worlds biggest insvestor warren buffet story You cant make a baby in a month if you get nine women pregnant. – Warren Buffett Businessman and investor Warren Buffett was born on August 30,1930, in Omaha, Nebraska. Investing by age 11, Buffett was running a small business at 13. Buffett later started the firm Buffett Partnership in Omaha, with huge success. In 2006, Buffett announced that he would give his entire fortune away to charity (est. $62 bil.), the largest act of charitable giving in United States history. Businessman and investor. Born Warren Edward Buffett on August 30,1930, in Omaha, Nebraska. Buffetts father Howard worked as stockbroker and served as U.S. Congressman. His mother, Leila Stahl Buffett, was a homemaker. Buffett was the second of three children and the only boy. Buffett demonstrated a knack for financial and business matters early on in his childhood. Friends and acquaintances have said the young boy was a mathematical prodigy, and was able to add large columns of numbers in his head-a talent he still occasionally shows off to friends and business associates. Warren often visited his fathers stockbrokerage shop as a child, and chalked in the stock prices on the blackboard in the office. At 11 years old he made his first investment; he bought three shares of Cities Service Preferred at $38 per share. The stock quickly dropped to only $27, but Buffett held on tenaciously until they reached $40. He sold his shares at a small profit, but regretted the decision when Cities Service shot up to nearly $200 a share. He later cited this experience as an early lesson in patience in investing.
Posted on: Fri, 22 Nov 2013 08:53:38 +0000