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About Warren Buffett
Warren Edward Buffett born on August 20, 1930, is one of the most successful investors of all time and is also known as the “oracle of Omaha”. He was an extraordinary child born to mother Leila and father Howard who is now a Congressman. He developed a keen interest in business and money at a very early age.
When other children were busy playing games in the streets, little Buffett was busy analyzing his business skills. When he was six years old, he bought six-packs of coca-cola cans from his grandfather’s grocery shop and decided to resold each pack. He earned a profit of five percent by experimenting with his business mind.
Warren Buffett started running his own business as a paperboy at the age of 13 and filed his first tax return. He learned another business lesson when he with his friend purchased a used pinball machine for $25. He was in high school at that time but installed a barbershop to earn profits. The purchase of a pinball machine incurred high profits encouraging him to buy more machines. He set up machines at three different places and later sold his business ...
... for $1200.
Warren Buffett’s EDUCATION:
He went to the University of Pennsylvania to study business. In 1951, he did his master’s degree in Economics from the University of Columbia. He was taught by famed investors like Benjamin Graham and David Dodd. He learned a lot from both the professors.
Buffett was a brilliant student of Graham. He used to always score an A+ grade in his classes. However, Graham did not want him to work at Wall Street after the completion of graduation. Later, Warren offered to work for Graham’s partnership for free but Graham advised him not to do so.
Warren came home and found a job at his father’s brokerage. He started seeing Susie Thompson and both of them got married. During these years, his investments were very limited to Texaco station and he finally decided to teach lessons at the University of California at night. But good days came fortunately when his professor, Graham finally called him up to work with him.
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