The man known as the Oracle of US – Warren Buffett

The man known as the Oracle of Omaha - Warren Buffett

Early on—

Born on the crispy August day on the 30th, 1930, in Nebraska, Warren Buffett is an American business tycoon, investor, and philanthropist. His father Howard was a stockbroker and mother Leila Stehl Buffett was a homemaker. He was the 2nd child of his parents.

Warren Buffett founded the Buffett Partnership Ltd. in the year of 1956, and within the span of 9 years that is by 1965, it took over Berkshire Hathaway. After the cumulative growth of media, insurance, beverage, food and energy, Buffett became the world’s richest man.

His knack for finance—

Right from his childhood, Buffett had an affinity towards finance and business. His near and dear ones stated that he had a great mathematical brain due to which he could add great numbers in no time. Warren Buffett started his financial career at a young age of 11 by buying only three shares of Cities Services Preferred from his father’s stockbroking shop. He bought the share for only $38 each and finally sold them when the prices reached $40 each despite the fact that the prices fell as low as $27. Later those shares towered to $200 each. Buffett admitted this loss was a lesson for him.

By the age of 13, he was working as a paperboy and sold his own horse-racing tip sheet. By that time his father was elected to the U.S. House of Representatives and the family had to move to Virginia. Buffett attended Woodrow Wilson High School. Even at school he used his businessman intellect and bought a used pinball machine. He ended the pinball machine business with earning $1200 out of it.

Making his actual career—

For higher knowledge, Buffett was enrolled at the University of Pennsylvania where he studied business for two years. At the age of 18, he shifted to University of Nebraska to complete his degree. Influenced by The Intelligent Investor, he enrolled in Columbia business school to interact with the author of the book, Benjamin Graham.

In 1956 after selling securities in Buffett-Falk & Company and working as an analyst in Graham-Newman Corp, Buffett formed the firm of Buffett Partnership Ltd. In spite of the success of Buffett Partnership, Buffett was solely interested in Berkshire Hathaway. After dissolving Buffett Partnership, he invested the money in The Washington Post, GEICO and Exxon. After immense success, the wizard of Omaha was able to revive the scandalous company of Salomon Brothers in 1987. With passing time Buffett achieved more and more fame, and he served as the director of the famous companies such as Coca-Cola, Citigroup Global Markets Holdings, The Gillette Company and Graham Holdings Company.

Quite the philanthropist—

In the year 2006, Warren Buffett declared that he would be giving away all his property to charity. Out of all the property, he had committed to donating 85% in the Bill and Melinda Gates Foundation, a charity run by Bill Gates. In 2010 Buffett and Gates formed The Giving Pledge Foundation, an organization to promote philanthropy among wealthy individuals. In the year 2012, Warren Buffett was diagnosed with prostate cancer which was successfully treated. Buffett also owns the food companies of Heinz and Kraft Food Group and the battery company of Duracell.

With all the great achievements, Warren Buffett had been among the top richest billionaires according to Forbes for quite a few years. And, for him, age is just another number!

Varun Choudhary

Diligent Listener | Conceptual Writer | Hard Core Performer And i make things 🙂

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