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 
Shares of Warren Buffett's Berkshire top $200,000 for first time
08/14 - OMAHA, Neb. - The stock price of Warren Buffett's Berkshire Hathaway company has topped $200,000 for the first time. Class
Free Advice From Seth Klarman & Charlie Munger
08/07 - It was Sir Isaac Newton who famously said, "If I have seen further than certain other men, it is by standing upon the shoulders of giants." Those who came before us in life have left a huge treasure trove of knowledge, but it seems few ever take the time to s
US stocks lifted by Warren Buffett gains
08/05 - US stocks closed higher yesterday, lifted in a late rally driven by earnings from Warren Buffett's Berkshire Hathaway and broad gains across most sectors that helped the S&P 500 rebound from its
Berkshire profit soars 41 pct to a record on investment gains
08/01 - (Reuters) - Warren Buffett's Berkshire Hathaway Inc (>> Berkshire Hathaway Inc.) on Friday said second-quarter profit soared 41 percent to a record high, reflecting substantial investment gains and improved results in manufacturing, service and retail businesses....
Prev.1  2   3  4  5  6  7  8  9  10Next
Advertisement
Popular Business Leaders 
Paul Allen Mukesh Ambani Bernard Arnault 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 Peter Lynch Maurice Lévy Lakshmi Mittal Rupert Murdoch Jean-charles Naouri Nelson Peltz Zong Qinghou Jim Rogers Johann Rupert Naguib Sawiris Carlos Slim George Soros Donald Trump
A-Z Business Leaders
Most Read News 
Alibaba set to price IPO shares amid investor frenzy
4 days ago - (Reuters) - Underwriters for Alibaba Group Holdings are planning to allocate the bulk of the heavily anticipated offering ...
Make Bill Gates Richer
4 days ago - By Anupreeta Das and Craig Karmin Invitations to a dinner party from Bill and Melinda Gates at their mansion near ...
When music stops for Oracle CEO dance, Catz may grab Ellison's chair
3 days ago - NEW YORK (Reuters) - If Larry Ellison sailed off on his yacht for good tomorrow, who would really run Oracle Corp (&g...
Russian Billionaire's Arrest A 'Gangster Story'
4 days ago - September 18, 2014 Self-exiled Russian businessman Yevgeny Chichvarkin says the arrest of Vladimir Yevtushenkov, one of R...
Jobs movie LEAVESWOZNIAK cold
4 days ago - STEVE Wosniak said he had been left disappointed by Jobs - a film still to be aired in the UK about his partner at Apple....
More news
Dynamic quotes  
ON
| OFF