its location from downtown to the suburbs.

Over time, Ernest made a lot of profits and reinvested in the business. However, Ernest’s son Harvard Buffet was not interested in the grocery business. After graduating from the University, Harvard started his career at an insurance company. It was the time when Warren Edward Buffet was born.

EARLY LIFE AND EDUCATION

Warren Edwards Buffett was born on August 30, 1930, in Nebraska. The second child and the one only son of Leila and Congressman Howard Buffett. Warren Buffett was always excellent with numbers and could easily do complex maths calculations in his mind. At the age of 8, he started reading his father’s books on stock markets; at age 11, Warren marked the board at the broker house where his father worked. His early years were enlivened with entrepreneurial ventures.

In 1 of his first business ventures, he traded Coca-Cola, a weekly magazine door to door, golf balls, and stamps. He also worked at grandfather stores. On his first income tax return in 1944. In 1945, as a high school aspirant, he and his friends spent $25 to purchase a used pinball machine, which they plotted in a local barbershop. Within a few months, they purchased many Pinball machines and installed them all across barbershops. 

Later, he sold the business for $1,200. He was so victorious that he told his father he didn’t want to go to college and wanted to start directly with business. He was overruled. His education started at Rose Hill Elementary School and afterwards he attended Alice Deal Junior high school. Later graduating from high school, he went to the business school of the University of Nebraska, and while there, he read a lot of new books on investing topics by a Columbia professor named Benjamin Graham.

He was, of course, The legendary and successful investor. He was so involved with Gram’s idea. He joined Columbia business school so that he could learn directly from Graham. He remembered that there was immediate mental chemistry between Warren Buffett and Graham and that the rest of the class was primarily onlookers. 

CAREER

Not long after, Buffett received a master’s degree from Columbia University in economics. Graham Newman gave an invite to his former student to connect with his company named the Graham-Newman Corporation. During his 2 year tenure there, Warren Buffett became fully submerged in his advisor investment approach. 

In 1956, Warren’s mentor Graham disbanded. Later, Graham retired from the company. While Buffet returned to their hometown Omaha. Furnished with high knowledge in investment, he began a limited investment partnership. 

Later, his partnership grew and started with 7 limited partners who together contributed $105,000. The lean partners got 6% yearly on their investment and 75% of the profits above this bogey; the rest 25 percent went to Warren Buffett, who as a general partner had basically free bridle to invest the partnership’s funds. Over time, his percentage [%] grew from 25 to 29.5%.

As Buffett’s fame grew, numerous people began to demand him to manage their money. In 1962, he started rising shares in an ailing textile company named Berkshire Hathaway. Same year Warren Buffett shifted the partnership office from his home to Kiewit Plaza, where his office stays at present.

Trained by an impropriety involving 1 of its clients, American Express saw its shares drop from $65 to $35 almost overnight. At the time, he had received this lesson from guru Graham: if the stocks of powerful companies are selling below their calculated value, act judiciously. He made a daring move to invest 40 percent of the partnership’s total assets into American express. Within two years, his shares tripled. They made $20 million in profit.

By 1965, the value of their forte was $26 million. After 4 years, explaining that he found the market’s highly theoretical worthwhile values increasingly scarce. Then, he decided to end the investment partnership. 

When the partnership parted, investors got their proportional interest. A few  of the members recommended Buffett, and others looked for money to manage Bill Ruane. Bill agreed to manage their money, and thus the Sequoia Fund was begotten. Others, involving Buffett, invested their revenue in Hathaway. By the time Buffet shares had grown to $25 million, which gave him permission to control Hathaway. Later in 1970 he became chairman and CEO of the company Berkshire Hathaway Inc.

From 1970 to now, Buffett has invested in several famous and leading companies like Apple, Amazon, Coca-Cola, etc.

SOME INTERESTING AND MOST MOTIVATING FACTS ABOUT WARREN BUFFETT

• He is the son of a U.S congressman, 1st bought the stock at the age of 11 and pays the tax at the age 13.
• Warren Buffett has made promises to donate over 90 percent of his wealth to the foundation. So far, he has given over $42 Billion, mostly to the gate’s foundation and his kid’s foundation. 
• In 2010, he and his dearest friend introduced a program called Giving Pledge, asking a billionaire to commit to donating at least half of their wealth to charitable causes.
• He still lives in the same house, which he purchased in 1956 in Omaha.
• Buffett was rejected from Harvard Business school. To know more facts about Warren Buffet click here

His one of the most popular and well known quotes

“If you will not control your emotion, you can not control your money”

“Don’t invest in something that you don’t understand”

“The future is never clear”

“Don’t buy a stock as long as you think it’s undervalued”

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