Warren buffet

WARREN BUFFET:

WARREN BUFFET MUHAMMAD DAUD MAJEED FA10-BBA0202

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Warren Edward Buffett (1930 – till now )

Introduction:

Introduction Born : Warren Edward Buffett August 30, 1930 (age 78) Omaha, Nebraska, U.S. Parents : Howard and Leila Buffett Nationality : American Citizen Alma mater : University of Pennsylvania University of Nebraska–Lincoln Columbia University Occupation : Chairman & CEO, Berkshire Hathaway Salary : US$ 100,000 Net worth : ▼ US$ 37 billion (2009) Spouse(s) : Susan Thompson Buffett (1952–2004) Astrid Menks (2006–) Children : Susan Alice Buffett, Howard Graham Buffett, Peter Buffett

Back ground:

Back ground largest shareholder and C.E.O. of Berkshire Hathaway, and is currently ranked by Forbes as the second richest human on Earth with an estimated net worth of approximately thirty-seven billion dollars. Buffett is also a notable philanthropist, having pledged to give away 85% of his fortune to the Gates Foundation. He also serves as a member of the board of trustees at Grinnell College. In 1999, Buffett was named the top money manager of the twentieth century in a survey by the Carson Group, ahead of Peter Lynch and John Templeton, In 2007, he was listed among Time 's 100 Most Influential People in the world.

Warren Buffett's Education :

Warren Buffett's Education In 1947, a seventeen year old Warren Buffett graduated from High School. It was never his intention to go to college. He had already made $5,000 delivering newspapers (this is equal to $42,610.81 in 2000). His father urged his son to attend the Wharton Business School at the University of Pennsylvania Buffett interested in the area of mathematics and statistics. He focused on mathematics and statistics at University of Nebraska to finish his degree. Harvard Business school (Rejected) Entered Columbia University’s graduate school of business, where he obtained a master’s degree in business. Ben Graham and David Dodd (Mentor)

Money-Making Schemes:

Money-Making Schemes Age 6 - Peddled Coke Age 9 - Carrying golf clubs for $3 per day Age 11- Bought his first stock Age 11-13 - Sold used golf balls. Age 13 - Carrier for Washington Post and 4 other newspapers. Age 14 - Bought 40 acres of farmland and leased it out. Age 16 - Rented out used pinball machines making up to $50 a week.

Employment:

Employment Worked for Buffett-Falk & Co., as an investment salesman after graduating with a Masters in Economics. (1951-1954) Worked for Graham-Newman Corp, as a securities analyst (1954-1956) Formed Buffett Partnership, Ltd and appointed himself General Partner. (1956-1969) Bought over Berkshire Hathaway Inc in 1962 and became Chairman and CEO in 1970

Berkshire Hathaway:

Berkshire Hathaway A textile mill purchased in 1962. Suffering a $2.2m loss at time of purchase. Priced at $8/share though it had $16.50/share of working capital. Buffett currently holds 38% of shares, valued at total of $36bn Has stakes in Coca-Cola (2nd largest shareholder), Gillette, American Express, Disney, McDonalds, Dairy Queen

Warren Buffet Six Principles:

Warren Buffet Six Principles Principle 1 : Keep it Simple Principle 2 : Be a investor, not a trader Principle 3 : Find outstanding business Principle 4 : Make your own Decisions Principle 5 : Leave a margin of safety Rule 1 : Never lose money Rule 2 : Never forget rule No.1 Principle 6 : Focus on strengths

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“Fools give you reasons, wise men never try.” -Warren Buffett