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Warren Buffett

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Warren Buffett is the third richest and businessman in this world. His real name is Warren Edward Buffett. He was born on 30 august 1930 in Omaha, Nebraska, U.S. His Alma mater is The Wharton School University of Nebraska–Lincoln (B.S.) Columbia Business School (M.S.). He had business interest in younger age. He formed Buffett Partnership Ltd. in 1956. He had assumed control of Berkshire Hathaway in 1965. Buffett became one of the world's richest men and a celebrated philanthropist.

Warren Buffett’s father is Howard Buffett. He was an American businessman, investor, and politician. Warren Buffett’s mother was Leila Buffett. He is the one of three children. In 1952 he got married with Susan. They had three children. After 50 years of marriage Susan’s death in 2004. According to some reports he has been married twice. He separate with his wife in 1977. Warren Buffett and Astrid Menks officially got married in 2006.

He began his education at Rose Hill Elementary School. Buffett displayed an interest in business and investing at a young age. He interest in the stock market and investing dated to schoolboy days he spent in the customers' lounge of a regional stock brokerage near his father's own brokerage office. At the age of 11, he bought three shares of Cities Service Preferred for himself, and three for his sister Doris Buffett. At 15, Warren made more than $175 monthly delivering Washington Post newspapers.

In 1947, Buffett entered the Wharton School of the University of Pennsylvania. He would have preferred to focus on his business ventures; however, he enrolled due to pressure from his father. Warren studied there for two years and joined the Alpha Sigma Phi fraternity. He then transferred to the University of Nebraska–Lincoln where at 19; he graduated with a Bachelor of Science in Business Administration. After being rejected by Harvard Business School, Buffett enrolled at Columbia Business School upon learning that Benjamin Graham taught there. He earned a Master of Science in Economics from Columbia in 1951. Buffett also attended the New York Institute of Finance.

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Buffett became a millionaire because of his partnerships in 1962, which in an excess of $7,178,500, of which over $1,025,000 belonged to Buffett January 1962 had. Berkshire began to acquire stock in the Washington Post Company in 1972.  Capital Cities announced a $3.5 billion purchase of ABC on March 18, 1985 surprising the media industry, as ABC was four times bigger than Capital Cities at the time. Buffett helped finance the deal in return for a 25% stake in the combined company. The newly merged company, known as Capital Cities/ABC (or Cap Cities/ABC), was forced to sell some stations due to U.S. Federal Communications Commission ownership rules. The two companies also owned several radio stations in the same markets.

Buffett became a paper billionaire when Berkshire Hathaway began selling class A shares on May 29, 1990, with the market closing at US$7,175 a share. In 1998 he acquired General Re (Gen Re) as a subsidiary in a deal that presented difficulties—according to the Rational Walk investment website, "underwriting standards proved to be inadequate," while a "problematic derivatives book" was resolved after numerous years and a significant loss. Gen Re later provided reinsurance after Buffett became involved with Maurice R. Greenberg at AIG in 2002.

In 2007, in a letter to shareholders, Buffett announced that he was looking for a younger successor, or perhaps successors, to run his investment business. Buffett had previously selected Lou Simpson, who runs investments at Geico, to fill the role; however, Simpson is only six years younger than Buffett.

On August 14, 2014, the price of Berkshire Hathaway's shares hit US$200,000 a share for the first time, capitalizing the company at US$328 billion. While Buffett had given away much of his stock to charities by this time, he still held 321,000 shares worth US$64.2 billion. On August 20, 2014, Berkshire Hathaway was fined $896,000 for failing to report December 9, 2013 purchase of shares in USG Corporation as required.

He wants to say people:-

1. Honesty is a very expensive gift; don’t expect it from cheap person.

 2. Trust is like the air we breathe. When it’s present, nobody really notices. But when it’s absent, everybody notice.

 3. Price is what you pay. Value is what you get.

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