Warren Edward Buffett is the worlds successful investor today.Born on August 30 1930.He is worlds richest man in 2008 and worlds second richest man till date.
$39 B As of November 2011
$524,946 As of November 2011 .
Buffett himself told he is 15 percent Fisher and 85 percent Benjamin Graham.
Buffett’s words:”The basic ideas of investing are to look at stocks as business, use the market’s fluctuations to your advantage, and seek a margin of safety. That’s what Ben Graham taught us. A hundred years from now they will still be the cornerstones of investing.”
Quote From Buffett:
The following quotation from 1988 highlights Warren Buffett’s thoughts on his wealth and why he long planned to re-allocate it:
I don’t have a problem with guilt about money. The way I see it is that my money represents an enormous number of claim checks on society. It’s like I have these little pieces of paper that I can turn into consumption. If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GDP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing. I don’t do that though. I don’t use very many of those claim checks. There’s nothing material I want very much. And I’m going to give virtually all of those claim checks to charity when my wife and I die. (Lowe 1997:165–166)
Amazing Facts about Warren Buffett:
1) He started his Share business when he is 11 years Old which he considers being late.
2) In his child hood he worked as a paper boy and with that savings he bought a farm house at the age of just 14 years.
3)He bought a house in 1958 in Dundee near Omaha for 31,500$. Even today he is living in the same Old house.He just says i have every thing i needs in that house.Believe it or not, his house don’t have a wall or fence
4) He drives his own car everywhere and he never put any security people around him.
5)Though he is an owner of largest private Jet Company (The Indefensible) ,he never travel by Private Jet.
6)He just writes only one letter to all the CEOs of 63 Companies under Berkshire Hathaway giving them the goals for the year.He never holds meetings or calls them on a regular basis.
7)He has given his CEOs only 2 rules:
1.Do not loose any of your share holders money
2.Don’t forget Rule no 1
8) He does not socialize with the high society crowd. His favorite pastimes are laying Bridge game,Cooking popcorn and Watching TV.He spends 12 hours a week playing the game Bridge
9)Worlds richest Bill Gates is the Fan of Warren Buffett.Once bill gates scheduled a meeting with Buffett for half an hour.But the meeting lasted for 10 hours.Bill Gates became devotee of Buffett form that day.
10) Warren Buffet does not carry a cell phone, nor has a computer on his desk.
11)He donates 99 percent of his wealth to charities.(Isn’t he great)
His advice to young people: Stay away from credit cards and invest in yourself.
Honest review about him:
He is simply a god in this modern world..
Warren Buffett’s Complete Book:
Benjamin’ Intelligent Investor Fisher’s Common Stocks and Uncommon Profits