THE BEFITTING BUFFETT:The investment industry is incomplete without the story of Mr Warren Edward Buffett. Born on 30th August 1930, Buffett’s journey is nothing less of a movie story. There are many adjectives that come along with his name say business magnate, investor, philanthropist, social worker… the list is never-ending. The Chairman and CEO of Berkshire Hathaway, Buffett till date is considered as the most successful investors of the world. With a net worth of US$84 billion (as of June 3, 2018), is also called the Oracle of Omaha and is the third wealthiest person in the world. So since it’s his birthday month, we decided to delve into his life and take some quotes from his life so far.
THE RISE: Buffett was born in Omaha, Nebraska to Howard and Leila and was an exceptional kid. He was always sure of what he wanted to do with life. Business and investment was something he had in his even as a kid which made him enter the Wharton School of the University of Pennsylvania in 1947 before transferring and graduating from University of Nebraska at the age of 19. His senior yearbook picture reads: ’likes math; a future stockbroker.’ and we are not shocked. Young Warren used to write stock prices at his father’s office and is even rumoured to have told his friend that if he doesn’t become wasn't a millionaire by age 30, he would jump off of the tallest building in Omaha. At the age of 7, he read a book ‘One Thousand Ways To Make $1000’ which he says was the inspiration behind his ambition. He was just 10-years-old when he visited the New York Stock Exchange for the first time. Soon the next year Buffett bought his first shares from NYSE, three for himself and three for his sister just at the age of 11. And then there was no stopping him.
Buffett did all sorts of jobs, such as selling chewing gum, golf balls, Coca-Cola bottles, and weekly magazines door to door, working in a grocery store and detailing cars, among many others. During high school, Buffet and his friend purchased a second-hand pinball machine and placed it in a local barbershop with an investment of $25. It did not take much time for them to buy several other machines and placed it in three different barber shops across Omaha. Later they sold their business at ww$1,200 in just a year.
ONE MORE INFLUENCING GRAHAM: Benjamin Graham is known as the ‘father of value investing’ and Buffett followed him religiously. Graham used to teach at Columbia Business School of Columbia University where Buffett enrolled for Master of Science in Economics in 1951. After graduating, Buffett attended the New York Institute of Finance. When the GrahamNewman partnership wound up in 1956, Warren used what he had learned to create his own partnerships in Omaha. These partners would one day become early Berkshire Hathaway shareholders.
FIRST PROPERTY AT 15: When we were 15, we had just finished our boards and were still wondering what subject to pursue further, Buffett had purchased his first property. He had saved $2,000 which he used to buy a 40-acre farm in Nebraska. The money he got from farming was used to pay his university bills. Did you know that even after being so hardworking and farsighted since a very young age, Buffett was still rejected by Harvard? But he did not lose hope and matriculated at Columbia Business School for Master of Science in Economics in 1951.
After finishing his degree, Buffett taught investing at the University of Nebraska in Omaha before moving to New York to work with his mentor, Benjamin Graham. Since he was missing his native so much that he moved back to Omaha and bought his own house worth $31,500 and called the ‘decision’ as ‘Buffett’s Folly’.
Continue reading your story on the app
Continue reading your story in the magazine
FLIPPING CARS WITH BLAZING STARS
In conversation with ROHIT SHETTY
Creative Stage V2 Soundbar review
SHOOTS FAST AND LASTS LONGER
Samsung F62 Review
Tech Launches This Month
Samsung launched the Galaxy F62 earlier this month at a competitive price point.
TWITTER VS THE POTUS: THE ENTIRE STORY
Twitter first suspended Donald Trump’s account in May 2020 when he claimed postal votes were fraudulent. Since then several significant incidents happened over last year including the death of Georgy Flyod, Black Lives Matter protest, riots in major cities, the expulsion of the central police forces in several states, etc.
WHATSAPP'S WANTS YOUR DATA AND IT'S NOT ASKING FOR PERMISSION
Facebook-owned popular instant messaging service Whatsapp is getting a lot of flack from Indian users, tech enthusiasts and other important official figures, since its last software update which, as per cybersecurity experts, removed the platform's earlier emphasis on Privacy and Security.
INFLUENCER OF THE MONTH
THE ARCHITECTURAL DRIVE HAMPI
A Six hour Drive from Bengaluru will take you back 600+ years in History
IN-GAME VEHICLES WE WISH WERE REAL
Videogames never fail to transport us to a world that is far beyond our reach, yet controllable by the tips of our fingers (quite literally). While open-world games offer a vast, new lifestyle to explore, they also give us a taste of some unique vehicles. Well, calling them vehicles would be an understatement as these perform so many more tasks than just commute, but they’re some uber-cool pieces of machinery nevertheless. That said, here are some of the coolest in-game vehicles that we would love to test-ride!
BEST VIDEO GAME FRANCHISES OVER THE YEARS
Ever since gaming has reached the digital age, there have spawned numerous titles and franchises across the globe. While some were just one-trick ponies or got lost in the sands of time, there were others who cemented their names in history as some of the best video games. These also led to the rise of multiple franchises, who have since gone on to become multibillion-dollar industries in themselves. Following is a list of such video game franchises who have only grown bigger as the years have passed:
FLOYD'S KILLER COP MARKED FOR DEATH!
Experts warn rogue lawman won’t leave prison alive
ROYAL FEUD BY THE NUMBERS!
Mixing mystic arts to explain the pain
Scientist creates first human-ape embryo!
COVIDIOT TED LEARNS TRUTH THE HARD WAY
Now, even after battling the virus, he’s still refusing to get vaccinated!
ROSEANNE OUT FOR REVENGE!
Plots TV comeback three years after fired from sitcom
NANCY REAGAN WAS A HOPELESS ADDICT!
First lady couldn’t say no to pills!
Road repair sweetheart blown away on street
TIGER AFFAIR DROVE ME TO DRUGS!
Ex-love exposes golfer’s cruelty
GHISLAINE MAXWELL'S PHOTO NIGHTMARE!
Shocking evidence she doesn't want sex crime jury to see
HARRY HIT WITH ROYAL DIVORCE ULTIMATUM!
Furious Charles explodes after rebel son shuns grieving queen’s 95th birthday!