Warren Edward Buffett It is the legend of the world of investments. At the age of 94, we have accumulated a fortune of more than $ 160 billion and is currently the fifth richest human on this planet.
However, it maintains simple habits – or, if you prefer, strange.
He lives in the same house that he bought in 1958 in Omaha, and often accompanied by the soda box Coca -Cola cherry He does not dispense with the breakfast he bought himself in driving McDonald’s.
The son of a member of Congress and the mediator was never poor, but he showed an early and unusual talent to work since he was very young.
One of the best known stories dates back to 1936, when Buffett bought, at the age of six, he bought boxes with six bottles of Coca -Cola in his grandfather’s grocery store. For half a half decorations, pay 25 cents.
Then he sold each bottle for 5 cents, and thus achieved a profit of 5 cents with everything that was negotiated. 20 % profit margin – not bad.
With the success of drinks, he decided to expand the scope of work and the small merchant began to do the same with the gums. For sale, the small buffet went from door to door in the city’s streets where he lives today.
The wisdom in adolescence continued when he lived in Washington for a few years. There, the newspapers were delivered. It was pushed with every delivery newspaper, but Pavite wanted more.
To benefit from the gains, he improved delivery methods and began selling newspapers signatures. These days, they will say it is “added to services.”
Years later, in the youth, I bought ball machines and pins to install in shaving stores. The profit is divided with the barber.
The success of the work was clear, but the great change occurred at the university. At Colombia Business College, he was a student Benjamin GrahamIt is considered a “valuable investment father”.
This philosophy for resource management has its main axis Buy hard companies shares For a lower price than its fundamental value. It has become a bouvit talisman.
From there, it is the story that we know.
Pavite created a portfolio of iconic companies. He is a major investor in companies that are real American symbols, such as coca colaand American Express E apple.
In addition, the holding company for the investor, Berkshire HathawayDozens of companies in various sectors, including the insurance company JikoIce cream network Queen of DairyRailways giant BNSF railway And the battery manufacturer Doriasil.
In 94, it seems that the Puffett Pile is far from the end, but the issue of the caliphate in Berkshire Hathaway is a relevant subject. Puffett has already indicated that Greg Abel, the group’s current vice president, will be his successor as CEO.
when? No one risked betting.
Warren Pavite heritage, however, exceeds the numbers. He created a real rational investment philosophy based on moral management and a great ability to communicate and teach.
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