This success story is about One of the most successful investors of the world, Warren Buffett.
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Success Story: Warren Buffett(childhood)
Warren Buffett was born in 1930 in Omaha. His father’s name is Howard Buffet and his mother’s name is Leila.
The Buffett was interested in savings, business, investment, and in share market from his childhood. In his childhood, he has his interests in economics, business studies and he started investing his money from a very young age. Buffet purchased his first stock when he was only 11 years old. It shows that he was born with business in his blood.
Warren buffet displayed his investing, money-saving, and money-making skills from his young age. He sells chewing gums, coca-cola, newspapers, and magazines door to door and also worked in his grandfather’s grocery store.
WARREN BUFFETT (YOUNG AGE):
At the age of fifteen years, Warren Buffett collect resources and buy a pinball machine and place it in a barbershop. After a few months, he owned several machines across many shops.
Rule no. 1 : Never Lose Money . Rule No. 2 : Never Forget Rule No. 1 : Warren Buffett
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Along with his entrepreneurial success, his father forced him to continue his education and buffet agreed to attend the University of Pennsylvania. He then transferred to the University of Nebraska, where he graduated with a degree in three years.
At nineteen Buffett graduated from University with a Bachelor of Science degree in business administration before progressing to earn a Master’s in Economics from Columbia after being rejected by Harvard Business School. He chose the Columbia Business School after finding out that Benjamin Graham, a well-respected investor worked there.
There he studied under Benjamin Graham and David Dodd.
After completion of his studies, Buffet asked for a job from Graham but he refused to hire him at that time. Then Buffett returned to his home and started work for his father’s brokerage firm.
After some time buffet got married and Benjamin Graham also changed his mind and offered him a job in New York.
SUCCESS (WARREN BUFFETT):
Once he had arrived in New York, Buffett had the opportunity to test and develop the theories he had learned from Graham during his studies.
Buffett returned to Omaha in 1956 and he launched Buffett associates limited. In 1962 Buffett made a collaboration with Charlie Munger and then they purchased Berkshire Hathaway. Warren Buffett’s investments haven’t always been successful, but he made all the investments after full study, and all the investments are followed by value principles. He never brings his emotions in the trade. He always keeps his eye on new opportunities and always sticks to consistent strategy. This thing made him different from others and help him in achieving success in his life.
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After all of his efforts, hard work, dedication, business skills, money-making, and money savings skills he becomes one of the most successful entrepreneurs in the world.
Now Buffett is a great American businessman, investor, speaker, and philanthropist. He is considered one of the most successful investors in the world. He has a net worth of US $89.9 Billion as on May 4, 2019. And he is the third richest person in the world after Jeff Bezos and Bill Gates.
According to an analysis, Warren Buffett is the most charitable American billionaires. According to that analysis Buffett has given away more than $46 billion since 2000.
Warren Buffett’s success story teaches us that knowledge is much more important than money. If you have knowledge and decision making power then you can earn any amount of money. He taught us to work hard in life, never give up, and always follow your passion.