1: Who is Warren Buffett
2: how did he become an investor
3: what his rules
4: what he made it.
Quick pick
Warren Buffett is an American stock Investor who made more than 100 billion dollars fortune in his net worth.
Opening information:
Howard Homan Buffett is a businessman, politician, and Investor.
Howard Buffett’s son is Warren Buffett who he born in 1930. Warren Buffett is a man who started Investing at a very early age at the age of 12.
Warren Buffett bought his first stock when he was 12 years old in 1942. Then 1943 Buffett family moved to Washington DC.
Warren Buffett is a naturally lonely boy, spending his time practicing math at home, reading Investment books, and his books studies.
This article contains the information about journey of the greatest Investor on the planet which is warren Buffett and how he became a great investor in the stock market, what rules he applied whenever he invested, and finally what he made it nowadays and what his worth .
1: Who is Warren Buffett
In the early years of Buffett’s education in school, he told his Friends in school he would be a millionaire when he was 30 years old.
Once he couldn’t, he said he would find any of the tallest buildings in the city and jump from it. That sounds funny but it started
He started to invest in the stock market before even he finished high school. But his Investment is not strong and certain at a Young age. He just buys stock and holds it, then sees how it goes.
While in teenager Warren Warren put a newspaper around his neighbour to make money from it and paid the income tax at the age of 14 the year was 1944.
At the age of 19 in 1949 Buffett graduated from the University of Nebraska with a bachelor of science in business administration.
After that Buffett applied to Harvard University, where he was rejected, and then he applied to Columbia Business School and enrolled in the college.
Then at the age of 21 in 1961 Buffett got an A+ from Benjamin Graham who is a professor at Columbia University. This Benjamin Graham is the person who found value in investing first.
Graham is also called as father of value investing. So Buffett started to learn value investing forfromaham. Next, let’s see how Warren Buffett became a great Investor after he met Graham.
2: how did he become an investor
Graham’s style of investing is finding a decent company that is trading at 50 cents when the company shares are worth 1 dollar.
The buffet suddenly fell in love with this Method and became one of the best and favorite students of Graham.
Then Buffett went to work for Graham in 1954 at the age of 24. Where he started to learn how to read and learn the financial statement of the company.
And find the real value of any company. After 2 years of working in the Graham company, Graham decided to close down his company.
At the moment buffet has 175,000 dollars. Then Buffett himself started to search for an amazing company that is not wonderful but trading at undervalue.
Bufundervalueecome a millionaire at the age of 32 in 1962. He became a millionaire after two years at age 30 from his promise.
Now let’s see what rules are made by Warren Buffett to not lose money on the stock market.
3: what his rules
At the year of 1962, buffet founded Berkshire Hathaway Company. Which iCompanyle Company has been losing money for decades, so the CEO of Berkshire Hathaway closed the 9 textiles a total of 11 textiles.
But this company’s worth was 11 dollars per share and it’s trading around 7 dollars per share. So the CEO of the company started to buy back all his stock and Buffett decided to sell his Berkshire Hathaway stock at 11.50 dollars to the company CEO.
But Berkshire Hathaway CEO Seabury Stanton would try to cheat Buffett at 13 cents which is at 11.37 dollars. So Buffett bought the whole company and fired the CEO in 1964.
When Buffett became CEO of Berkshire Hathaway, he decided to invest in the greatest company instead of investing in not greatest Companies.
So Buffett had strong rules from 1965. Rule 1: do not lose money. Rule 2: Don’t forget rule 1. So let’s see what he made it after taking over the Berkshire Hathaway.
4: what he made it.
Buffet’s greatest skill was finding the best stock to invest in the whole stock market. This makes Buffett investing reach a very high net worth.
Moreover, his company, Berkshire Hathaway became a billion dollars at 1in3, and Buffett became one of the world billionaiworld’s billionaires age of 56.
Now Buffet had more Buffet00 billion dollars in his company and his net worth was more than 100 billion dollars. He is called one of the world’s richest people on the planet.