Warren Buffett - A Few Lessons for Investors and Managers From Warren Buffett
About Warren Edward Buffett
Warren Edward Buffett (born August 30, 1930) is an American business magnate, investor, and philanthropist who serves as the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of US$82 billion as of July 18, 2019, making him the third-wealthiest person in the world.
Born
Warren Edward Buffett
August 30, 1930 (age 89)
Omaha, Nebraska, U.S.
Residence
Omaha, Nebraska
Nationality
American
Alma mater
University of Pennsylvania
University of Nebraska–Lincoln
Columbia University
Occupation
Businessman, investor, philanthropist
Years active
1951–present
Known for
The leadership of Berkshire Hathaway with Charlie Munger
Net worth
US$82 billion[1] (July 2019)
Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring and graduating from the University of Nebraska at the age of 19. He went on to graduate from Columbia Business School, where he molded his investment philosophy around the concept of value investing that was pioneered by Benjamin Graham. He attended the New York Institute of Finance to focus his economics background and soon after began various business partnerships, including one with Graham. He created Buffett Partnership, Ltd in 1956 and his firm eventually acquired a textile manufacturing firm called Berkshire Hathaway, assuming its name to create a diversified holding company. In 1978, Charlie Munger joined Buffett and became vice-chairman of the company.
Buffett has been the chairman and largest shareholder of Berkshire Hathaway since 1970. He has been referred to as the "Oracle" or "Sage" of Omaha by global media outlets. He is noted for his adherence to value investing and for his personal frugality despite his immense wealth. Research published at the University of Oxford characterizes Buffett's investment methodology as falling within "founder centrism" – defined by a deference to managers with a founder's mindset, an ethical disposition towards the shareholder collective, and an intense focus on exponential value creation. Essentially, Buffett's concentrated investments shelter managers from the short-term pressures of the market.
Buffett is a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation. He founded The Giving Pledge in 2009 with Bill Gates, whereby billionaires pledge to give away at least half of their fortunes. He endorsed Democratic candidate Hillary Clinton in the 2016 U.S. presidential election and will judge current U.S. President Donald Trump by his results on national safety, economic growth and economic participation when deciding if he will vote for him in the 2020 U.S. presidential election.
Description About the book
Peter Bevelin begins A Few Lessons for Investors and Managers with Warren Buffett's wisdom, "I am a better investor because I am a businessman and a better businessman because I am an investor." This book is about how managers and investors can increase their chance of success and reduce the chance of harm if managers think more like investors and investors more like businessmen. There are a lot of books about Warren Buffett, but A Few Lessons for Investors and Managers is different. It tells in a short-easy-to-read way about what managers and investors can learn from Buffett. This is a selection of useful and timeless wisdom where Warren Buffett in his own words tells us how to think about business valuation, what is a good and bad business, acquisitions and their traps, yardsticks, compensation issues, how to reduce risk, corporate governance, the importance of trust and the right culture, learning from mistakes, and more.
Features & details - Product information
Publisher PCA Publishing
Publication date January 1, 2012
Language English
Package Dimensions 9.6 x 6.3 x 0.5 inches
Shipping Weight 11.2 ounces
Book-length 81
Known as the "Oracle of Omaha," Warren Buffett is one of the most successful investors of all time.
Buffett runs Berkshire Hathaway, which owns more than 60 companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen.
The son of a U.S. congressman, he first bought stock at age 11 and first filed taxes at age 13.
He's promised to give away over 99% of his fortune. In 2019 he donated $3.6 billion, much of it to the foundation of friends Bill and Melinda Gates.
In 2010, he and Gates launched the Giving Pledge, asking billionaires to commit to donating half their wealth to charitable causes.
ON FORBES LISTS
#3 Forbes 400 2019
The Richest Person In Every State 2019
#3 Billionaires 2019
#16 Powerful People 2018
STATS
AGE89
SOURCE OF WEALTHBerkshire Hathaway, Self Made
LIFETIME GIVING$38.8B
GIVING AS A PERCENTAGE OF NET
WORTH32%
RESIDENCEOmaha, Nebraska
CITIZENSHIPUnited States
MARITAL STATUSWidowed, Remarried
CHILDREN3
EDUCATIONBachelor of Arts/Science, University of Nebraska Lincoln; Master of Science, Columbia University
DID YOU KNOW
Buffett still lives in the same Omaha, Nebraska home he purchased in 1958 for $31,500.
“Rational people don't risk what they have and need for what they don't have and don't need”
-Warren Buffett-
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