NEEVIDHA ZORE AZMIN ELAVIA DIPTI RAHIL SHETH 36

44 08 14

American business magnate investor Philanthropist

"You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right."

Born on august 30, 1930 (age 82) Place of birth - Omaha, Nebraska Son of Howard Buffett and Leila Elder sister Doris Buffett

Buffett married Susan Buffett in 1952. Three children, Susie, Howard and Peter. on his 76th birthday, Warren married his long time companion, Astrid Menks, who was then 60 years old. 1. Susan Alice Buffett, 60 years old. 2. Howard Graham Buffett, 58 years old. 3. Peter Andrew Buffett, age - 54

Rose Hill Elementary School in Omaha Alice Deal Junior High School Woodrow Wilson High School Wharton Business School of the University of Pennsylvania

the University of NebraskaLincoln

Columbia Business School New York Institute of Finance

Most influential global thinker in Foreign Policy's 2010 report.

In 2008 he was ranked by Forbes as the richest person in the world with an estimated net worth of approximately US$62 billion. His children will not inherit a significant proportion of his wealth.
This is consistent with statements he has made in the past indicating his opposition to the transfer of great fortunes from one generation to the next. In June 2006, he announced a plan to give away his fortune to charity, with 83% of it going to the Bill & Melinda Gates Foundation.

1941: At eleven years old, Warren buys his first stock. He purchases 6 shares of Cities Service preferred stock [3 shares for himself, 3 for his sister, at a cost of $38 per share. 1943: Warren declares to a friend of the family that he will be a millionaire by the time he turns thirty, or "[I'll] jump off the tallest building in Omaha 1945: Warren is making $175 monthly delivering Washington Post newspapers. At fourteen years old, he invests $1,200 of his savings into 40 acres of farmland. 1947: In his senior year of high school, Warren and a friend purchase a used pinball machine at a cost of $25. Buffett begins to think about the potential profit, and places it in a nearby Barber Shop. His father presses him to attend college, a suggestion Warren does not take well Nevertheless, that year, he enrolls as a freshman at the Wharton School of Finance and Commerce in Pennsylvania. Buffett hates it, complaining he knows more than the teachers

1950: Buffett applies for admission to Harvard Business School and is turned down. He eventually enrolls at Columbia . April, 1952: Warren and Susie get married. They rent an apartment for $65 a month, and have their first child, also Susie. 1954: Ben Graham calls Warren and offers him a job at his partnership. Buffett's starting salary is $12,000 a year. 1956: Graham retires and folds up his partnership. Since leaving college six years earlier, Warren's personal savings have grown from $9,800 to over $140,000. The Buffett family returns home to Omaha. On May 1, Warren created Buffett Associates, Ltd. Seven family members and friends put in a total of $105,000. Buffett himself invested only $100.

 1. He bought his first share at age 11 and he now regrets that he started too late! He bought a small farm at age 14 with savings from delivering newspapers. He still lives in the same small 3 bedroom house in mid-town Omaha, that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence. He drives his own car everywhere and does not have a driver or security people around him.

He never travels by private jet, although he owns the worlds largest private jet company.

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. He has given his CEOs only two rules. Rule number 1: do not lose any of your share holders money. Rule number 2: Do not forget rule number 1. He does not socialize with the high society crowd. His pass time after he gets home is to make himself some pop corn and watch television. Bill Gates, the worlds richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet. Warren Buffet does not carry a cell phone

WARREN BUFFET THE ENTREPREN

EUR

BUSINESSES
Insurance group Utilities and general group Manufacturing, service and retailing : Clothing Building Flight services Retail Finance and financial products Investments

WARREN BUFFETT'S LEADERSHIP STYLE

Warren Buffett exhibits the behaviour of a democratic leader.

Within the various companies under his control, this self empowered leader places a great deal of importance on communication, mutual trust, and interpersonal respect

TIPS TO ENTREPRENEURS BY WARREN

Identify and nurture your competitive advantage. Building and motivating your team is a top priority. Measure your performance consistently and dont be afraid to admit mistakes. Play the long game and stick to your vision, even if its out of style.

 There

was once a time where he used to sell coke cans to recycle store and earn a living and then he used to save. He never believed in spending his savings and always wanted these savings to multiplied and hence he adopted the principal of investment and acquisitions And now he is one of the major share holders in Coca-cola Company by owning 8.9 percent of the company shares which amounts to a astonishing 15.75 billion dollars.

1. COCA-COLA (KO)
Holding Value: $15.75 billion Shares: 400,000,000 (split adjusted) Stake in company: 8.9 percent

2. INT'L BUSINESS MACHINES (IBM)

Holding Value: $13.22 billion Shares: 6,645,396 Stake in company: 5.8 percent Berkshire Hathaway has increased its holdings of IBM by 2.25 million shares (+3%) since the previous reporting period.

3. AMERICAN EXPRESS (AXP)

Holding Value: $8.50 billion Shares: 151,610,700 Stake in company: 13.3 percent

4. PROCTER & GAMBLE (PG)

Holding Value: $3.98 billion Shares: 59,602,203 Stake in company: 2.2 percent Berkshire Hathaway has decreased its holdings of PG by 13.65 million shares (-19%) since the previous reporting period.

5. WAL-MART STORES (WMT)

Holding Value: $3.46 billion Shares: 46,708,142 Stake in company: 1.4 percent

6. KRAFT FOODS (KFT)

Holding Value: $2.40 billion Shares: 58,826,390 Stake in company: 3.3 percent Berkshire Hathaway has decreased its holdings of KFT by 19.19 million shares (-25%) since the previous reporting period.

7. PHILLIPS 66 (PSX)

Holding Value: $1.08 billion Shares: 27,163,918 Stake in Company: 4.3% This is a new holding for Berkshire Hathaway as of June 30, 2012.

8. JOHNSON & JOHNSON (JNJ)

Holding Value: $709.27 million Shares: 10,333,128 Stake in company: 0.4 percent Berkshire Hathaway has decreased its holdings of JNJ by 18.68 million shares (-64%) since the previous

Assess the risk

Warren Buffett Quiz!

What is Warren's full name? a) Warren Howard Buffett c) Warren Edward Buffett b) Warren Edgar Buffett d) Warren Charles Buffett

When was Warren Born?

a) May 28, 1928 c) August 15, 1932

b) August 30, 1930 d) January 8, 1933

What was Warren's first stock? a) Cities Service Preferred c) General Foods b) Capital Cities ABC d) General Electric

How old was Warren when he graduated from High School?

a) 16 c) 18

b) 17 d) 19

Before Buffett transferred to the University of Nebraska-Lincoln, where did he attend school?
a) Harvard c) London School of Economics b) Yale d) Wharton Business School

After graduate school, Warren returned home and began dating a girl named... a) Susan Thorton b) Susie Thompson c) Sarah Tomaten d) Lisa Frankton

What was the name of Warren's father? a) Harvey c) Charlie b) Howard d) Morton

When considering graduate school, Buffett was denied his first choice because he was rejected as "too young". What was his first choice? a) Columbia University b) Yale c) University of Chicago d) Harvard