08/30/1930Place of birth :
Omaha (Omaha) - USACountry of residence :
USALinked companies : Berkshire Hathaway Inc.
Warren Buffett was born in Omaha (Nebraska) in 1930, in the middle of the United States. Interested in the stock market since the age of 16 years, Buffett has exercised only one business over the last forty years: the investment. Given the immense wealth thus accumulated, he definitely deserves pride of place in the pantheon of fund managers!
In 1956, Warren Buffett moved back to his hometown, where he has lived since. He is gradually taking control of a publicly traded textile group, Berkshire Hathaway. After having put the company right, he uses Berkshire as an investment vehicle: in 1967, he acquired a first insurance company, National Indemnity and later GEICO. Soon, insurers will become the main providers of liquidities to the holding company that is Berkshire Hathaway.
Almost unchanged since the beginning of his career, his investment principles make Warren Buffet a “good father”. He focuses primarily on undervalued companies - listed or not - profitable, and whose know-how "niche" make it leaders in their respective markets. No matter their lines of business: Warren Buffet is a financial not an industrial.
The success has never reduced: the value of the assets of Berkshire Hathaway progressed by an average of 21.1% per year between 1965 and 2007, twice more than the U.S. stock market index S & P 500 over the same period.
Today, the action Berkshire Hathaway class 'A' is the most expensive of the New York Stock Exchange market: never divided, it was trading at around $ 123,000 at October 21, limiting its drop at 13 % since the beginning of the year, little compared with the 33 % of S & P 500. The Berkshire’s portfolio currently counts less than forty shares, mostly American.
According to Forbes in March 2011, Warren Buffett is the third richest man in the world behind Bill Gates and Carlos Slim, with a fortune estimated at $ 50 billion.
In 2010, the Economic journalist and author, Alice Schroeder, writes a biography of Warren Buffett, called “the snowball”. This complete biography of the man known to all as "the Oracle of Omaha" was written with the cooperation of Buffett himself, he has devoted thousands of hours and opened its files and address book to Alice Schroeder, allowing her to contact his wife, children, friends and associates. All this work gave a deep analysis of his philosophy of life- probably the report the most comprehensive we have ever.
This book details the principles and ideas which are at the root of the incredible fortune of Warren Buffett. He perfectly represents the most fascinating success story of America.
This book was selected among the best books of 2010 by The Washington Post, People, The Financial Times, BusinessWeek, Publishers Weekly and The New York Times.
Known to be very little spender, Warren Buffett bought a private jet for the company. Considering this expense “unnecessary “, he named his plane the "unjustifiable".
Warren Buffett uses every letter to shareholders to promote the products of the company. In 2006 he wrote "I feel good. It's fascinating to see what Cherry Coke and hamburgers can do for us. "
His first takeover was at the age of six by buying six packs of Coca Cola in the grocery store of his grandparents, which he sold at retail winning a cent of profit per can. Today he is the biggest shareholder of the famous company (8.11%).
Each year, in order to reap benefits for a foundation in San Francisco, Warren Buffett auctions on EBay a launch with him. In 2007, an American financial spent $ 650.100 to share a steak with Warren Buffett.
"A public-opinion poll is no substitute for thought."
"Someone's sitting in the shade today because someone planted a tree a long time ago."
"Only when the tide goes out do you discover who's been swimming naked."
"It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction."
Les Écrits de Warren Buffett : Quelques leçons destinées aux investisseurs et aux managers. Laurence A. Cunningham - Editions Valor - July 2003
L'investisseur intelligent. Benjamin Graham – published by Valor - December 1998
The Warren Buffett CEO: Secrets of the Berkshire Hathaway Managers. Robert P.Miles and Tom Osborne published by Wiley.
Les Stratégies de Warren Buffett. Hagstrom published by SEFI April 1998.
The Snowball. Alice Schroeder - published by Valor - November 2010
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|Latest news about Warren Buffett|| |
|Buffett devotees stick by him even as growth slows|
|05/05 - OMAHA, Nebraska (Reuters) - Short-seller Douglas Kass, Warren Buffett's handpicked bear, raised a concern on the minds of many shareholders at the "Woodstock for capitalists" this weekend: Has Berkshire Hathaway Inc become so big that it will find it hard to grow?
|Berkshire profit rises 51 percent, shares at record high|
|05/04 - OMAHA, Nebraska (Reuters) - Warren Buffett's Berkshire Hathaway Inc (>> Berkshire Hathaway Inc.) on Friday said quarterly profit rose nearly 51 percent on a solid performance in insurance and by many of its other businesses, as well as gains from investments and derivatives....
|05/03 - NEW YORK (Reuters) - Berkshire Hathaway chairman and chief executive Warren Buffett said that he would not sell shares of IBM Corp., even as the company missed earnings expectations last month.