Warren Buffett Biography

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Warren Buffet
Warren Buffet is in the ranking of world’s richest men, with assets summing up to US$50 billion in 2011. His main source of wealth flows from his company Berkshire Hathaway, a conglomerate holding company located in Omaha, Nebraska, United States. His core philosophy of value investing and prudence has influenced many investors worldwide
Businessman and investor Warren Buffett was born on August 30 1930, in Omaha, Nebraska. Investing at an early age of 11, Buffett has already running a small business at 13. Buffett later started a firm called Buffett Partnership in Omaha, achieving huge success. In 2006, Buffett announced to the media that he would give his entire fortune to charity (est. $62 bil.),which is the largest act of charitable giving in United States history.
Early Life
Being among businessman and investors, Buffett's father Howard worked as a stockbroker and served as an U.S. Congressman. Warren’s mother, Leila Stahl Buffett, was a house wife. Buffett was the only boy, among three children of Howard and Leila.

Buffett had a knack for financial and business dealings early on in his childhood. Friends and close friends have said the young boy was a mathematical prodigy, and was able to add large columns of numbers in his head which is a talent he occasionally exposes to friends and business associates.

During this young time, Warren often visited his father's stockbrokerage shop, and chalked in the stock prices on the blackboard in the office. At the age of 11 years old he made his first investment, he bought three shares of Cities Service Preferred at a price of $38 per share. The stock quickly plunged to only $27, but Buffett held on tenaciously until it reached $40. He sold his shares at a small profit...

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...ude.”

The Laissez-Faire style will work if the followers are highly motivated and highly skilled, but quite often, this is not the case. Followers that are not highly skilled, competent or great problem-solvers often end up failing at their tasks and not meeting their deadlines. It seems that Mr. Warren Buffett has the ability to pick highly motivated and capable managers who thrive in a results-oriented environment. By accurately choosing whom to place his trust in wisely, he is able delegate them with the autonomy that they need to be successful.

Good Traits and bad traits.
1. Warren Buffett has chosen to build lives, not family dynasties.
Warren Buffett labeled inherited wealth, "food stamps for the rich." He also added that not to give children too little that they wouldn’t do anything. Don't give them too much that leads them to do nothing.
Warren Buffett i

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