WARREN BUFFETTWARREN BUFFETT

Warren Buffett is an American Warren Buffett is an American investor industrialist and philanthropist.investor industrialist and philanthropist.

He is one of the most successful He is one of the most successful investors in the world. Often called the investors in the world. Often called the “Investment Guru” and “Oracle of “Investment Guru” and “Oracle of Omaha”.Omaha”.

He is consistently ranked among the He is consistently ranked among the world's wealthiest people and currently world's wealthiest people and currently he is the second richest person in the he is the second richest person in the world with $58.5 billion.world with $58.5 billion.

Buffett is also a notable philanthropist, Buffett is also a notable philanthropist, having pledged to give away 99 percent having pledged to give away 99 percent of his fortune to philanthropic causes, of his fortune to philanthropic causes, primarily via the Gates Foundation primarily via the Gates Foundation

He also serves as a member of the He also serves as a member of the board of trustees at Grinnell College.board of trustees at Grinnell College.

CHILDHOOD: EvenCHILDHOOD: Even as a child, as a child, Buffett displayed an interest in Buffett displayed an interest in making and saving money. He went making and saving money. He went door to door selling chewing gum, door to door selling chewing gum, Coca-Cola, or weekly magazines. Coca-Cola, or weekly magazines. For a while, he worked in his For a while, he worked in his grandfather's grocery store. While grandfather's grocery store. While still in high school, he carried out still in high school, he carried out several successful money-making several successful money-making ideas.ideas.

COLLEGE: Wharton School of the COLLEGE: Wharton School of the University of Pennsylvania (1947–49). University of Pennsylvania (1947–49).

Buffett enrolled at Columbia Business Buffett enrolled at Columbia Business School after learning that Benjamin School after learning that Benjamin Graham (author of "The Intelligent Graham (author of "The Intelligent Investor” One of his favorite books on Investor” One of his favorite books on investing) and David Dodd, two well-investing) and David Dodd, two well-known persons were taught here.known persons were taught here.

CareerCareer Buffett was employed from 1951–54 at Buffett was employed from 1951–54 at

Buffett-Falk & Co.Buffett-Falk & Co., Omaha as an Investment , Omaha as an Investment Salesman.Salesman.

1954–1956 at 1954–1956 at Graham-Newman Corp.Graham-Newman Corp., New York , New York as a Securities Analyst.as a Securities Analyst.

1956–1969 at 1956–1969 at Buffett Partnership, Ltd.Buffett Partnership, Ltd., Omaha as , Omaha as a General Partner a General Partner

1970 – Present at Berkshire Hathaway Inc, Omaha 1970 – Present at Berkshire Hathaway Inc, Omaha as its Chairman, CEO. as its Chairman, CEO.

Other notable career success include helping Other notable career success include helping rescue Salomon Brothers from corporate raiders rescue Salomon Brothers from corporate raiders (1987) and taking charge of the New York City (1987) and taking charge of the New York City house (1992) in the wake of an insider trading house (1992) in the wake of an insider trading scandal.scandal.

INVESTMENT TIPS BY INVESTMENT TIPS BY WARREN BUFFETTWARREN BUFFETT

10 ways to get rich10 ways to get rich Reinvest your profitReinvest your profit Be willing to be differentBe willing to be different Never Suck your thumbNever Suck your thumb Spell out the deal before you startSpell out the deal before you start Watch your small expensesWatch your small expenses Be PersistentBe Persistent Limit what you borrowLimit what you borrow

Know when to quitKnow when to quit Assess the riskAssess the risk Know what success really meansKnow what success really means

BillionaireBillionaire

Buffett became a billionaire on Buffett became a billionaire on paper when Berkshire Hathaway began paper when Berkshire Hathaway began selling class A shares on May 29, 1990, selling class A shares on May 29, 1990, when the market closed at $7,175 a when the market closed at $7,175 a share. In 1998, he acquired General share. In 1998, he acquired General Re(Gen Re), (in a rare move, for stock). Re(Gen Re), (in a rare move, for stock). In 2002, Buffett became involved with In 2002, Buffett became involved with Maurice R. Greenberg at AIG, with Maurice R. Greenberg at AIG, with General Re providing reinsurance.General Re providing reinsurance.

Time Line of Buffet Time Line of Buffet AchievementsAchievements

1943: (13 years old)1943: (13 years old)

Buffett filed his first income tax return, Buffett filed his first income tax return, deducting his bicycle as a work expense for deducting his bicycle as a work expense for $35. $35.

1945: (15 years old)1945: (15 years old)

In his senior year of high school, Buffett and In his senior year of high school, Buffett and a friend spent $25 to purchase a used pinball a friend spent $25 to purchase a used pinball machine, which they placed in a barber shop. machine, which they placed in a barber shop. Within months, they owned three machines Within months, they owned three machines in different locations.in different locations.

1949: (19 years old)1949: (19 years old)

In 1949, he was initiated into Alpha Sigma Phi In 1949, he was initiated into Alpha Sigma Phi Fraternity while an undergraduate at the Fraternity while an undergraduate at the Wharton Business School at the University of Wharton Business School at the University of Pennsylvania Pennsylvania

1950: (20 years old)1950: (20 years old)

Buffett enrolled at Columbia Business School Buffett enrolled at Columbia Business School after learning that Benjamin Graham and after learning that Benjamin Graham and David Dodd taught there.David Dodd taught there.

1979: (49 years old)Berkshire began the year trading at $775 per share, and ended at $1,310. Buffett's net worth reached $620 million, placing him on the Forbes 400 for the first time.

1988: (58 years old)Buffett began buying stock in Cola-Cola Company, eventually purchasing up to 7 percent of the company for $1.02 billion.

Books by Warren Books by Warren BuffettBuffett Essays of Warren BuffettEssays of Warren Buffett

Thoughts of Chairman BuffettThoughts of Chairman Buffett

Warren Buffett SpeaksWarren Buffett Speaks

Website: www.warrenbuffett.comWebsite: www.warrenbuffett.com