a date with warren buffet

8/6/2019 A date with Warren Buffet

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A A DATEDATE WITH WITH ««««

thethe ´Oracle of Omahaµ´Oracle of Omahaµ



E MPLOYMENT H ISTORY

Y ear Company State Position Name

1951-54 Buff ett -Falk &Co

Oma h a Inv est m en tSal es man

1954²1956 Gra h am-

N ew man Co rp.

N ew Y ork Sec uri t ies

A naly st

1956²1969 Buff ettPar t n er sh ip

Ltd .,

Oma h a G en eral Par t n er

1970 ² Pr ese n t Berk sh ir eHa th a way

In c

Oma h a Ch airman &CEO .



S A LIENT F E A TURES

1. Frugali t y

2. P h ilan th r opi st3. Pa ss ion

4. Ch ari sma t ic



1. F RUG A LITY

Ev en a s a ch ild , Buff ett d isplay ed an in te r est in making an d s aving m on ey. H e we n t doo r to doo r se lling chew ing gum, Coc a- Co la , or wee kly magazin es .

Wh ile st ill in h ig h schoo l, he c arri ed o u t se veral su ccess ful m on ey-making ide a s: de liv ering n ews pap er s , se lling golfball s an d st amp s am ong the m.

During h ig h schoo l, Buff ett an d a fri en d s pen t $ 25 to pur ch a se a u sedpinball ma ch in e, wh ich the y pla ced in the local barb er sho p. With in m on ths , the y ow n ed se veral ma ch in es in diff er en t barb er sho ps.



In 1957, he pur ch a sed a fiv e-bed r oom st u cco

ho u se in Oma h a , whe r e he st ill liv es , f or $3 1,500.



2. P HIL A NTHROPHY

During 2006, Warr en Buff ett (est ima ted wo r th o f US $62 billi on) gav e thef oun da t ion appr oxima te ly US $3 0 billi on .

Buff ett al so pl ed ged to giv e a way 99 per cen t o f h is f or t un e toph ilan th r opi c cau ses , primarily via the Ga tes F oun da t ion

³ If you're in the luckiest 1 percent of humanity, you owe it to the rest of humanity to think about the other 99 Percent. ´

- Warren Buffet



3. P A SSIONh is SR yearb ook pi ct ur e o f Wood r ow W ilso n Hig h Schoo l r ea d:

"lik es ma th; a fu t ur e stoc k br ok er. "

At 10 he we n t to NY C stoc k exch ang e all by h im se lf

At 11 ma de h is fir st stoc k t ran sa ct ion by buying 3 stoc k s o f a company

By the t im e he fini shed co llege, Buff ett h a d a ccumula ted m or e th an $90,000 in saving s m ea sur ed in 2009 do llar s.



4. CH A RISM A TISM

GE ICO¶s vice president Lorelli Davidson confessed:

³I found him to be an extraordinary man only within fifteen minutes of our conversation´

³The investor with a portfolio of sound stocks « should neither be concerned by sizable declines nor become excited by sizable advances .³

- Warren Buffet



BUFFETT ·S RULES OF INVESTING :

Rul e N o. 1: Don· t lose m on ey in the stoc k mark et .

Rul e N o. 2: N ever f org et Rul e N o. 1.

³ I¶m 15 percent Fisher and 85 percent Benjamin G raham. ³

- Warren Buffet



³ The basic ideas of investing are to look at stocks asbusiness, use the market's fluctuations to your advantage,and seek a margin of safety. That¶s what Ben G rahamtaught us. A hundred years from now they will still be thecornerstones of investing. ´

- Warren Buffet



Rank Stock of Portfolio # of Shares(millions) % Weighting

Coc a- Co la (K O) 200.0 21.60%

We ll s Farg o (WF C* ) 320.0 19.56%

A m eri can E xpr ess ( AX P ) 151.6 12.28%

Pr octe r & Gambl e ( PG *) 79.1 9.8 3%

K raf t F oods In c. (K FT ) 106.7 6. 34%

Wesco Finan cial Co rp. (WSC)

5.7 4. 32%

Wal-Mar t ( WMT ) 39.0 4.26%

US Ban corp (USB ) 69.0 3.51%

Co n ocoP h illip s ( COP ) 34.2 3.4 3%

J oh n so n & J oh n so n (JNJ ) 23.9 3.06%



A s of date: # of Stocks: Total Value:

Mar ch 3 1, 2010 Quar te rly

Repor t

36$50.9 3 Billi on

a date with warren buffet

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