Warren Buffett: Billion on account of 160 billion and breakfast at McDonald’s
Warren Edward Buffett This is the myth of the world of investment. At the age of 94, he surpassed $ 160 billion and is currently the fifth rich man on the planet.
However, it keeps regular habits – or, if you want, it is tremendous.
He lived in the same house in 1958 in Omaha, often with cans soda Cherry Coke And does not deliver with a breakfast purchased by himself in drive-throw doo McDonald’s.
The son of Congress and broker, Buffett is not always poor, but he has shown early and extraordinary talent for business since childhood.
One of the best stories dates back to 1936, Buffett, at the age of six, bought six bottles of Cocaula with six bottles in his grandfather’s grocery store. For half a dozen bottles, he paid 25 cents.
He then sold each bottle to 5 cents and thereby gaining 5 cents of profit with each discussion. 20% profit – not bad.
As he was successful in drinks, he decided to expand the business and began to do the same with the small merchant Gum. To sell, a small buffet went from the house to the streets of the city today.
The sagittarius continued in adolescents when he lived in Washington for a few years. There, I distributed newspapers. It was paid with each newspaper, but Buffett wanted more.
And to influence profits, he optimized the delivery means and began to sell newspaper signatures. Nowadays, they say that they “added services”.
A few years later, in young people, I bought Pinball machines to install barber shops. Profit is divided with barber.
Business success is clear, but there has been a large scale change in the university. At Columbia Business School, he is a student Benjamin GrahamIs considered as the father of the “value of investment.”
This philosophy of resource management is its main focus Buy shares of solid companies For a lower price than its internal value. It became the mantra of Buffett.
From there, this is a story we know.
Buffett set up a portfolio of iconic companies. He is a major investor in organizations that are real US symbols CocacolaWere, and,, and,, and,, and,.. American Express E. Apple.
In addition, the investor’s holding company, the Berkshire HathawayHas dozens of companies in various sectors, including the insurance company GeekoIce cream network Dairy queenRailway giant BNSF Railway And the battery manufacturer Duracell.
At 94, the Buffet pile seems to be far from the end, but the problem of heritage in Berkshire Hathaway. Buffett has already suggested that the group will be his successor as the current Vice President Greg Abel CEO.
When? No one has risked betting.
The heritage of Warren Buffett, however, exceeds numbers. He created a true rational investment philosophy based on moral management and created a great ability to communicate and teach.
