Who is Warren Buffett

Warren Buffett

About Warren Buffett

Who is Warren Buffett

Warren Buffett is a businessman, philanthropist and one of the most successful and widely respected investors globally. His net worth was estimated at $71.8 billion as of July 2020. Buffet's investment philosophy is widely followed around the globe.
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Early years and education
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Born in Omaha, US, in 1930, Buffet developed an interest in the business world and started investing at an early age, including in the stock market. His father, Howard, was a stockbroker with his own brokerage firm, and his mother Leila was a housewife. Buffett had two sisters, one older than him and one younger. At eleven years old, he purchased three shares of Cities Service Preferred at $38 per share for both himself and his older sister. But, the stock fell to just over $27 a share. A resilient Warren held his shares until they rebounded to $40.
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Buffet started his education at the Wharton School at the University of Pennsylvania before moving back to go to the University of Nebraska, where he received an undergraduate degree in business administration. After graduation, Buffett wanted to go to Harvard Business School, but got rejected for being "too young". Instead, he went to the Columbia Business School, where he earned his graduation in economics.
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Ben Graham, an investor who was teaching at Columbia had a great influence on Buffett. Buffett learnt about the fundamentals of investing in Graham’s classes. Through his simple yet profound investment principles, Graham became an idyllic figure to the twenty-one-year-old Warren Buffett.
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Buffet's investments
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In the initial days of his career, Buffet worked at his father's brokerage firm. His career as an investment salesperson in the early 1950s was not successful. In 1956, he formed the Buffet Partnership. Seven family members and friends invested $105,000 in total, with Buffett investing only $100 himself. By the end of the year, he was managing around $300,000.
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Warren Buffett started buying stocks in Berkshire Hathaway in 1962, when it was mainly run as a textiles company. He realised there was not so much profit in it and started to phase it out. He started investing in insurance companies instead. Less than 10 years later, in 1965, he was in control of Berkshire Hathaway. In 1970, Buffett named himself as the company’s chairman and wrote his first letter to the shareholders. These letters from Buffett would later become very famous and a subject of study for many investors around the world. Berkshire later acquired several companies, including See’s Candy and GEICO. Berkshire managed to own a 7 per cent share in Coca-Cola, which was worth over $1 billion. Buffett became a billionaire in 1990. In the early to late 2000s, Buffet invested heavily in big banks.
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Philanthropic work
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Since the year 2000, Buffett has donated more than $46 billion, becoming the most charitable billionaire. In June 2006, Buffett announced his plans to donate his entire fortune to charity. Then, in 2010, Buffett and Bill Gates launched ‘The Giving Pledge campaign’ to encourage other wealthy individuals to pursue philanthropy.
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Investment philosophy
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Buffet's investment philosophy revolves around how a company works. He looks for securities whose prices are unjustifiably low based on their intrinsic worth. Rather than focus supply and demand intricacies of the stock market, Buffett is known to look at companies as a whole. Some of the factors Buffett is believed to consider are company performance, company debt, and profit margins. Other considerations for value investors like Buffett include whether companies are public, how reliant they are on commodities, and how cheap they are. Buffet's vision to avoid the hype, and stick around companies with his long-term approach gives him his edge.
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Latest Updates on Warren Buffett

Berkshire Hathaway's march toward $1 trillion value stalls on results

3 min read Last Updated :Feb 27 2024 | 7:41 AM IST
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Berkshire's days of eye-popping gains are over, says Warren Buffett

2 min read Last Updated :Feb 25 2024 | 11:36 PM IST
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In his annual letter, Buffett tells investors to ignore Wall Street pundits

2 min read Last Updated :Feb 24 2024 | 10:07 PM IST
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Warren Buffett sees no chance of 'eye-popping' results with record cash

4 min read Last Updated :Feb 24 2024 | 9:14 PM IST
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Indian banks' rush for clients set for reckoning after Paytm fiasco

5 min read Last Updated :Feb 21 2024 | 12:07 PM IST
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Master of one-liners: Here are some of Munger's lessons on politics, crypto

4 min read Last Updated :Nov 29 2023 | 9:10 AM IST
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Charlie Munger, Warren Buffet's sidekick at Berkshire Hathaway, dies at 99

4 min read Last Updated :Nov 29 2023 | 10:33 PM IST
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Berkshire Hathaway exits Paytm; sells 2.46% stake for Rs 1,371 cr

2 min read Last Updated :Nov 24 2023 | 10:58 PM IST
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Warren Buffet donates Berkshire Hathaway shares to children's foundations

2 min read Last Updated :Nov 22 2023 | 11:28 PM IST
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Warren Buffett's Berkshire trims its HP stake, exits bet on General Motors

2 min read Last Updated :Nov 15 2023 | 8:29 AM IST
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Buffett owned Berkshire Hathaway's cash at record $157 bn after deal slump

4 min read Last Updated :Nov 10 2023 | 8:31 AM IST
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Warren Buffett's company dumps another 5 million shares of printer maker HP

3 min read Last Updated :Oct 03 2023 | 10:56 PM IST
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Buffett gives $27 mn in Berkshire Hathaway stock to an unnamed charity

2 min read Last Updated :Aug 18 2023 | 8:20 AM IST
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Profits at Warren Buffett's Berkshire Hathaway reach $36 bn as stocks surge

4 min read Last Updated :Aug 05 2023 | 10:50 PM IST
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Buffett's Berkshire Hathaway takes control of LNG plant with $3.3 bn deal

2 min read Last Updated :Jul 11 2023 | 7:43 AM IST
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Warren Buffett donates Berkshire Hathaway's 4.64 bn stock, totals $51 bn

2 min read Last Updated :Jun 22 2023 | 11:33 PM IST
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Warren Buffett's Berkshire reworks banking bets amid turmoil, exits TSMC

2 min read Last Updated :May 16 2023 | 11:23 PM IST
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Warren Buffett buys another $127 mn worth of Occidental Petroleum stock

2 min read Last Updated :May 16 2023 | 9:26 PM IST
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Dumping other banks, Warren Buffett recommits to Bank of America stocks

4 min read Last Updated :May 16 2023 | 9:45 AM IST
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Warren Buffett says executives must be accountable for failed banks

2 min read Last Updated :May 07 2023 | 11:20 PM IST
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