Investor Warren Buffett - success story of a great investor
Warren Edward Buffett,born in 1930 in Omaha (United States), is one of the richest men of our time, made a fortune on investments. As once famously said by the journalists that previously, Buffett had followed the market and now the market monitors the actions of Warren.
If the history of the Warren-man began in 1930, the story of a businessman "raised his head" when the future billionaire was 6 years old. 25 cents in those days was enough for the young entrepreneur that to buy a pack Coca-Cola 6 cans, and sell each of them for 6 cents.
At 11 years young speculator had made her first sale on the exchange. Though I managed to earn a small amount of money, but that impatience was the cause of lost profits. Wait for the investor a few days, and his income would have increased tenfold. After this incident, Mr. Buffett realized that the investor will never achieve anything without patience.
Later Warren helped his father in his brokerage company, noting on the Board, stock information, delivered Newspapers, and did other types of speculation. I wonder how Buffett was able to optimize his route, which allowed him to earn more than other colleagues. After some time the young paperboy had already received twice as much money than managing email.
Famous traders - traders who have achieved incredible success on the market? He used the work of these speculators?
It should be noted that the father was a wealthy man, but Warren still tried to make himself whole. This shows that in fact the success of future billionaire it's his own merit.
In 1942 the family moved to Washington as the father of Buffett took a seat in the Congress. Training at Columbia University became extremely important in the fate of Warren. The fact that one of his teachers Would be. Graham published the book "Intelligent investor".
Graham himself believed that it was necessary to pay attention not so much on the scope of activities of a company as on its reporting. Exactly what accounting records had a lot to say about the future of the organization. On the course-only Warren was able to get a perfect score from Graham, though, and say that they still disliked each other.
In the future the student will work about 6 years his teacher, earn a decent capital and decides that after he's already able to act independently. It is noteworthy that Buffett took a lot from the lessons of Graham, but not enough and added. For example, it became clear that the need to invest in the long term, and should examine not only statements of the company and its biographies of top managers.
"You can achieve great success in inaction. Many investors can't resist the desire to constantly buy and sell".
Investments Of Warren Buffett
After the founding of a company called Buffett Associates, Warren was engaged in many agreements, but a distinctive feature was the fact that from the date of purchase to the date of sale of the asset on average took 10 years.
Every year an auction is held, the winner of which gets the opportunity to have lunch with Warren Buffett. All the money raised from the auction are donated to charity. Here is a small statistics of the cost of that Breakfast:
• 2007 - $600.00
• 2008 - $2.11 million
• 2009 - $1.68 million
• 2011 - $2.63 million
• 2012 - $3.5 million
Warren Buffett does not seek to demonstrate their wealth. Yes, he also has a weakness for private jets, but otherwise he leads a modest, relative income, life. Lives in a two story house in Omaha, bought over 30 years ago, often eats in fast food chains, which he bought.
By the way, Warren Buffett and bill gates are good friends that can play bridge or just chat heart to heart. At the same time, bill works in the company Buffett. One of the charities who have benefited from Warren's money is managed by the bill & Melinda gates Foundation.
"In fact, I wear expensive suits, just to me they look cheap".
It is called the best investor in the world, the Oracle of Omaha, seer, and so on. He always argued against short-term trades, saying that the best holding period is a good action - always.
And another fact. In 1988, when the exchange came "black Thursday", the company Warren Buffett held shares of the following organizations:
• Coca-Cola
• American Express
• McDonald's
• Gillette
• Walt Disney
• Wells Fargo Bank
As you can see, the successful investor is able to choose promising companies, because, even after 25 years all of these organizations that is called "on horseback". Here is one of the main ideas Buffett, on the terms of investment: "You can achieve great success in inaction. Many investors can't resist the desire to constantly buy and sell".
born in 1930 in Omaha (United States), is one of the richest men of our time, made a fortune on investments. As once famously said by the journalists that previously, Buffett had followed the market and now the market monitors the actions of Warren.
