How Warren Buffett earned billions?

How Warren Buffett earned billions?

How Warren Buffett earned billions?

How Warren Buffett earned billions?

There are many people living in this mighty world who want to be successful but they lack patience and get demotivated and distracted. But the reason behind their failure is lack of patience and they are not  enjoy their struggle. In order to become  successful we need to set small goals, very small goals.  Today we are going to tell you How Warren Buffett earned billions? .Now, lets have a look at his life and learn  how he made his identity.

 

How Warren Buffett earned billions?

Childhood

Warren Buffet childhood
Warren Buffet childhood

The legendary Warren Edward Buffett’s was born in 1930 at Omaha, Nebraska. He is the second child to his parents- mother Leila and father Howard Buffett. His father was a U.S. Congressman, who was Scandinavian by origin and his mother was Spanish.

He was curious for  learning Economics and economic buissness, Warren Buffett is the second richest person of the world after Bill Gates at present. He is popularly named as the “Sage of Omaha” and “Wizard of Omaha” .

 

Early Life

At Rose Hill Elementary School in Omaha Warren buffett started  his elementary education . Soon he completed his Master of Science in economics after studing in the Alice Deal Junior High School. From the childhood days of his life, Buffett was always deeply interested in trading from his childhood days and finally he started with stock market by saving money.

Buffett worked in his grandfather’s grocery shop and adopted many other means of income like selling cold drinks, weekly magazines, stamps and chewing gums door to door and delivering newspapers. Things took a turn when Buffett with his friend invested just 25$  buying a pinball game machine and they placed it into a barber’s shop. Soon when they started making money from it they started placing pinball games in maximum barber shops.

Early Career

 

Yes, it seems difficult but warren buffett bought shares for him and her sister at the age of  11 years. During his graduation and studies at  the age of 20 he saved around $9,800, and he got a chance  to meet Graham who was on the board of GEICO insurance. Warren started to working for Graham and that too without any pay. But he finally refused the job when he came back to Omaha.

He then started attending classes on “Investment principles” during this period he also purchased a gas station, which unfortunately did not turned much profitable for him. Someone is sitting in the shade today because someone planted a tree a long time ago – Warren Edward Buffett.

Warren Buffett with Bill Gates
Warren Buffett with Bill Gates

Warren Buffett married Susan Buffett in 1952. They had three children, Susie, Peter and Howard. In 1957, Buffett had three partnerships operating the entire year. In Omaha he purchased a five-bedroom stucco house where he presently lives for $31,500. In 1958 Buffett’s third child, Peter was born. Buffett operated five partnerships for the next entire year. And then his company grew to six partnerships operating the whole year and Buffett was introduced to Charlie in 1959. They named Sanborn Map Company in 1959. Brick by brick he reached at the top  position by extending and expanding his business while planting himself with a position on the Board of sanborn.

 

Finally in 1962, Warren Buffet became a millionaire and collected  all his partnerships together into single.  In 1999, he was named the top money manager of the Twentieth Century in a survey by the Carson Group.

 

Achievements

In 2008, Buffett became the richest person in the world. He then went on to become a billionaire with an estimate of his company valuing approximately US$62 billion. In 2009, he donated billions of dollars to the charity and even after that Buffett was ranked as the second richest person after bill gates. Now, let us just boost your desire of becoming a billionaire by showing few materialistic achievements of Buffett.

 

 

 

 

One thought on “How Warren Buffett earned billions?

  1. The basic ideas of investing are to look at stocks as business, use the market’s fluctuations to your advantage, and seek a margin of safety . That’s what Ben Graham taught us. A hundred years from now they will still be the cornerstones of investing.

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