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ENTREPRENEUR WARREN BUFFET

GUIDED BY : MISS,RASHMI RAI

SUBMITTED BY : ABHINAV SINGH

CONTENTS
INTRODUCTION
BACK

GROUND WARREN BUFFETTS EDUCATION MONEY-MAKING SCHEMES EMPLOYMENT BERKSHIRE HATHAWAY WARREN BUFFETT SIX PRINCIPLES
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INTRODUCTION
BORN : PARENTS : NATIONALITY : ALMA MATTER :
Warren Edward Buffet August 30,1930(age 80) Howard and Leila Buffet American Citizen University of Pennsylvania

University of Nebraska ,lin. Columbia University.

OCCUPATION :

Chairman & CEO, Berkshire Hathaway

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SALARY :
NET WORTH :

US$100,000

US$ 5O BILLION (2010)

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BACK GROUND

Largest shareholder and C.E.O of Berkshire Hathaway, and is currently ranked by Forbes as the third richest human on Earth with an estimated net worth of approximately 50 billion dollars. Buffet is also a notable philanthropist ,having pledged to give away 85% of his fortune to the Gates Foundation , He also serves as a member of the board of trustees as Grinnell College. In1999 , Buffet was named the top money manager of the twentieth century in a survey by the Carson Group , ahead of Peter Lynch and John Templeton. In 2007 , he was listed among Times 100 Most Influential People in the world.

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Warren Buffetts Education


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In 1947, a seventeen year old Warren Buffet graduated from High School . It was never his intention to go to College. He had already made $5,000 delivering newspapers (this is equal to $42,610,81 in 2000) His father urged his son to attend the Wharton Business School at the University of Pennsylvania. Buffett interested in the area of mathematics and statistics , He focused on mathematics and statistics at University of Nebraska to finish his degree. Harvard Business School(Rejected). Entered Columbia Universitys graduates school of business , where he obtained a masters degree in business. Ben Graham and David Dodd (Mentor).

Money-Making Schemes
AGE 6 Peddled Coke. AGE 9 Carrying golf clubs for $3 per day. AGE 11 Bought his first stock. AGE 11-13- Sold used golf balls AGE 13 Carrier for Washington Post and 4 other newspapers. AGE 14 Bought 40 acres of farmland and leased it out. AGE 16 Rented out used pinball machines making up to $50 a week.

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EMPLOYMENT

Worked for Buffett-Falk & Co. as an investment , salesman after graduating with a Matters in Economics,(1951-1954). Worked for Graham-Newton corp, as a securities analyst (1954-1956). Formed Buffett partnership , Ltd and appointed himself General Partner (1956-1969). Bought over Berkshire Hathaway Inc in 1962 and because Chairman and CEO in 1970.

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BERKSHIRE HATHAWAY

A Textile mill purchased in 1962 ,suffering a $2.2m loss at time of purchase. Priced at $8/share of working capital.
Buffet currently holds 38% of shares , valued at total of $36 bn. Has stakes in Coca-Cola(2nd largest shareholder), Gillette, American Express , Disney , McDonalds , Dairy Queen.

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Warren Buffett Six Principles

PRINCIPLE 1 :- KEEP IN SIMPLE.


PRINCIPLE 2 :- BE A INVESTOR,NOT A TRADER.

PRINCIPLE 3 :- FIND OUTSTANDING BUSINESS.


PRNICIPLE 4 :- MAKE YOUR OWN DECISIONS. PRINCIPLE 5 :- LEAVE A MARGIN OF SALERY. RULE 1 :- NEVER LOSE MONEY. RULE 2 :- NEVER FORGET RULE NO.1. PRNCIPLE 6 :- FOCUS ON STRENGTHS.

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FOOLS GIVE YOU REASON, WISE MAN NEVER TRY

- WARREN BUFFETT

THANK YOU
"The HAPPIEST people DO NOT necessarily have the BEST of all.
They simply APPRECIATE what they find on their way

Let us choose the way to live