Warren Buffett Success Story
Warren Buffett Success Story
Before
we introduce Warren Buffett, we need to talk
about the life of Warren Buffett's Warren Buffett is a celebrity in
the world, he is also known as a stock market player. The world's richest
man, Warren Buffett, is considered by Bill Gates to be his best friend and
motivator. He was born on 30 August 1930 in Nevska US. His father's
name was Howard Buffett and mother's name was Lila Stolle. His father was
a stock market trader.
Warren
buffett In the life of Kay, who started in the stock market business with her
father at the age of 11, Warren Buffet filed her first income tax statement at
age 13 and lost $ 35 of her cycle as an expense. . At the age of 15,
in the final year of high school, Buffett and one of his colleagues bought a
used pinball machine for $ 25 and put it in a barber shop.
In a very short time, he had three machines at various locations, Buffett
applied for admission to Harvard Business School at the age of 20, but was
turned down. Warren Buffett then enrolled at Columbia Business School and
from that Buffett learned the virtues of investing in the stock market.
Warren Buffett's Life Introduction Buffett Warren Short Biography :
- Name: Warren Edward Buffet | Warren edward buffett
- Sub Name: Oracle of Omaha
- Date of birth Date of Birth: 30 August 1930.
- Place of birth | Birth Place: Nebraska, Omaha, S.C. Ra. United States (Omaha, Nebraska, US)
- Father | Father Name: Howard Buffett
- Mother Mother Name: Leela Stoll
- Wife Wife Name: Susan Thompson, Astrid Max
- Children | Childrens: Alice Howard and Peter
- Profession Profession: Investor
- Investor | Company CEO: Berkshire Hathaway
- Nationality | Nationality: American
- operational area : Business magnate, investor, and philanthropist
Warren buffett lifestyle:
Warren Buffett is the man who is also called the magician of the stock
market all over the world. Warren Buffett, despite being one of the
world's wealthiest and the biggest investor in the stock market, is not as
popular as he is about his lifestyle. His lifestyle is so influential that
it makes him different from other Aamir people. He has donated most of his
earnings to charity. Warren Buffett still lives in the same house he took
50 years ago after his marriage. Every common man of the world keeps a
driver for his car and also puts security for his safety, but Warren Buffett is
the opposite. Warren Buffett drives his own car and has no security for
security. It tells us that our own work and self-protection should be
done. Money should not be used for such works.
A few years ago, Bill Gates, the world's richest man, once met Warren
Buffett. Bill Gates had kept half an hour to meet him. Because Bill
Gates felt that Warren had a slightly different nature. Because of which,
nothing much is going to happen to them. But when Bill Gates met Warren
Buffett, he was impressed by his words and his thoughts. After that Bill
Gates' half-hour meeting lasted for 10 hours. When Warren Buffett was only
11 years old, he used to go and distribute newspapers in every household. Warren
used to earn $ 180 a month for his newspaper talk. He used to save the
money he got by distributing newspapers and with that money he bought a land at
the young age of 14 years. It is a big deal to buy your own land at this
age.
Warren Buffett has always saved his money. Because of which he accumulated $ 80,000 by the time he completed college. Warren Buffett always considers Benjamin Graham his role model. Benjamin Graham This person was a stock market investor. In order to learn about the stock market from him, Benjamin Graham worked here at a salary of $ 1200 per month. He then started his own business named Berkshire Hathaway. In the next few years, he benefited so much from this business that he came among the most common people in the world. Warren Buffett, despite being a rich man, donates a lot of his wealth to charity. Therefore, they are also called the greatest Danavir of the 21st century in the whole world.
A Dialogue Written by Warren Buffett is very popular that is-
"If you buy things that you don't need,
then soon you will have to
sell those things that you need. "
Simple Living And High Thinking
Warren
Buffett lived his lifestyle in a very simple way. (Simple Living An High
Thinking) Despite Warren Buffett's wealth, his lifestyle remains as simple
today. Buffett still lives in the same house he purchased 5 decades ago. He
does his own work and does not use any security guards, nor does he have a
driver who drives the car himself as well as he ever drives in private. Do
not travel by plane and he writes to all his CEOs only once a year.
The biggest thing about Warren Buffet is that he created history by donating
about 85% of his total wealth to the Bill Gates and Bill & Melinda Gates
Foundation of the World. Became the country's largest donor.
Warren Buffett lived his lifestyle in a very simple way. (Simple Living
High Thinking) Despite Warren Buffett's wealth, his lifestyle remains as simple
today.
Buffett still lives in the same house he bought 5 decades ago. He
does his own work and does not use any security guards, nor does he have a
driver who drives the car himself as well as he ever drives in private. Do
not travel by plane and he writes to all his CEOs only once a year.
The biggest thing about Warren Buffet is that he made history by donating about
85% of his total wealth to the Bill Gates and Bill & Melinda Gates
Foundation of the World. Became the country's largest donor.
Gum and
Coca-Cola
At 6
years old, Warren Buffett earned money by selling glue sticks in his
neighborhood through gum and Coca-Cola. They took flavors like juicy
fruit, spear and double mint in a tray. Eventually, he sold them for the
price of one nickel for a pack of five.
He refused to sell those pieces of gums, saying it was against his principles.
Buffett noted that his profit margin of selling Coca-Cola was better than that
of selling gums. This is how Warren Buffett's success story began.
Newspaper
Selling
At the
age of 13, Buffett did a thing that most people can see today. He began
working as a paperboy and distributed copies of the Washington Post. He
woke up at 4.30 am and challenged himself to reach faster than before.
By the age of 15, Warren Buffett started earning around $ 2000 just by giving
papers. He invested $ 1,200 of his profits in purchasing a 40-acre farm. He
later sold it to a Nebraskan farmer.
Starting
a company
Buffett
felt that he had made a lot of money from other people's companies. He
started a company of his own. He started using golf balls. In
addition, he bought refurbished golf balls for $ 3.50 and sold them for $ 6.
Post office stamp collection
Buffett
later established a company called "Buffett's Approval Service" by
collecting 'post office stamps'. They sold collective tickets to people
living outside the state.
Flash cars
He
expanded his business to flash cars. He set up "Buffett's showroom
shine" with the help of his friend. Two youths traded their used car
to their friend's father. He dropped the business because it involved too
much labor.
Installation
of pinball machines
At the
age of 17 via pinball machines, Warren Buffett came up with a business idea
that had huge potential. He told his friend about it. He bought
vintage pinball machines for $ 25. His friend was asked to fix it while
Buffett was looking for a partnership. Buffett contacted the barbershop
and asked him to install a pinball machine. In return, he expected to get
half of the profits.
Warren developed a fictional identity for himself called "Mr. Wilson Coin
Operated Machine Company", which never really existed. The barber was
very happy since he received $ 4 on the first night.
Buffett made $ 25 profit in his first week which he invested in a new pinball
machine. He continued his journey until he had seven or eight machines
around the city that earned him a steady revenue.
If you buy things that you do not need, then soon you will have to sell the
things that you need.
It takes 20 years to build a reputation and five minutes to waste it. If
you think about it, you will work differently.
Warren Buffett Quotes:
- Never depend on single income, invest to create another source.
- Do not save what is left after spending, but spend what is left after saving.
- It is not necessary to do extraordinary things to get extraordinary results.
- Great investment opportunities come only when famous companies are surrounded by unethical conditions.
- Never invest in a business that you cannot understand.
- I always knew that I was going to be rich. 'I never doubted this even for a minute.
- Always invest for a longer period.
- Do not put all your eggs in one basket.
I was aware about Warren Buffet, but not these many details. He started young but he surely has a vision. Nice article.
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