ENTREPRENEUR WARREN BUFFET
GUIDED BY : MISS,RASHMI RAI
SUBMITTED BY : ABHINAV SINGH
CONTENTS INTRODUCTION BACK GROUND
WARREN
BUFFETT’S EDUCATION
MONEY-MAKING SCHEMES EMPLOYMENT BERKSHIRE HATHAWAY WARREN BUFFETT SIX PRINCIPLES
INTRODUCTION BORN :
Warren Edward Buffet August 30,1930(age 80)
PARENTS : NATIONALITY : ALMA MATTER :
Howard and Leila Buffet American Citizen University of Pennsylvania University of Nebraska ,lin. Columbia University.
OCCUPATION :
Chairman & CEO, Berkshire Hathaway
SALARY : NET WORTH :
US$100,000 US$ 5O BILLION (2010)
BACK GROUND
Largest shareholder and C.E.O of Berkshire Hathaway, and is currently ranked by Forbes as the third richest human on Earth with an estimated net worth of approximately 50 billion dollars. Buffet is also a notable philanthropist ,having pledged to give away 85% of his fortune to the Gates Foundation , He also serves as a member of the board of trustees as Grinnell College. In1999 , Buffet was named the top money manager of the twentieth century in a survey by the Carson Group , ahead of Peter Lynch and John Templeton. In 2007 , he was listed among Time’s 100 Most Influential
People in the world.
Warren Buffett’s Education
In 1947, a seventeen year old Warren Buffet graduated from High School . It was never his intention to go to College. He had already made $5,000 delivering newspapers (this is equal to $42,610,81 in 2000) His father urged his son to attend the Wharton Business School at the University of Pennsylvania. Buffett interested in the area of mathematics and statistics , He focused on mathematics and statistics at University of Nebraska to finish his degree. Harvard Business School(Rejected). Entered Columbia University’s graduates school of business , where he obtained a master’s degree in
business. Ben Graham and David Dodd (Mentor).
Money-Making Schemes AGE 6 – Peddled Coke. AGE 9 – Carrying golf clubs for $3 per day. AGE 11 – Bought his first stock. AGE 11-13- Sold used golf balls AGE 13 – Carrier for Washington Post and 4 other newspapers. AGE 14 – Bought 40 acres of farmland and leased it out. AGE 16 – Rented out used pinball machines making up to $50 a week.
EMPLOYMENT
Worked for Buffett-Falk & Co. as an investment , salesman after graduating with a Matter’s in Economics,(1951-1954).
Worked for Graham-Newton corp, as a securities analyst (1954-1956).
Formed Buffett partnership , Ltd and appointed himself General Partner (1956-1969).
Bought over Berkshire Hathaway Inc in 1962 and because Chairman and CEO in 1970.
BERKSHIRE HATHAWAY
A Textile mill purchased in 1962 ,suffering a $2.2m loss at time of purchase. Priced at $8/share of working capital.
Buffet currently holds 38% of shares , valued at total of $36 bn.
Has stakes in Coca-Cola(2nd largest shareholder), Gillette, American Express , Disney , McDonalds , Dairy Queen.
Warren Buffett Six Principles
PRINCIPLE 1 :- KEEP IN SIMPLE.
PRINCIPLE 2 :- BE A INVESTOR,NOT A TRADER.
PRINCIPLE 3 :- FIND OUTSTANDING BUSINESS.
PRNICIPLE 4 :- MAKE YOUR OWN DECISIONS.
PRINCIPLE 5 :- LEAVE A MARGIN OF SALERY. RULE 1 :- NEVER LOSE MONEY. RULE 2 :- NEVER FORGET RULE NO.1.
PRNCIPLE 6 :- FOCUS ON STRENGTHS.
‘’FOOLS GIVE YOU REASON, WISE MAN NEVER TRY’’
- WARREN BUFFETT
THANK YOU "The HAPPIEST people DO NOT necessarily have the BEST of all. They simply APPRECIATE what they find on their way”
Let us choose the way to live
