"Warren Buffett Successful Story"

 Warren Buffett was born in 1930 in Omaha. Warren Buffett is the world's third-richest man.

From childhood Buffett was interested in savings, business, investment, and in share market from his childhood. In his childhood, he has his interests in economics, business studies and he started investing his money from a very young age. Buffet purchased his first stock when he was only 11 years old. It shows that he was born with business in his blood.

Warren buffet displayed his investing, money-saving, and money-making skills from his young age. He sells chewing gums, coca-cola, newspapers, and magazines door to door .

Warren Buffet , America's third-richest man, has increased his net worth by around $10 billion in the past year. Now 88, Buffett's estimated net worth stands at $88.3 billion.  He Still living in the house he bought in the 1950.

·       Benjamin Graham and The Intelligent Investor :

Graham is often called the "Dean of Wall Street" and the father of value investing, as one of the most important early proponents of financial security analysis. He championed the idea that the investor should look at the market as though it were an actual entity and potential business partner—Graham called this entity "Mr. Market"—that sometimes asks for too much or too little money to be bought out.

It would be difficult to summarize all of Graham's theories in full. At its core, value investing is about identifying stocks that have been undervalued by the majority of stock market participants. He believed that stock prices were frequently wrong due to irrational and excessive price fluctuations (both upside and downside). Intelligent investors, said Graham, need to be firm in their principles and not follow the crowd.

Graham wrote The Intelligent Investor in 1949 as a guide for the common investor. The book championed the idea of buying low-risk securities in a highly diversified, mathematical way. Graham favored fundamental analysis, capitalizing on the difference between a stock's purchase price and its intrinsic value

• ·       Entering the Investment Field :            
  
  
  

Before working for Benjamin Graham, Buffett had been an investment salesman—a job that he liked doing, except when the stocks he suggested dropped in value and lost money for his clients. To minimize the potential of having irate clients, Buffett started a partnership with his close friends and family. The partnership had unique restrictions attached to it: Buffett himself would invest only $100 and, through re-invested management fees, would grow his stake in the partnership. Buffett would take half of the partnership’s gains over 4% and would repay the partnership a quarter of any loss incurred.

Furthermore, money could only be added or withdrawn from the partnership on December 31, and partners would have no input about the investments in the partnership.

By 1959, Buffett had opened a total of seven partnerships and had a 9.5% stake in more than a million dollars of partnership assets. Three years later by the time he was 30, Warren was a millionaire and merged all of his partnerships into a single entity.

• ·       Buying Berkshire Hathaway :

In 1962, Buffett saw an opportunity to invest in a New England textile company called Berkshire Hathaway and bought some of its stock. Buffett began to aggressively buy shares after a dispute with its management convinced him that the company needed a change in leadership. Ironically, the purchase of Berkshire Hathaway is one of Buffett major regrets. 

·      Philanthropy :

In February 2011, Buffett attended a ceremony at the White House where he, along with fourteen others, received a Presidential Medal of Freedom, which is America’s highest civilian honor. It was awarded by President Obama, who said the people being awarded were “some of the most extraordinary people in America and around the world”. Since the year 2000, Buffett has donated more than $46 billion, making him the most charitable billionaire. It was always his aim to build up wealth in order to give it away to help the wider society.