warren buffet entrepreneur of the decade

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    Warren Edward Buffett (1930

    till now )

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    Born : Warren Edward BuffettAugust 30, 1930 (age 78)Omaha, Nebraska, U.S.

    Parents : Howard and Leila Buffett

    Nationality : American Citizen

    Alma mater : University of PennsylvaniaUniversity of NebraskaLincolnColumbia University

    Occupation : Chairman & CEO, BerkshireHathaway

    Salary : US$ 200,000

    Net worth : US$ 54 billion (2012)Spouse(s) : Susan Thompson Buffett (19522004)

    Astrid Menks (2006)

    Children : Susan Alice Buffett,Howard Graham Buffett,Peter Buffett

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    Back ground

    Largest shareholder and C.E.O. of Berkshire Hathaway, and is

    currently ranked by Forbes as the third richest human on Earth with

    an estimated net worth of approximately fifty four billion dollars.

    Buffett is also a notable philanthropist, having pledged to give away

    85% of his fortune to the Gates Foundation. He also serves as amember of the board of trustees at Grinnell College.

    In 1999, Buffett was named the top money manager of the

    twentieth century in a survey by the Carson Group, ahead of Peter

    Lynch and John Templeton,

    In 2007, he was listed among Time's 100 Most Influential People in

    the world.

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    Warren Buffett's Education

    In 1947, a seventeen year old Warren Buffett graduated from HighSchool. It was never his intention to go to college.

    He had already made $5,000 delivering newspapers (this is equal to$42,610.81 in 2000).

    His father urged his son to attend the Wharton Business School atthe University of Pennsylvania

    Buffett interested in the area of mathematics and statistics. Hefocused on mathematics and statistics at University of Nebraska tofinish his degree.

    Harvard Business school (Rejected)Entered Columbia Universitys graduate school of business, where

    he obtained a masters degree in business.

    Ben Graham and David Dodd (Mentor)

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    Money-Making Schemes

    Age 6 - Peddled Coke

    Age 9 - Carrying golf clubs for $3 per day

    Age 11- Bought his first stock Age 11-13 - Sold used golf balls.

    Age 13 - Carrier for Washington Post and 4 other

    newspapers.

    Age 14 - Bought 40 acres of farmland and leased it out

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    Employment

    Worked for Buffett-Falk & Co., as an investment salesman

    after graduating with a Masters in Economics. (1951-1954) Worked for Graham-Newman Corp, as a securities analyst

    (1954-1956)

    Formed Buffett Partnership, Ltd and appointed himself

    General Partner. (1956-1969) Bought over Berkshire Hathaway Inc in 1962 and became

    Chairman and CEO in 1970

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    Warren Buffet

    He bought his share at the age of 11 and now

    he regrets that he started too late.

    Things were very cheap that time, Encourage

    your children to invest

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    SME

    He bought a small farm at the age of 14 with

    savings from delivering newspapers.

    One could have bought many things with little

    savings: Encourage your children to start some

    kind of business

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    Lifestyle

    He still lives in the same small 3-bedroom

    house in the mid-town Omaha, that he bought

    after he got married 50 years ago. He says that

    he has everything he needs in that house. Hishouse does not have a wall or fence.

    Dont buy more than what you really need and

    encourage your children to do and think thesame

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    Management Style

    His company, owns 63 companies. He writes

    only one letter each year to the CEOs of these

    companies, giving them goals of the year. He

    never holds meetings or calls them on regularbasis.

    Assign the right people to the right job

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    Economic Nature

    He never travels by private jet, although he

    owns the worlds largest private jet company.

    Always think how you accomplish things

    economically.

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    Bill Vs. Buffet

    Bill Gates, the worlds richest man met him for

    the first time only 6 years ago. Gates did not

    think he had anything common with Buffet. So

    he had scheduled his meeting only for half anhour. But when Gates met him the meeting

    lasted for ten hours and Gates became a fan

    of Warren Buffet.

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    View About Money

    Money doesnt create man but it is man who

    create money.

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    He is a Bull

    In Bear Market