Added on -2019-09-23

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FINANCIAL AND ECONOMIC MANAGEMENT 2Exercise 1Warren Buffet is mainly an American business investor, philanthropist, and speaker who serve mainly as the CEO and Chairman of Berkshire Hathaway. The buffet is regarded as oneof the most successful investors in the world and his net worth is approximately US$84.9 billion computed until February that makes him the third wealthiest person in the entire globe. Warren Buffet owns a huge variety of the business via his massive conglomerate, Berkshire Hathaway, Inc. The New England Textile was mainly grown by Buffet into a booming firm with a market cap over $527 billion.Warren was born in Omaha, Nebraska and his nationality is American. He is the investor whohas a lot of effect on the market. From the very early days, only Buffet developed an interest in the business and investing in his youth. It is said that he first invested at the age of just eleven. The Giving Pledge was founded by Warren Buffet in the year 2009 with Bill Gates it is the place where the millionaires give at least half of their fortunes. Furthermore, Buffet is also seen contributing to the causes related to politics. However, Buffet's interest in the stock market and also investing dated back to his school days where he spent most of the time in the consumer's lounge regional stock brokerage near the brokerage office of his father.The article highlighted that Warren Buffet said that 3G Capital and Berkshire Hathaway Inc. was overpaid in the year 2015 when they helped the Kraft Heinz Co to come into existence, but Buffet has no such plans for selling. After a CNBC interview, it was disclosed that about $2.8 billion loss towards the Berkshire was contributed by the Kraft Heinz in the year 2018 (Market Watch, 2019).

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