Last updated on 14 August 2020
“Read 500 pages every day. That’s how knowledge works. It builds up, like compound interest”, these magic words are of Warren Edward Buffett, Known as the “Oracle of Omaha”.
Buffett was born at Omaha, Nebraska (USA) on August 30, 1930. When he was 11, Buffett already bought stocks. At the age of 19 he started investment in top MNCs.This interest of investing money made him business tycoon, Chairman and CEO of Berkshire Hathaway.
He was once rejected by Harvard Business.Even his father-in-law didn’t have much faith in Buffett and his plans for the future. In fact, he was adamant that Buffett would fail but now people have bid up to $4.57 million to have lunch with him. Buffett worked in Buffett Falk & Corp. as an investment salesman in his early 20s. after that Buffett work in Graham-Newman Corp. as a securities’ analyst. He made $37 million a day in 2013. Infact, 94 percent of his wealth was earned when people think for retirement. After making almost $3.4 billion donations, Buffet ranked 3rd in the Forbes List of Billionaire 2018.
Some facts about buffett that many wouldn’t believe are that He eats like a 6-year-old. He is an avid Coke drinker, and his company Berkshire Hathaway is the largest Coca-Cola investor, with a 9.3 percent stake. His popularity can be judged by the fact that his face was on Cherry Coke cans in China. We think billionaires have mansions, expensive cars, luxurious life but Mr.Buffett has been living with his family in the same old Omaha house since 1958.Buffett rarely emails — in fact, he claims that he has only sent one email in his life and it ended up in federal court. He doesn’t follow anyone on Twitter.
Buffett was awarded the highest civilian honor, the “Presidential Medal of Freedom,” by former President Barack Obama. Due to his philanthropic donations.Obama described Buffett as “not only as one of the world’s richest men but also one of the most admired and respected”. In order to learn more from Buffett we can read books like The Essays of Warren Buffett: Lessons for Investors and Managers, Back to School: Question & Answer Session with Business Students in 2008, Warren Buffett On Business in 2017.
“Rule number one : Never lose money,” says Buffet. ” Rule number two : Never forget rule number one”.
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