Warren Buffet

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Warren Buffett Warren Edward Buffett is known for being a famous American investor. He was born in Omaha, Nebraska on August 30, 1930. Warren was born to Leila and Howard Buffett. His father, Howard, was a stockbroker and also became a member of congress. Warren showed early signs of being entrepreneurial through being involved in various business dealings as a child. He also made his first investment in the stock market when he was just 11 years old. In his teen years he began studying at the Wharton school of finance at University of Pennsylvania. He then went on to Columbia University to receive his master's degree. While going to school there he met an influential value investor Benjamin Graham. Buffett was influenced by him greatly. After graduating he asked Graham to work for his company for free, but Graham turned him down. After this great disappointed he returned home. When returning home Buffett took a spot at his father's investing company. Shortly after working he turned his head to a girl by the name of Susie Thompson. The two were married in the summer of 1952. Shortly after their marriage their daughter Susie was born. During this time he began teaching night classes at the University of Omaha to make extra money. After his rough patch he received a phone call from Benjamin Graham inviting him to work. This had been the opportunity Buffett was waiting for. Buffett now spent his days analyzing S&P reports, and looking for investment opportunities. It was during this time Buffett and Graham realized the difference in their philosophies. Although this problem occurred the two managed to overcome it temporarily. During 1950-1956 Buffett built up his personal capital ... ... middle of paper ... ...he Washington Post [Federal legislation prohibited him sitting on the Boards of both Capital Cities and Kay Graham's Washington Post. • 1985: Buffett purchases Scott & Fetzer for Berkshire's collection of businesses. It costs around $315 million, and boasts such products as Kirby vacuums and the World Book Encyclopedia. • 1986: Berkshire breaks $3,000 per share. • 1987: In the immediate crash and aftermath of October, Berkshire loses 25% of its value, dropping from $4,230 per share to around $3,170. The day of the crash, Buffett loses $342 million personally. • 1988: Buffett begins buying stock in Coca-Cola, eventually purchasing up to 7 percent of the company for $1.02 billion. It will turn out to be one of Berkshire's most lucrative investments. • 1989: Berkshire rises from $4,800 per share to over $8,000. Warren now has a personal fortune of $3.8 billion.

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