Warren Edward Buffett is an oracle from Omaha

Warren Buffett (English. Warren Edward Buffett, born August 30, 1930, Omaha, Nebraska, USA) is a modern symbol of overachieving investorHe is the third richest man in the world, with a fortune of $50 billion, according to Forbes magazine. According to Forbes magazine, Buffett is the third richest man in the world, with a fortune of $50 billion.

A childhood stock exchange lesson for Warren Buffett

Those unfamiliar with the great billionaire are unlikely to believe that this affable older man, who drives a used car to his favorite diner, has the capital to buy up the dozen Omaha-type towns where he lives. Nevertheless, get to know Warren BuffettProbably one of America's favorite rich people, the owner of a large block of shares in a corporation The Berkshire HathawayIt has not had dramatic ups and downs, just a steady, tenacious build-up of its own assets, and has always remained a long-term investor. It has not had dizzying ups and downs; it has simply steadily and tenaciously built up its own assets, always remaining a long-term investor.

Unlike many Wall Street heroes, Buffett was born into a very wealthy family. His father was a successful broker who then went into politics and became a U.S. congressman. Little Warren discovered his business acumen as a child, as well as his talent for memorizing big numbers. As an 11-year-old boy, he used the money he borrowed from his father to buy three preferred shares in Cities Service for $38, which he then sold for 40 and made a profit of five dollars less commission. What was the young man's annoyance? speculatorThe price of Cities Service securities jumped to $200 in just a few days! Thus, already in his childhood Warren Buffett learned the main rule of a reasonable investor - "patience is rewarded".

"A+ by Benjamin Graham

The future financial genius received a brilliant education, graduating from the University of Nebraska and the famous Columbia University. It was the latter university that had the most important influence on the further destiny of the main character. Warren Buffett started attending seminars of the famous investor of that time, Benjamin Graham, devoted to the analysis of securities. The young man mastered the course brilliantly, and Graham had no other choice but to give the highest grade - "A-plus" - for the first time in his teaching practice.

Warren Buffett is a long-term investor

Buffett's ascent to financial Olympus began in 1962: as director of Buffett Partnershop Ltd.formed from the contributions of his relatives and friends, he purchased The Berkshire Hathaway textile company. It is the name that will become the familiar embodiment of Warren's mighty empire, which he created over half a century. Buffett wasn't buying stock; he was buying a business. Understandable, relevant and promising. In spite of the fact that the Oracle of Omaha, as he became known for his super visionary decision-making, often chose undervalued companies, he had a keen eye for those whose assets sooner or later became marketable.

Warren Buffett prefers not to interfere in administrative matters of his acquisitions. He limits himself to appointing or reappointing the CEO and determining his salary. Therefore, the CEO becomes self-interested in the productivity and efficiency of his management. Warren Buffett also values sincere partnerships. With his closest associate Charlie Munger, for example, he has known him since childhood.

Aah from Moody's

The Oracle of Omaha is not inherently debt-ridden. By minimizing risk, The Berkshire Hathaway is one of the seven issuersknown for its demanding Moody's assigned the highest credit rating - Aahwhich provides the corporation with a low cost of capital.

Buffett's empire includes securities of such world-renowned issuers as McDonald's Corp, Coca-Cola Co., Gillette, American Express, The Washington Post Co.

Charity Breakfast with Buffett

Warren Buffett's donation The $$37 billion to five charities (most of the money will go to his friend Bill Gates) has already become the most generous act of philanthropy in history. And that's not counting the charity countdowns of the money paid by those willing to have breakfast with the famous billionaire. In 2011, for example, the winner of an auction gave a record $2.63 million.