Warren Buffet’s Take On Life! (A Brilliant Investor With A Kind Heart)
On December 3rd of this year, I sat down on the comfortable couch, still in my PJ’s, sipping on my coffee as I watched the Sunday Morning Show on CBS. Oh, I thought… Warren Buffet is going to be interviewed, I better pay close attention to this part of the show because maybe I can learn a thing or two from the BEST investor EVER! So I reached for the remote and turn up the volume a little bit more as I began to listen and learn about this wonderful man and his take on life.
To my surprise he was a good-natured, kind-hearted, level-headed man, he was not greedy or power-driven, he did not see himself as better than others, but on the contrary he was giving, thoughtful, loving to all people. In the world today with all that’s going on I found him as a breath of fresh air and couldn’t help but to think ‘What if more people were like him in the world?!’
About Mr Buffet
This optimistic philanthropist who is a hardworking oracle of the investing world was born in Omaha in 08-30-1930. His fascination for making money began at a young age and never stopped. By his high school photo in the yearbook it says ‘likes math, a future stockbroker.’ (Ha! how crazy is that?!) As for his schooling later in life, he attended the Wharton School of the University of Pennsylvania in 1947 before transferring and graduating from University of Nebraska–Lincolnat the age of 19. Buffett went on to enroll and graduate from Columbia University where he learned and eventually molded his investment philosophy around a concept pioneered by Benjamin Graham–value investing. He attended New York Institute of Finance to specialize his economics background and soon after began various business partnerships, including one with Graham. Wikipedia
Buffett worked from 1951 to 1954 at Buffett-Falk & Co. as an investment salesman; from 1954 to 1956 at Graham-Newman Corp. as a securities analyst; from 1956 to 1969 at Buffett Partnership, Ltd. as a general partner and from 1970, as Chairman and CEO of Berkshire Hathaway Inc. Today Buffett serves as the Chief Executive Officer and Chairman of Berkshire Hathaway.
What’s most important to Buffet?
People, helping those in need, and doing what’s RIGHT! (to some it all up!) Did you know on December 9, 2010, Buffett, Bill Gates, and Facebook CEO Mark Zuckerberg signed a promise they called the “Gates-Buffett Giving Pledge“, in which they promise to donate to charity at least half of their wealth, and invite other wealthy people to follow suit?! Wikipedia (that’s pretty dang nice!) He lives a content life, only paid 100.000/per year while living in the same house he bought in 1958. He doesn’t need to flash his riches, matter of fact he would much rather give money to those in need (how much money does a person really need? Do the rich really need more money or is it greed that has taken over?!)
The Intelligent Investor by Benjamin Graham (1991-04-05)
Lessons on investing
If you really want to know what changed his life, well… it was a book called ‘The Intelligent Investor’ by Benjamin Graham. In Buffet’s words… “It really says that a stock is a piece of a business. If you buy a piece of a good business, and somebody’s running it for you, and they’re honest and able, and you pay a reasonable price, you’re gonna make a lot of money.” CBSNEWS.com
He also says to be a good investor you not only research and learn about the company, following it for a while, BUT you must have emotional stability, to personally be able to detach yourself from fear or greed, especially when fear and greed exists in the market.
The Sunday Morning With Warren Buffet On CBSNEWS ENJOY!
… And there you have it! Warren Buffet da man who takes what works and shares it to everyone to spread the knowledge of wealth. Good luck to those who plan to invest, be smart, of sound mind, and do your homework!
Take care readers!
photo 1 by: vintagevalueinvesting.com