Warren Edward Buffett born August 30, 1930, is an American businessman,
investor, and philanthropist. He is currently the chairman and CEO of Berkshire
Hathaway. He is considered one of the world's most successful investors and is
worth more than $ 100.6 billion since April 2021, making him the richest man in
the world.
Buffett was born in Omaha, Nebraska. He became interested in business
and investment in his youth, eventually enrolling at Wharton School of The University of Pennsylvania in 1947 before transferring to and graduating from
the University of Nebraska at the age of 19. He went on to graduate from
Columbia Business School, where he developed his investment philosophy around
the concept of the value of investments made by Benjamin Graham. He studied at
the New York Institute of Finance to focus on his economics and soon thereafter
began various business relationships, including one with Graham. He founded
Buffett Partnership, Ltd in 1956 and his company eventually acquired a textile
company called Berkshire Hathaway, thinking it was forming a company that owned
a variety of materials. In 1978, Charlie Munger joined Buffett as deputy
chairman.
Berkshire capitalized
On August 14, 2014, the stock price of Berkshire Hathaway shares reached
$ 200,000 per share for the first time, bringing the company a profit of $ 328
billion. When Buffett gave most of his stock to charities at this time, he
still owned 321,000 shares worth $ 64.2 billion. On August 20, 2014, Berkshire
Hathaway was fined $ 896,000 for failing to report on December 9, 2013, the
purchase of shares in USG Corporation as required.
In 2009, Buffett invested $ 2.6 billion as part of a Swiss fundraising
campaign. Berkshire Hathaway already owns a 3% stake, which owns more than 20%.
And in 2009, Buffett acquired Burlington Northern Santa Fe Corp. $ 34 billion
in cash and stock. Alice Schroeder, the author of Snowball, said the main reason
for the acquisition was to separate Berkshire Hathaway from the financial
industry. [77] Compared to the investment in the Financial Times Global 500,
Berkshire Hathaway was the 18th largest company in the world since June 2009.
Covid-19 epidemic
In a June 2021 interview with CNBC Buffet, it said that the economic
impact of the COVID-19 epidemic had exacerbated economic inequality and
lamented that many people were unaware that "hundreds of thousands or
millions" of small businesses were affected. He added that markets and the
economy could not be expected in the post-epidemic recovery period, even though
the management of Biden and the United States Federal Reserve had a plan in
place. He said the unpredictability and effects of COVID-19 are far from over.
Health
On April 11, 2012, Buffett was diagnosed with stage I cancer during a
routine checkup. He has announced that he will start two months of daily
radiation treatment from mid-July. In a letter to shareholders, Buffett stated
that he feels "good - as if I were in good health - and that my strength
is 100 per cent."
Check out the list of quotes from Warren Buffet
1. Only when the tide goes out to do you discover who's been swimming naked.
2. Someone is sitting in the shade today because someone planted a tree a long time ago.
4. Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
6. Risk comes from not knowing what you're doing.
7. Price is what you pay. Value is what you get.
8. It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
10. I always knew I was going to be rich. I don't think I ever doubted it for a minute.
11. In the business world, the rearview mirror is always clearer than the windshield.
12. I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
14. We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
16. Our favourite holding period is forever.
17. Time is the friend of the wonderful company, the enemy of the mediocre.
18. Derivatives are financial weapons of mass destruction.
19. Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
20. If past history was all there was to the game, the richest people would be librarians.
21. The best thing I did was to choose the right heroes.
