Warren Edward Buffett is an American business magnate, investor and philanthropist. He was the most
successful investor of the 20th century. Buffett is the chairman, CEO and largest share holder of Berkshire Hathaway,and consistently ranked among the world's wealthiest people. He was ranked as the world's
wealthiest person in 2008 and as the third wealthiest in 2011.In
2012 Time named Buffett one of the world's most
influential people.
Buffett worked from 1951 to 1954 at Buffett-Falk
& Co. as an investment salesman; from 1954 to 1956
at Graham-Newman Corp., as a securities analyst; from 1956 to 1969
at Buffett Partnership, Ltd. as a general partner and beginning in
1970 as Berkshire Hathaway Inc's Chairman and
CEO.
By 1950, at 20, Buffett had
made and saved $9,800 . In
April 1952, Buffett discovered that Graham was on the board of GEICO insurance.
Taking a train to Washington, D.C. on a Saturday, he knocked on the door of
GEICO's headquarters until a janitor admitted him. There he met Lorimer
Davidson, Geico's Vice President, and the two discussed the insurance business
for hours. Davidson would eventually become Buffett's lifelong friend and a
lasting influence and would later recall that he found Buffett to be an
"extraordinary man" after only fifteen minutes. Buffett wanted to
work on Wallstreet, however, both
his father and Ben Graham urged him not to. He offered to work for Graham for
free, but Graham refused.
Buffett returned to Omaha
and worked as a stockbroker while taking a Dale Carnegie public
speaking course. Using what he learned, he felt confident enough to teach
an "Investment Principles" night class at University of Nebraska, Omaha.
In 1962, Buffett became a
millionaire because of his partnerships, which in January 1962 had an excess of
$7,178,500, of which over $1,025,000 belonged to Buffett.
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.
Warren Buffet may not be a local Trinidadian but he is still a man, a human being like you and I and from these facts, I believe that with determinatiuon, drive and a good idea, an entrepreneur is made and is successful. this video lends some advice to us entrepreneurs from Warren Buffet.
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