Warren Buffett
Biography of Warren Buffett Childhood and Schooling Birth: In Omaha, Nebraska, USA, on August 30, 1930, Warren Edward Buffett was born. Family Background: His mother, Leila Stahl Buffett, was a homemaker, and his father, Howard Buffett, was a stockbroker and member of the US Congress. Being the second kid among three, Warren showed early ability for business and investing. Education: Buffett received his education at Alice Deal Junior High School after attending Rose Hill Elementary School. While his father was a member of Congress, he completed his high school education at Woodrow Wilson in Washington, D.C. College: Buffett received a Bachelor of Science in Business Administration from the University of Nebraska–Lincoln after transferring from the Wharton School of the University of Pennsylvania. Later, he enrolled in Columbia Business School, where he graduated in 1951 with a Master of Science in Economics. Buffett’s investment theory was greatly influenced by the work of famed investor and author of “The Intelligent Investor,” Benjamin Graham, who he studied under at Columbia. Early Professional Life Initial Employment: Buffett began working as an investment salesman at Buffett-Falk & Co., his father’s broking firm, as soon as he graduated. Additionally, he had a brief internship with Benjamin Graham’s investment firm, Graham-Newman Corp., where he gained knowledge of value investing. Buffett Partnership Ltd. was founded Buffett Partnership Ltd.: Following his return to Omaha in 1956, Buffett founded many investment partnerships under the name Buffett Partnership Ltd. He invested in undervalued companies, applying Graham’s concepts, and produced tremendous returns for his partners. He became a millionaire by 1962. Hathaway Berkshire Acquisition: In the early 1960s, Buffett started acquiring stock in Berkshire Hathaway, a faltering textile manufacturing company. After assuming leadership of the business, he changed its emphasis from textiles to investments and insurance. Insurance and Investments: Buffett made investments in many businesses, such as See’s Candies, Geico, and The Washington Post, with the money flowing from Berkshire’s insurance operations. His long-term investment strategy focused on purchasing reputable companies at fair rates and holding them. Stock Performance: Berkshire Hathaway’s stock price skyrocketed and the company rose to become one of the most valuable in the world under Buffett’s direction. Investing Theory Value Investing: Buffett is well-known for his value investing strategy, which entails examining the fundamentals of businesses and purchasing those that the market undervalues. Long-Term View: He frequently holds investments for decades and is an advocate for a long-term investment vision. Management: Buffett emphasises the importance of a company’s management, favouring those with talented and honest leaders. Individual Life Buffett’s marriage to Susan Thompson in 1952 resulted in the birth of three children: Peter, Howard, and Susan. Although Susan relocated to San Francisco in 1977, the couple kept their marriage intact until her passing in 2004. Buffett wed Astrid Menks in 2006; the two had been friends since Susan’s departure. Lifestyle: Buffett is renowned for leading a modest and frugal life despite his enormous riches. He still lives in the same Omaha home that he bought in 1958 and takes pleasure in his daily rituals, which include going to McDonald’s for breakfast. Riches and Acknowledgement Net Worth: Thanks in large part to his Berkshire Hathaway assets, Warren Buffett has a net worth of over $100 billion as of 2023, making him one of the richest persons in the world. Awards & Honours: In 2011, Buffett was awarded the Presidential Medal of Freedom, one of several honours he has received. In addition, he is considered by many to be among the all-time great investors. Charity The Giving Pledge: Buffett declared in 2006 that the Bill & Melinda Gates Foundation would receive the majority of his 99% fortune in donations to charitable causes. Along with Bill and Melinda Gates, he co-founded The Giving Pledge, an initiative that challenges other billionaires to pledge to donate the bulk of their fortune. Annual Donations: Buffett has regularly given the Gates Foundation and other nonprofits sizable annual contributions. Latest Advancements Sustained Leadership: As of 2023, Buffett is still the chairman and CEO of Berkshire Hathaway, but he has started giving his top lieutenants, Vice Chairman Charlie Munger, and prospective successors Greg Abel and Ajit Jain, more authority. Public Appearances: Berkshire’s annual shareholder meetings and his widely read annual letters to shareholders are two venues where Buffett regularly shares his economic and investment viewpoints. Warren Buffett has become a legendary figure in the financial industry and beyond thanks to his extraordinary success as an investor, his approachable demeanour, and his dedication to philanthropy. وارن بفیٹ کی سوانح حیات ابتدائی زندگی اور تعلیم پیدائش: وارن ایڈورڈ بفیٹ 30 اگست 1930 کو اوماہا، نیبراسکا، یو اس اے میں پیدا ہوئے۔ خاندانی پس منظر: ان کے والد، ہاورڈ بفیٹ، ایک امریکی کانگریس مین اور اسٹاک بروکر تھے، اور ان کی والدہ، لیلی اسٹہل بفیٹ، ایک گھریلو خاتون تھیں۔ وارن تین بچوں میں سے دوسرے تھے اور کاروبار اور سرمایہ کاری کے لیے ابتدائی اہلیت کا مظاہرہ کیا۔ تعلیم: بفیٹ نے روز ہل ایلیمنٹری اسکول اور بعد میں ایلس ڈیل جونیئر ہائی اسکول میں تعلیم حاصل کی۔ انہوں نے واشنگٹن ڈی سی کے ووڈرو ولسن ہائی اسکول سے گریجویشن کیا جہاں ان کے والد کانگریس میں خدمات انجام دے رہے تھے۔ کالج: بفیٹ نے ابتدائی طور پر یونیورسٹی آف پنسلوانیا کے وارٹن اسکول میں تعلیم حاصل کی لیکن یونیورسٹی آف نیبراسکا لنکن منتقل ہو گئے، جہاں انہوں نے بزنس ایڈمنسٹریشن میں بیچلر آف سائنس حاصل کی۔ بعد میں اس نے کولمبیا بزنس اسکول میں تعلیم حاصل کی، 1951 میں اکنامکس میں ماسٹر آف سائنس حاصل کیا۔ کولمبیا میں، اس نے معروف سرمایہ کار اور ‘دی انٹیلیجنٹ انوسٹر’ کے مصنف بینجمن گراہم سے تعلیم حاصل کی، جس نے بفیٹ کے سرمایہ کاری کے فلسفے پر گہرا اثر ڈالا۔ ابتدائی کیریئر ابتدائی ملازمتیں: گریجویشن کرنے کے بعد، بفیٹ نے اپنے والد کی بروکریج فرم، بفیٹ فاک اینڈ کمپنی، میں بطور سرمایہ کاری سیلز مین کام کیا۔ اس نے اپنے سرپرست بینجمن گراہم کی سرمایہ کاری فرم گراہم نیومین کارپوریشن میں بھی مختصر طور پر کام کیا، جہاں اس نے قدر کی