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 
Goldman Sachs -MICHAEL R. BLOOMBERG JOINS 10,000 SMALL BUSINESSES ADVISORY COUNCIL AS CO-CHAIR
06/04 - ENP Newswire - 04 June 2014 Release date- 03062014 - Lloyd Blankfein and Michael R. Bloomberg participate in event designed to connect 10,000 Small Businesses graduates with opportunities for continued coachin
LA Clippers sale puts ex-owner in big league
06/02 - Donald Sterling, forced to sell his National Basketball Association team after a lifetime ban for making racist comments, is not going to be remembered as a "visionary", "icon" or "oracle" - terms attached over the ye
Some elephant hunting tips for Warren Buffett
05/25 - NEW YORK (Reuters) - Far be it from us to offer tips to Warren Buffett, the most celebrated stock picker of his age, but here goes:
BYD to Raise Up to $500 Million via Share Placement
05/23 - HONG KONG-- BYD Co., a Chinese battery and car maker, ended months of speculation Friday over its funding needs with a deal to raise around US$550 million via a share placement. The concerns over possible fundraising plans at the Warren Buffett-backed company had weighed on its stoc
Prev.1  2   3  4  5  6  7  8  9  10Next
Advertisement
Popular Business Leaders 
Sheldon Adelson Mukesh Ambani Luc Besson Vincent Bolloré Martin Bouygues Richard Branson Warren Buffett Steve Case Benjamin De Rothschild Barry Diller Bill Gates Philip Green Carl Icahn Steve Jobs Li Ka-shing Ingvar Kamprad Eric Knight Arnaud Lagardère Peter Lynch Jean-marie Messier Lakshmi Mittal Rupert Murdoch Nelson Peltz François-henri Pinault Jim Rogers Johann Rupert Naguib Sawiris Carlos Slim George Soros Donald Trump
A-Z Business Leaders
Most Read News 
Bloomberg
6 days ago - WASHINGTON (Reuters) - Rupert Murdoch’s 21st Century Fox is open to giving Time Warner Inc shareholders seats on the...
Ross to take 'significant' part of Bank of Cyprus's 1 billion-euro share sale
3 days ago - LONDON (Reuters) - U.S. billionaire Wilbur Ross said on Tuesday that he will take a "significant" portion of the 1 billion...
Dell, BlackBerry downplay threat from Apple-IBM alliance
7 days ago - TORONTO (Reuters) - IBM Corp's recent move to partner with Apple Inc to sell iPhones and iPads loaded with corporate appli...
Murdoch's Fox vows to be 'disciplined' on deals, extend buybacks
7 days ago - NEWYORK/LONDON (Reuters) - Rupert Murdoch's Twenty-First Century Fox Inc said on Friday it would only consider deals that ...
Kazakhmys makes further announcement on proposed Group restructuring
07/25 - ENP Newswire - 25 July 2014 Release date- 24072014 - Further to the Company's announcement, on 27 February 2014, of its i...
More news
Dynamic quotes  
ON
| OFF