Member access

4-Traders Homepage  >  News  >  Business Leaders  >  Business Leaders Biography

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 
HomeAll newsMost read newsBusiness Leaders Biography 
Portrait de Warren Buffett
Warren Buffett
Birthday : 08/30/1930
Place of birth : Omaha (Omaha) - USA
Country of residence : USA
Linked companies : Berkshire Hathaway Inc. - West Corp - Citigroup Finance Canada Inc
Biography

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.

Anecdotes
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.
Citations
"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."
Bibliographie
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
Copyright © 4-traders.com / Photo © Maxppp
Latest news about Warren Buffett 
Local real estate company connects with national brand
2014 - Dec. 09--NICEVILLE -- Warren Buffett's Berkshire Hathaway has stamped its name to a local real estate company that expects stron
Microsoft's A Rare Tech Gainer In Mixed Session
2014 - By Rex Crum, MarketWatch Software giant gets lift as Nomura analyst raises price target SAN FRANCISCO -- Tech bellwethers Microsoft Corp. and Apple Inc. advanced Thursday in what was turning into a mixed trading session for the tech sector. Microsoft stock
Microsoft Corporation (MSFT) At Its Peak Worth $200 Billion More Than Apple Inc. (AAPL) At Its Peak Now
2014 - Apple Inc is currently the world's largest company with over $682 billion market cap. Apple has seen an unforgettable 2014, with share prices soaring to new high and
David Rubenstein Is Not A Porn Shop Owner
2014 - The Carlyle Group co-founder is a man of refinement and taste who is more or less single-handedly preserving America's cultural heritage, such as it is. But assuming Warren Buffett's glittering ey
Prev.1  2   3  4  5  6  7  8  9  10Next
Advertisement
Popular Business Leaders 
Sheldon Adelson Paul Allen Mukesh Ambani Bernard Arnault Luc Besson Vincent Bolloré Martin Bouygues Richard Branson Warren Buffett Marc De Lacharrière Benjamin De Rothschild Jean-baptiste Descroix-vernier Barry Diller Bill Gates Philip Green Carl Icahn Steve Jobs Li Ka-shing Arnaud Lagardère Lakshmi Mittal Rupert Murdoch Nelson Peltz Patrick Ricard Johann Rupert Naguib Sawiris Carlos Slim George Soros Donald Trump Guy Wyser-pratte Jerry Yang
A-Z Business Leaders
Most Read News 
NantWorks Announces Launch of an Immuno-Oncology Company, NantCell, and Licensing Agreement with Amgen for an Oncology Antibody
7 days ago - By a News Reporter-Staff News Editor at Biotech Week -- NantCell, LLC, a subsidiary of NantWorks, LLC, focusing on the di...
Icahn Stirs Activist Pot on Possible Takeovers
01/22 - By Liz Hoffman And Lukas I. Alpert Carl Icahn thinks that eBay Inc.'s PayPal and Gannett Co.'s publishing business...
Gross Invested $700 Million in Janus Fund -- Update
01/22 - By Kirsten Grind Janus Capital Group Inc. confirmed that the bulk of the money flowing into the new bond fund of s...
Apple's Cook gets hefty bonus for 2014
01/22 - SAN FRANCISCO — Apple CEO Tim Cook got a hefty cash bonus that brought his total compensation to $9.2 million last ...
Chairman Sheldon Adelson Will Be Appointed as CEO Effective March 6
01/23 - By Chester Yung Hong Kong-listed Sands China Ltd. , a casino operator in Macau, said Friday its chairman Sheldon...
More news
Dynamic quotes  
ON
| OFF