Warren Buffet – A kid with a dream

From paperboy to the richest man in the world, the boy who with a proud head up, said he would become a millionaire and there would be a lot in his life. The man who is the third richest man in the world but has no private plane and still lives in the house bought in 1957 for $ 31,000. A unique speaker, millionaire, businessman, magnate and, last but not least, man!

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Early life

Born August 30, 1930 in Omaha, Nebraska. Since a child, he has an interest in the stocks, drawing different charts in his notebooks and newspapers. The legend says that he told his friends that if he is not a millionaire until his 30 birthday he,will throw himself from the tallest building in Omaha. He was only 11 years old to buy his first shares by buying only three of Cities Service Preffered and three for his sister Doris. Nebraska was severely hit by the Big Depression at the time, Buffet decided to work as a paperboy and although he was in school he worked both in the morning and in the afternoon. He decided to move to New York to study business and management. With this money he managed to pay the university. Initially, he applied to Harvard, but they refuse him, he graduated from Columbia Business School. With his diploma, he returned to Omaha, where he worked as a teacher at the University of Nebraska. In 1954 he moved to New York with his wife Susan and his young daughter, where he worked for his mentor Benjamin Graham. In 1956 he founded Buffet Partnership Ltd.

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Berkshire Hathaway

Warren’s first and most important deal was when he bought Berkshire Hathaway in 1964. Berkshire Hathaway began his story in 1830, with 12,000 workers and 15 factories at the time of the Buffet buy. By buying it, he decides to dissolve it by concentrating more on media and oil. Berkshire is investing heavily in Coca Cola, reaching a record 7% in the company. Nowadays, his company has a share in all of these big names: American Express Co. (AXP), Costco Wholesale Corp. (COST), DirectTV (DTV), General Electric Co. (GE), General Motors Co. (GM), Coca-Cola Co. (KO), International Business Machines Corp. (IBM), Wal-Mart Stores Inc. (WMT), Proctor & Gamble Co. (PG) and Wells Fargo & Co. (WFC).

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The real meaning of the word billionaire

When he is 32, he is one of the richest in the country, he is not only a millionaire, but he is also an idol for many after him. Buffet never liked expensive things, he would never be seen with expensive watches, gold around his neck, the latest car model, or his own private jet. He has always been a very earthly and concentrated man. He admits that he likes to read. He reads weekly around 1-2 books. He tries to spare at at least 3-6 hours per day for reading. In 2008 he took the record-breaking first place in Forbes, replacing Bill Gates. In 2010, with Bill himself, he founded the largest charity company, where he donated half of his money. To this date, he has donated about $ 30.8 billion. With his thousands of appearances and public speeches, he won the young millionaires, with his most famous phrases being: Rule number one, never lose money, and rule number 2 always remember rule number 1;The price is what you pay, and the value is what you will get; It takes you about 20 years to build a name for yourself and only 5 minutes to destroy it!; Always go out with people who are better than you, with people who motivate you to be better and then success will come.

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Zhivko Yuliyanov Gadev, The Gentleman House 2018

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