WARREN

BUFFETT

ENTREPRENEUR
ORACLE OF OMAHA
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INTRODUCTION
BORN : Warren Edward Buffett
August 30,1930(age 84)
PARENTS : Howard and Leila Buffet
NATIONALITY : American Citizen
ALMA MATTER : University of Pennsylvania
University of Nebraska ,lin.
Columbia University.
OCCUPATION : Chairman & CEO, Berkshire
Hathaway
SALARY : US$100,000
NET WORTH : US$ 68 BILLION (2014)



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BACKGROUND
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 68
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 Buffets Education
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 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.
Benjamin Graham and David Dodd (Mentor).



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Money-Making Schemes
AGE 6 Peddled Coke.
AGE 9 Carrying golf clubs for $3 per day.
AGE 11 Bought his first stock Cities Services
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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PROFESSIONAL LIFE
Worked for Buffett-Falk & Co. as an investment ,
salesman after graduating with a Masters 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 became
Chairman and CEO in 1970.
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INVESTMENT IN DEMPSTER MILL
Guiding principle:
Never count on making a good sale. Have the
purchase price be so attractive that even a
mediocre sale gives good results. The better
sales will be frosting on the cake.
Buy businesses whose management you trust
enough to leave in place
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BERKSHIRE HATHAWAY
A Textile mill purchased in 1962 ,suffering a $2.2m loss at
time of purchase. Priced at $14.86/share
Cash extracted was reinvested into insurance business
Moved business from textiles to insurance
The share is currently trading at above $200,000
PRINCIPLE : FLOAT- INVEST IN OTHERS GROWING
BUSINESSES from Receipts of current business
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Salomon Brothers

Invested $700 m Largest Investment
Crisis hit the company
Infuriated the regulatory authorities
Verge of Bankruptcy
Took control of the situation


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Believe in Yourself
I always knew I was going to be rich. I dont think I ever doubted it for a minute
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Do what you are
Passionate About

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WE WILL NOT TRADE REPUTATION WITH MONEY
LOSE MONEY AND I WILL FORGIVE YOU, BUT LOSE EVEN A SHRED OF REPUTATION AND I
WILL BE RUTHLESS.

It takes 20 years to build a reputation and five minutes to
ruin it. If you think about that, youll do things differently.
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LISTEN TO YOURSELF AND NOT THE CROWD
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BE FRUGAL, KEEP IN SIMPLE
BE CAREFUL WHO YOUR FRIENDS ARE
IT IS BETTER TO HANG OUT WITH PEOPLE BETTER THAN YOU. PICK OUT ASSOCIATES WHOSE
BEHAVIOUR IS BETTER THAN YOURS AND YOULL DRIFT IN THAT DIRECTION. .
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His advice to young people: Stay away from
credit cards
Avoid bank loans and invest in yourself.
BE AN INVETOR,
NOT A TRADER
SOME RULES OF INVESTING
INVEST, DONT SPECULATE
BE A BUSINESS OWNER
DO NOT DIVERSIFY
ALLOCATE CAPITAL EFFICIENCY
DONT GET INTO DEBT

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WARREN BUFFETT -
FOOLS GIVE YOU REASON,
WISE MAN NEVER TRY
THANK YOU