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Warren Buffet | Life | Company | Quotes | Education | Books | Lifestyle

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Warren Buffet Life

Warren Buffet is one of the richest person in the world his maximum earnings come from investment he is a the magician of investment let us read Warren Buffet's life.

Warren Buffet was born in the year 1930 on 30th August.His family was very poor in his childhood.And because of this he made a promise that either he would be a millionaire before he turns 35 or he will suicide.

Buffet's Talent 

Warren Buffet is very talented in equations in very small age he started making money through selling newspaper,Books,cold drinks and more and he was loving it.When he was 11.He made his first investment.He loved the concept of compounding.Afterwards he applied for Harvard University and an interview was conducted for Warren Buffet and interviewers rejected Warren Buffet and he was so upset he was thinking what face he will show to his father.

Turning Point Of Life

But now Warren Buffet says that this was one of the best thing ever happened to him.Before applying in Harvard he read a book named "The Intelligent Investor By Benjamin Graham" and Warren Buffet says that if you want to become an investor than you have to read this book.Without reading this book an investor cannot be a successful investor and personally this is my favourite book as well.Warren Buffet was very impressed with the book and when he got know that the author of the book Benjamin Graham was in Colombia University he immediately wrote a letter to him that he want admission in Colombia University and fortunately he got the admission.Warren Buffet learned so many things regarding investment by Benjamin Graham.Benjamin Graham said two most important rules of investment 1.Never Lose Your Money 2.Never Forget Rule No.1.He learned that we should buy those companies who's price is less than it's actual price and when the companies price increases than we should sell the company.And by following this philosophy he made so many Dollars.

The Promise

Afterwards he also started a partnership firm with 7 people in 1956 in just 6 years he made his $105000 into $7 million and finally he was millionaire in the age of 32.but because of increasing price in share market Warren Buffet closed the partnership firm.

Another Turning Point Of Life

He was very scared of saying something on stage or talking with some of the people or more than one people but finally afterwards he saw a public speaking course in newspaper and he joined the course after completing the course he got this much confidence that he proposed his girlfriend Susan for marriage.

The Entry Of Someone Special

After the marriage someone special entered in the life of Warren Buffet he was Charlie Munger.Before meeting Charlie Munger Warren Buffet's investment philosophy was buying those company who's price is less than its actual price and when the price increases sell the company and earn the profit.But after meeting Charlie Munger Warren Buffet's investment strategy got changed.His new strategy was buy those companies which are quality companies so that there will be no need of selling those companies because those companies value will compound itself automatically and will give us profit.

A new Start

After this new strategy he bought some of the quality companies shares for example:Coca Cola,American Express,Gillette and made some of the huge profits.Before this he bought so many shares of the company named Berkshire Hathaway which was a textile company.When Buffet bought so many shares of this company the whole control of the company came into Buffet's hand and he become the chairman of the company Berkshire Hathaway.And then Warren Buffet started selling the useless assets of Berkshire Hathaway and finally he closed the work of textile in Berkshire Hathaway and made the company an investment firm and today also his most of the money is in Berkshire Hathaway.

Company 

Berkshire Hathaway is an American multinational conglomerate holding company headquartered in Omaha,Nebraska,United States.And today also Warren Buffet is the CEO of Berkshire Hathaway.

Education

Warren Buffet had done his hire studies from Colombia University if you want to know his education in detail then click here.

Books

The Books which is written or recommended by Warren Buffet is The Intelligent Investor,Security Analysis,Common Stocks and Uncommon Profit,Stress Test:Reflection On Financial Crises,The Essay Of Warren buffet,Jack:Straight From The Gut,The Outsider,The Clash Of The Cultures and Business Adventures:Twelve Classic Tales From The World Of Wall Streets.If you really want to read then I will suggest you these two books.Click Here for the first book.Click Here for the second book.These two books can really change your life.

Quotes

Risk comes from not knowing what you're doing.

Here Warren Buffet is saying that if you don't know that were are you going what are you doing than that is known as risk if you have the correct knowledge and a nice strategy of what you are doing than it is not risk it is step.

I always knew I was going to be rich. I don't think I ever doubted it for a minute.

This quote is similar to the first one that is Warren Buffet knew what he was doing because he was having the full knowledge and a nice and confident strategy of what he was doing so because of that there was know fear of failure because he knew that what ever he thought that is 100% sure was going to be happened and that happened.

Our favorite holding period is forever.

Here Warren Buffet is talking about investment that if you want to be rich by doing investment than your share holding period is should be forever here Warren Buffet is talking about patience that in investment the best quality that you have to have is patience.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

Here also Warren Buffet is talking about investment.When market in greedy than the investor should be fearful and when the market is fearful the investor should be greedy.It means that when the market is going down than that is the best time to invest and when market is going up than that is the time selling the shares not buying shares.

The more you learn the more you earn

Here Warren Buffet is talking about knowledge the more you have the knowledge.The more you will make money so work on yourself work on your knowledge.

Lifestyle

Today also Warren Buffet lives a very simple life.He lives in home which he bought a long time a ago for just 22 lakhs in Indian currency also he spend his most of the time by reading books and his favourite time pass is playing cards with his friends and you will be shocked by knowing that Bill Gates and Warren Buffet are best friends they mate on a party and Bill Gates father ask both of them that what made to of you successful both said focus.So this how one of the richest person live his life also he is not having any costly car also he promised that before dying he will be donating his 99% of property. 

Conclusion

If you want more Biographies than comment and share.Also comment which is the next Biography you would love to read and yes be like Warren Buffet be rich behave like a crook or in other words fakir.Thank you all of you.

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