Education: Columbia Business School {1950- 1951}.
Net worth: 10,130 crores USD [2021].
Wife: Susan Buffet [1952- 2004], Astrid Menks [2006]
Children: Susan Alice Buffet, Howard Graham Buffet, Peter Buffet.
Relatives: Howard Buffet [Father], Leila Buffet [Mother]
Doris Buffet, Roberta Buffet Elliott [Sisters].
Books: The Essays of Warren Buffet: Lessons for Investors and Managers.
Introduction
Everyone wants to be rich. It's one of the most common, universal goals, and yet, only 1 percent of the United States of America is extremely wealthy,while the other 99 percent are not. So what does it take to get wealthy? Certainly not only working hard at a steady job, as so many people do. If you truly want to be successful, you must enter into the world of stocks and investing in businesses, as Warren Buffett, once the richest man in the world [now no longer number one only due to the fact that he has given away billions to charity] does.
Warren Buffett, from his life story to his business methods to his portfolio and more. Warren Buffett was able to make his way to the top with hard work, persistence, and above all else, smart investing. With a few tips in your mind, you should be able to achieve some degree of success in investing and building your wealth as well, though not perhaps at the level as Warren Buffett, of course.
Warren Buffett Way written by Robert Hagstrom that goes over Warren Buffett's investing principles. It is a method followed by many, many successful investors, and I hope that after reading this chapter, your understanding of the Warren Buffett Way will be greatly increased and you will find yourself able to follow it and succeed with it is well, as I have. From reading this book, my mind has been greatly opened in terms of the stock market, businesses, and the realm of entrepreneurship in general.
Their Early Life and Study
Warren Buffet was born of 1930 in Omaha, Nebraska, the second of three children and the only son of Leila (Nee stahl) and Congressman Howard Buffet. He began his education at Rose Hill Elementary School. In 1942, his father was elected to the first of four terms in the United State Congress and after moving with his family to Washington, D.C., Warren finished elementary school, attended Alice Deal Junior High School and graduated from Woodrow Wilson High school in 1947, where his senior yearbook picture reads: "likes math; a future stockbroker. After finishing high school and finding success with his side entrepreneurial and investment ventures, Buffet wanted to skip college to go directly into business but was overruled by his father.
Warren Buffett's Road to Success
Warren Buffett is known today as a massively successful entrepreneur and investor.However, all successful people had to make their way from the beginning, Warren Buffett included. It is often both inspiring and a key to understanding to look at a successful person's journey to success, and so in this chapter I will go over how Warren Buffett got to place he is at today, with over 72 billion dollars of net worth.
While we all have our own stories and none will be the same as Warren Buffett's it is still interesting and helpful to see his story, as it gives much necessary background that will help you understand who he is as both a person and businessman, giving you insight for later chapters in which I talk about the Warren Buffett Way, his portfolio, and more.
Warren Buffett was was born in 1930 in Omaha, Nebraska. His father was a stockbroker later elected as a U.S Congressman, causing his family to move to Washington, D.C., which is where Warren Buffett became interested investing and math. Under his high school senior picture was written: "future stockbroker."
The Warren Buffett Way
The Warren Buffett Way is a book written by Robert Hagstrom that goes over Warren Buffett's investing principles. It is a method followed by many, many successful investors, and I hope that after reading this chapter, your understanding of the Warren buffett Way will be greatly increased and you will find yourself able to follow it and succeed with it as well.
For starters, Warren Buffett has four principles. First, buy businesses that have good prospects in the long term; they should be ones that will last and grow far into the future, not fads or dying companies. Secondly, buy companies for far less than they are worth; this means that you should buy businesses that are undervalued. Thirdly, buy businesses that give a high return when it comes to investment capital. Finally, look for honesty and integrity when purchasing businesses; find ones with honorable managers.
Now, Warren Buffett's approach is centered around businesses' values and market prices. This means that whan he discovers a company he is interested in and invested in, he behaves not as a mere side stock market member, but as a company owner. He will study everything about the business he invested in and provide time, energy, and dedication. He becomes an expert that works with the people in the business, not against them, and this sets him apart in the battlefield.
The Warren Buffett Stock
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