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Warren Buffet and Successful Investments Assignment

   

Added on  2020-04-01

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INTERESTING FACTS ABOUT WARREN BUFFET AND DISCUSSION ON SUCCESSFUL INVESTMENT

Table of ContentsINTRODUCTION3 WARREN BUFFET-SOME INTERESTING FACTS............................................................................3KEY POINTS RELATED TO SUCCESSFUL INVESTMENT 5CONCLUSION........................................................................................................................................................6REFERENCES.........................................................................................................................................................72

INTRODUCTIONWARREN BUFFAY-SOME INTERESTING FACTSWarren Buffett, one of the most dominant investor around the globe was born on 30th August,1930. At present he is working as the CEO of Berkshire Hathaway and is commonly referred as the “Oracle of Omaha”. He is solely responsible for the overall growth of the company andfor it to become one of the biggest conglomerates internationally with over 60 companies together with Duracell, Dairy Queen and Geico. Globally, he is the second wealthiest with the net worth of around $76.9 billion. At the early age of 11, he started trading in share market and was an official taxpayer by the age of 13 proving his passion for tax effectiveness. By the time he turned 16, he made huge revenue which is around $53,000 in current dollars (Elkins, 2015). During his teenage days, he made more money than his teachers and seniors by doing few businesses such as paper delivery, selling stamps and old golf balls etc. Considering his huge success, no one can ever imagine that he was refused admission at the Harvard University and chose Columbia University where his icons Benjamin Graham and David Dodd were teaching. Since he was not Jewish, Benjamin Graham refused to employ him for a particular post. But he was persistent. Being reluctant at public speaking, he took a Dale Carnegie course on the same of around $100 at the age of 21.One more interesting fact about Warren Buffett is that despite of being a billionaire, he has been residing in the same house in Omaha since 1958 which he initially bought for around $31,500. In this era of advanced technology, he still makes use of Nokia flip phone instead of smart phone and doesn’t makes use of computers and internet which is clear from the fact that he has mailed only once in his entire life which was sent to Jeff Raikes of Microsoft and ended up in controversy(Kirkham, 2014). He spends around 12 hours in a week to play bridge. He is an avid reader and spends most of his time reading. He follows unhealthy lifestyle in terms of eating and drinking coke. With a 9.3% share, his company is the biggest shareholder in Coca Cola (Leadem, 2016). Inspite of the fact that he had always been victorious, his net worth was $3.8 billion more on his 60th birthday which shows that around 94% of his capital was gained much later in his life. The GDP of Uruguay is projected to be lower than his net value. Not only is he recognized as a successful investor but is also considered as a generous donor. He created The Giving Pledge in the year 2010 together with3

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