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Warren Buffett: Life, Lessons, and Legacy

Warren Buffett is the 7th richest person in the world and known as the "Oracle of Omaha". He is an American businessman, investor and philanthropist. Buffett began his career selling products as a child and still lives frugally despite his immense wealth. As the chairman and CEO of Berkshire Hathaway, he has emphasized value investing and business acquisitions to build his portfolio. Buffett also donates much of his wealth to philanthropic causes through the Bill & Melinda Gates Foundation.

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220 views16 pages

Warren Buffett: Life, Lessons, and Legacy

Warren Buffett is the 7th richest person in the world and known as the "Oracle of Omaha". He is an American businessman, investor and philanthropist. Buffett began his career selling products as a child and still lives frugally despite his immense wealth. As the chairman and CEO of Berkshire Hathaway, he has emphasized value investing and business acquisitions to build his portfolio. Buffett also donates much of his wealth to philanthropic causes through the Bill & Melinda Gates Foundation.

Uploaded by

Arya Pkh
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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  • Personal Profile: Provides personal information and background of Warren Buffett, highlighting his educational and professional credentials.
  • Journey as a Young Entrepreneur: Describes Warren Buffett's early entrepreneurial ventures from childhood through adolescence, showcasing his business acumen from a young age.
  • Buffett as a Businessman: Illustrates Buffett's business achievements, major partnerships, and his role in shaping Berkshire Hathaway to its market position.
  • Buffett as a Philanthropist: Highlights Buffett's philanthropic efforts and his contributions to the Bill and Melinda Gates Foundation and other charitable causes.
  • Lessons from Buffett's Life: Shares key life lessons and financial wisdom drawn from Warren Buffett's experiences and choices throughout his life.
  • How to Become a Successful Investor: Provides insights and strategies on successful investing based on Buffett's principles, emphasizing risk management and strategic planning.
  • Few Sayings of Warren Buffett: Compiles famous quotes and advice from Warren Buffett, offering guidance on earning, spending, saving, and investment.
  • References: Lists reference sources and further reading materials related to Warren Buffett's life and business philosophies.

Warren Edward Buffett

7TH billionaire of the world

Known for his adherence to value investing, and his personal


frugality despite his immense wealth
Who is he?
Oracle of
Omaha Philanthropist

Chairman &
Business CEO of
Tycoon Berkshire
Hathaway

Entrepreneur
Investor
Personal Profile
Born on August 30, 1930 (age 90)
Nationality: American
Education: Master of Science in Economics From
University of Nebraska-Lincoln Columbia Business
School
Know as: Chairman and CEO of Berkshire
Hathaway
Net Worth: US$ 78.9 Billion (2020)
Inspired by: Book known as “One thousand ways to make
$1000”
Journey as a young Entrepreneur
 Age 6 - sold Coca-Cola bottles, chewing gum and
newspaper
 Age 9 - Carrying golf clubs for $3 per day
 Age 11- Bought his first stock( 3 shares of cities service)
 Age 11-13 - Sold used golf balls.
 Age 13 - Carrier for Washington Post and 4 other
newspapers.
 Age 14 - Bought 40 acres of farmland with $1200 of his
savings and leased it out.
 At 15, Warren made more than $175 monthly
delivering Washington Post newspapers
 Age 16 - Rented out used pinball machines making up to
$50 a week.
Buffet as a businessman
 He formed Buffett Partnership Ltd. in 1956, and by 1965 he had
assumed control of Berkshire Hathaway.

 Largest shareholder and C.E.O. of Berkshire Hathaway

 In 1987, Berkshire Hathaway purchased a 12% stake in Salomon


Inc., making it the largest shareholder and Buffett a director. 

 In 1999, Buffett 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 Time's 100 Most


Influential People in the world.
Buffet as a philanthropist

 Gave away 85% of his earning to the Bill and


Melinda Gates foundation
 He once commented, "I want to give my kids just
enough so that they would feel that they could do
anything, but not so much that they would feel like
doing nothing".
Things we get to learn from Buffet’s
Life
1. He bought his first share at age 11 and he now regrets that he started too late!

Time is money; Don’t waste it. Encourage children to invest; its never
too early for investing

2. At 11 years old, he purchased three shares of Cities Service Preferred at $38


per share. Warren held his shares until they rebounded to $40. He promptly sold
them – a mistake he soon came to regret.

Patience is virtue

2. He bought a small farm at age 14 with savings from


delivering newspapers.
One could have bought many things with little savings.

3. He still lives in the same small 3-bedroom house in mid-town Omaha, that he
bought after he got married 50 years ago.
Don't buy more than what you "really need“.
4.He drives his own car everywhere and does not have
a driver or security people around him.
You are what you are.

5. He never travels by private jet, although he owns the


world's largest private jet company.
Always think how you can accomplish things
economically.

6. His company, Berkshire Hathaway, owns 63 companies. He


writes only one letter each year to the CEOs of these
companies, giving them goals for the year. He never holds
meetings or calls them on a regular basis.
Assign the right people to the right jobs.
7. He has given his CEO's only two rules.
Rule number 1: Do not lose any of your share
holder's money.
Rule number 2: Do not forget rule number 1.

Set goals and make sure people focus on them.

8. He does not socialize with the high society crowd. His past time after
he gets home is to make himself some pop corn and watch Television.

Don't try to show off, just be your self and do what


you enjoy doing

9. Stay away from credit cads to avoid spending beyond their means
and high interest cost.

10. Always consider Margin of safety


pay less than what it’s worth
How to become a successful
Investor
Successful Investors
 Take risk by analyzing the margin of safety
 Have a well planned investment strategy
 Investing with a planned exit strategy
 Have patience
 Learning from mistakes not regretting
 They do not put all their eggs in one basket
 They never test the depth of river with both the feet
Few Sayings Of Warren Buffet
1.On earning
Never depend on single income. Make investment to
create a second source
2. On spending
if you buy things you don’t need, you will have to sell
things you need
3. On saving
Do not save what is left after spending, but spend what
is left after saving
4. On taking the risk
Never test the depth of river with both the feet
5. On Investment
Do not put all eggs in one basket
6. On Expectations
Honesty is very expensive gift.
“Do what you’re passionate about. If you do this, there will be
few people competing or running faster than you.”
- Warren Buffett
Reference

 https://en.wikipedia.org/wiki/Warren_Buffett
 https://www.slideshare.net/rakeshimk/warrenbuffet-3399333
 https://
www.investopedia.com/ask/answers/081314/how-did-warren
-buffett-get-started-business.asp
 https://www.iuvo-group.com/en/reasons-about-warren-buffett
-success
/
Thank You!

Presented By: Arya Pokharel

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