Warren Edward Buffett is an American business magnate, investor and philanthropist. He is one of the most successful investor in the world. As of March 2017, he was named the second wealthiest person in the United States and the fourth wealthiest in the world.
Buffett developed an interest in business and investing in his youthful days. Due to this, he has been referred to as ‘’Wizard’’, ‘’Oracle’’ or ‘’Sage’’ by global media outlets. He is known for his adherence to value investing and for his personal frugality despite his immense wealth.
Despite being a prominent businessperson, he is also active in contributing to political issues. In 2016, he endorsed the Democratic Presidential candidate, Hillary Clinton in the U.S. presidential elections and he has publicly opposed the policies, actions and statements of President Donald Trump.
How I wish, everyone could learn that today doesn’t define tomorrow; our interest, focus and goals are what drive us. Buffett’s interest in business began in his early age where he went a mile forward and worked in his grandfather’s grocery. As young as he managed to invest in assets and stock markets.
Warren Buffett, chief executive officer of Berkshire Hathaway, drinks a Cherry Coca-Cola as he tours the exhibition floor prior to the Berkshire Hathaway annual meeting in Omaha, Nebraska, U.S., on Saturday, May 1, 2010. Buffett, the Wall Street critic who invested $5 billion in Goldman Sachs Group Inc., said he supports the bank’s Chief Executive Officer Lloyd Blankfein ‘100 percent’ after the firm was sued by regulators for fraud. Photographer: Daniel Acker/Bloomberg via Getty Images
Warren Buffett once said that the basic ideas of investing are to look at stocks as business, use the market’s fluctuations to your advantage, and seek a margin of safety. That is what he was taught by Ben Graham. This is the reason Buffett is famous for investing in companies such as Coca Cola, Wells Fargo and IBM.
“An investor needs to buy the stock as if he is buying the whole company down the road.”
A hundred years from now, they will still be the cornerstones of investing.
Throughout the years, Buffett worked and improved his career and managed to marry and purchased a house, which he still lives in to date. I guess that is why most of us refer to him as frugality.
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