Saturday, October 22, 2011

Warren Buffett

warren buffett

The US Trends | Warren Buffett | Warren Edward Buffett, better known Warren Buffett(born August 30, 1930) is an American business magnate, investor and philanthropist. It is widely recognized as one of the most successful investors in the world. Often described as "legendary investor Warren Buffett," It is the principal shareholder, president and CEO of Berkshire Hathaway. It is regularly ranked among the richest people in the world. It was ranked as the richest in 2008 and is the richest person in third place in 2011.

Warren Buffett is known as the "Wizard of Omaha", "Oracle of Omaha" or the "Sage of Omaha" and is characterized by its adherence to value investing philosophy and for his personal frugality despite his immense fortune. Buffett is also notable philanthropist, who pledged to donate 99 percent of his fortune to philanthropic causes, primarily through the Gates Foundation. He is a board member at Grinnell College.

Businessman and Investor

Warren Buffett was born on August 30,1930, in Omaha, Nebraska. Investing by age 11, Buffett was running a small business at 13. Buffett later started the firm Buffett Partnership in Omaha, with huge success. In 2006, Buffett announced that he would give his entire fortune away to charity (est. $62 bil.), the largest act of charitable giving in United States history.

Born Warren Edward Buffett on August 30,1930, in Omaha, Nebraska. Buffett's father Howard worked as stockbroker and served as U.S. Congressman. His mother, Leila Stahl Buffett, was a homemaker. Warren Buffett was the second of three children and the only boy.

Buffett demonstrated a knack for financial and business matters early on in his childhood. Friends and acquaintances have said the young boy was a mathematical prodigy, and was able to add large columns of numbers in his head-a talent he still occasionally shows off to friends and business associates.

Warren Buffett often visited his father's brokerage business events as a child, and reached a share prices board in the office. At age 11 he made his first investment, he purchased three shares of Cities Service Preferred at $ 38 per share. Stock quickly dropped to only $ 27, but Buffett held on tenaciously until it reaches $ 40. He sold the shares at a small profit, but regretted the decision of the City Service almost $ 200 per share. Later, he cited this experience as a lesson to be patience to do investing.

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