Warren Buffett, born in Omaha August 30, 1930, the second of three children and the only son of Leila (née Stahl) and Congressman Howard Buffett. Warren Buffett is married with 3 children.
Buffett graduated from Woodrow Wilson High School in 1947.
His first Bachelor degree was at University of Nebraska–Lincoln where he earned a Bachelor of Science in Business Administration.
After being rejected by Harvard Business School, Buffett then enrolled at Columbia Business School of Columbia University and was awarded a Master of Science in Economics in 1951. After graduating, Buffett attended the New York Institute of Finance.
Buffett worked from 1951 to 1954 at Buffett-Falk & Co. as an investment salesman; from 1954 to 1956 at Graham-Newman Corp. as a securities analyst; from 1956 to 1969 at Buffett Partnership, Ltd. as a general partner and from 1970, as Chairman and CEO of Berkshire Hathaway Inc.
In 1956 Buffett started Buffett Partnership Ltd and 34 years later he became a paper billionaire when Berkshire Hathaway began selling class A shares on May 29, 1990.
Buffett’s career took off in 2002 when he entered in US$11billion worth of forwarding contracts to deliver U.S. dollars against other currencies. By April 2006, his total gain on these contracts was over US$2billion.
Buffett called the downturn in the financial sector that started in 2007 as “poetic justice”.Buffett’s Berkshire Hathaway suffered a 77% drop in earnings during Q3 2008 and several of his later deals suffered large mark-to-market losses.
However, Buffett’s fortunes had hugely benefited from the unprecedented amount of central bank monetary stimulus that followed the financial crisis of 2008 and that year Buffett became the richest person in the world, with a total net worth estimated at $62 billion.
Buffett disowned his son Peter’s adopted daughter, Nicole, in 2006 after she participated in the Jamie Johnson documentary The One Percent about the growing economic inequality between the wealthy and the average citizen in the United States.
Moreover, his three children will not inherit his wealth. He once commented, “I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing”.
Last summer Buffett bested his own personal philanthropy record once again donating nearly 2.9 billion dollars to charity.
In 2008 Buffett became the richest person in the world, with a total net worth estimated at $62 billion.
More focused on fundamental analysis.
“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.” says Warren Buffett
Buffett is also a classic contrarian investor…
Be Fearful When Others Are Greedy and Greedy When Others Are Fearful – Warren Buffett
A few years back Warren Buffett actaully partnered up with Gaiam Vivendi Entertainment and A Squared Entertainment, to make an animated series to help kids learn the importance of money management!
In Secret Millionaires Club Warren Buffett is his own animated star character, whose voice of financial wisdom offers kids insights into making investing a fun activity.
I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing – Warren Buffett
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Dan Loeb targets Sony. Dan Loeb is an activist investor and founder of Third Point, which oversees about $14.5 billion in assets.
Last year the activist investor viewed Campbell soup as a bargain when Third point reported that the soup maker could fetch a takeover value of $52 to $58 per share.
A year later and the activist investor Dan Loeb targets Sony
Dan Loeb's activist hedge fund Third Point is raising an investment vehicle to generate between $500 million and $1 billion so it can continue to buy Sony shares, according to a recent report in Reuters.