There he met Lorimer Davidson, Geico's Vice President, and the two discussed the insurance business for hours. on a Saturday, he knocked on the door of GEICO's headquarters until a janitor allowed him in. In April 1952, Buffett discovered Graham was on the board of GEICO insurance. He figured out two other critical things about himself in the 1940s - what he is good at and what he likes to do. I had bought it at $38.25 and then I sold it around $40, it went down to $27 in between and after I sold it at $40, it went to $200!"įrom that poorly timed stock sale in 1944, he learnt a lesson that became his legendary investment strategy - which is essentially - patience pays, so buy them and hold them. I had three shares and made all of $5 on it. The first stock he bought was "Citi Service preferred stock. Market - the best investment analogy in history.
The Intelligent Investor, which Warren celebrates as "the greatest book on investing ever written", introduced the world to Mr. Buffett also attended the New York Institute of Finance. in Economics from Columbia Business School in 1951. After the completion of his undergraduate studies, Buffett enrolled at Columbia Business School after learning that Benjamin Graham (author of "The Intelligent Investor" - one of his favorite books on investing) and David Dodd, two well-known securities analysts, taught there. In the year 1950, when he entered his junior year, he transferred to the University of Nebraska–Lincoln where at the age of nineteen, he graduated with a degree of Bachelor of Science in Business Administration. Then he graduated from Woodrow Wilson High School in 1947, where his SR yearbook picture read: "likes math a future stock broker."By the time he finished college, Buffett had accumulated more than $90,000 in savings measured in 2009 dollars.īuffett entered college as a freshmen in 1947 at the Wharton Business School of the University of Pennsylvania and studied there for two years from 1947 to 1949. He was finally persuaded to apply to Harvard Business School, which, in the worst admission decision in history, rejected him as "too young". It was never his intention to go to college His father had other plans, and urged his son to attend the Wharton Business School at the University of Pennsylvania. In 1947, a seventeen year old Warren Buffett graduated from High School. Warren Buffett is a man who has made millions but he also started working at his father's brokerage when he was 11 years old, that's an age when most other kids were playing hide-n-seek ,From small beginnings come bigger things and so after selling gum, soft drinks and working with his father, by age 14, he had bought a 40 acres farm in Washington, Thurston County.īuffett began his education at Rose Hill Elementary School in Omaha. Acquaintances recount his uncanny ability to calculate columns of numbers off the top of his head - a feat Warren still amazes business colleagues with today. he was the second of three children, and displayed an amazing aptitude for both money and business at a very early age. Warren Edward Buffett was born on Augto his father Howard, a stockbroker. He was ranked as the world's wealthiest person in 2008 and is the third wealthiest person in the world as of 2011. This financial wizard is by recent estimates, worth $46 billion but how he got there is the fascinating story.
Warren Edward Buffett is an American investor, industrialist one of the most successful investors in the world.