Warren Buffett’s investor path
One of the most important investors in the world is Warren Buffett. Warren Buffett is considered one of the most successful investors in the world. Buffett is one of the wealthiest and most influential people in American business. According to the Forbs 400 list in 2021, Buffett is the sixth richest person in the United States. With a net worth of $117 billion (March 2022), he is currently the chairman and CEO of Berkshire Hathaway.
Buffett was born on August 30, 1930. He was interested in business and investing from a young age. He was able to make $175 a month working as a delivery boy for the Washington Post. When he was 11, he bought shares of oil company Cities Service preferred stock. It comes at a price of $38 for six shares. Three for himself and three for his sister Dorris, the stock soon dropped to $27 before rising to $40. And his sister immediately sold the shares. Before the stock price continued to reach $200, this small event was the first experience of getting into the investing industry. When recounting this incident, Buffett has always said that with each investment, investors should look at the long term and not only think regarding the short-term gains.
when entering adolescence in the last year of high school Buffett and a friend bought a used pinball machine for $25, and Buffett began to figure out how to profit from the pinball machine. Therefore, it was placed in a well-known barber shop. In less than a month, he returned his capital and gained so much profit that he bought two more pinball machines. He did the same thing, setting up those pinball machines in different locations, keeping him profitable. Soon following, he decided to sell the small business to a veteran for around $1,200.
Buffett attended the Wharton School at the University of Pennsylvania. Before moving to and graduating from the University of Nebraska at the age of 19, he attended Columbia University School of Business, where he learned the philosophy of value investing. of key investor Benjamin Graham, Buffett began cultivating his knowledge and distilling it into his own investment style and method.
He later attended the New York Institute of Finance to focus on economics. After graduating, he was recruited to various positions at various companies before he decided to take the serious investment journey by founding his own company in 1956, Buffett Partnership, Ltd. which is caused by the joint venture of family and friends
Later in 1962 Buffett began to buy shares of the textile company Berkshire Hathaway, which at that time was very cheap. Just $8 per share. As a result of the end of World War I, the economy was deteriorating. There is a reduction in employment affecting the textile industry as well Buffett gradually bought shares until in 1965 he was able to complete the acquisition of Berkshire Hathaway, which is now a holding company with huge profits each year.
It can be said that Warren Buffett’s life path is full of stories. And he was a businessman from a young age. He always sees investment opportunities everywhere, which is a profound investor’s vision that young investors can learn and apply to their own investments. can
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refer
https://www.thebalance.com/warren-buffett-timeline-356439#citation-6
https://www.investopedia.com/articles/01/071801.asp
https://www.britannica.com/biography/Warren-Edward-Buffett
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