Warren Buffet is an American business magnate, investor, and philanthropist. He is widely considered the most successful investor of the 20th century. Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway and consistently ranked among the world’s wealthiest people.
Warren Buffett was born in Omaha (Nebraska) in 1930, in the middle of the United States. Interested in the stock market since the age of 16 years, Buffett has exercised only one business over the last forty years: the investment. Given the immense wealth thus accumulated, he definitely deserves pride of place in the pantheon of fund managers!
In 1956, Warren Buffett moved back to his hometown, where he has lived since. He is gradually taking control of a publicly traded textile group, Berkshire Hathaway. After having put the company right, he uses Berkshire as an investment vehicle: in 1967, he acquired a first insurance company, National Indemnity and later GEICO. Soon, insurers will become the main providers of liquidities to the holding company that is Berkshire Hathaway.
Almost unchanged since the beginning of his career, his investment principles make Warren Buffet a “good father”. He focuses primarily on undervalued companies – listed or not – profitable, and whose know-how “niche” make it leaders in their respective markets. No matter their lines of business: Warren Buffet is a financial not an industrial.
The success has never reduced: the value of the assets of Berkshire Hathaway progressed by an average of 21.1% per year between 1965 and 2007, twice more than the U.S. stock market index S & P 500 over the same period.
Today, the action Berkshire Hathaway class ‘A’ is the most expensive of the New York Stock Exchange market: never divided, it was trading at around $ 123,000 at October 21, limiting its drop at 13 % since the beginning of the year, little compared with the 33 % of S & P 500. The Berkshire’s portfolio currently counts less than forty shares, mostly American.
According to Forbes in March 2011, Warren Buffett is the third richest man in the world behind Bill Gates and Carlos Slim, with a fortune estimated at $ 50 billion.
In 2010, the Economic journalist and author, Alice Schroeder, writes a biography of Warren Buffett, called “the snowball”. This complete biography of the man known to all as “the Oracle of Omaha” was written with the cooperation of Buffett himself, he has devoted thousands of hours and opened its files and address book to Alice Schroeder, allowing her to contact his wife, children, friends and associates. All this work gave a deep analysis of his philosophy of life- probably the report the most comprehensive we have ever.
Currently, Buffet ranks number 4 in Forbes riches people on the Planet 2013. http://www.forbes.com/billionaires
“Take me as an example. I happen to have a talent for allocating capital. But my ability to use that talent is completely dependent on the society I was born into. If I’d been born into a tribe of hunters, this talent of mine would be pretty worthless. I can’t run very fast. I’m not particularly strong. I’d probably end up as some wild animal’s dinner.”
“Someone’s sitting in the shade today because someone planted a tree a long time ago.”
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
Warren Buffet’s video on Bloomberg Game Changers