Warren Buffett: the genius in the person of magnate
Warren Baffetu 81-year and he is one of the three richest people in the world. Born in 1930, in the family of a produce broker, he has passed a way from a specific human resources before billionaire whose state, according to "Forbes", as many as 50 billion dollars (2011).
Warren early demonstrated entrepreneurial side. In six years he received the first revenue by buying in a shop of his grandfather bottles Coca-Cola at one price and selling their relatives on a bit more. In the 11 years he has invested money in the stock market: on the money taken from the father and elder sister, Warren bought the shares of "Cities Service", which then cost 38 dollars apiece.
History says that this was followed by the fall in prices up to $ 27, and then increase to $ 40, and beginner players are sold.
The irony was that soon the price of the shares rose to $ 200, but Warren was only sorry that he was impatient. Apparently, this and brought to life his financial strategy-he makes long-term investments, not succumbing to the fluctuations in the market.
At the age of 14 years, Warren has made its first investment in real estate-bought 40 acres of land and passed them out to farmers. After receiving higher education, it has made a number of students at Columbia University, where he taught Benjamin Graham-people, affected the worldview of Warren Buffett in the strongest possible terms. It was then that Buffett decided to buy should those companies whose products like himself. He and his "Berkshire Hathaway" own shares in the company Gillette (razors which prefers all other firms), Coca-Cola, American Express, the Washington Post, Walt Disney, and many others, large and small, u.s. and international.Despite the fact that Bill Gates is his close friend, Warren Buffett avoid persecution of companies working in the world of high technology. He said that you should invest in a good, clear business, explaining which do not need many words, and never invested in the industry, which does not understand. Warren Buffett is known as the Oracle of Omaha-so often his prediction proved to be correct. With all this, he lives modestly, although the quotes of his holding company, Berkshire Hathaway, "the former textile factory, once on the New York Stock Exchange reached 148000$ in 2008 year.
Warren Baffetu 81-year and he is one of the three richest people in the world. Born in 1930, in the family of a produce broker, he has passed a way from a specific human resources before billionaire whose state, according to "Forbes", as many as 50 billion dollars (2011).
Warren early demonstrated entrepreneurial side. In six years he received the first revenue by buying in a shop of his grandfather bottles Coca-Cola at one price and selling their relatives on a bit more. In the 11 years he has invested money in the stock market: on the money taken from the father and elder sister, Warren bought the shares of "Cities Service", which then cost 38 dollars apiece.
History says that this was followed by the fall in prices up to $ 27, and then increase to $ 40, and beginner players are sold.The irony was that soon the price of the shares rose to $ 200, but Warren was only sorry that he was impatient. Apparently, this and brought to life his financial strategy-he makes long-term investments, not succumbing to the fluctuations in the market.
At the age of 14 years, Warren has made its first investment in real estate-bought 40 acres of land and passed them out to farmers. After receiving higher education, it has made a number of students at Columbia University, where he taught Benjamin Graham-people, affected the worldview of Warren Buffett in the strongest possible terms. It was then that Buffett decided to buy should those companies whose products like himself. He and his "Berkshire Hathaway" own shares in the company Gillette (razors which prefers all other firms), Coca-Cola, American Express, the Washington Post, Walt Disney, and many others, large and small, u.s. and international.Despite the fact that Bill Gates is his close friend, Warren Buffett avoid persecution of companies working in the world of high technology. He said that you should invest in a good, clear business, explaining which do not need many words, and never invested in the industry, which does not understand. Warren Buffett is known as the Oracle of Omaha-so often his prediction proved to be correct. With all this, he lives modestly, although the quotes of his holding company, Berkshire Hathaway, "the former textile factory, once on the New York Stock Exchange reached 148000$ in 2008 year.
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