Growing-up kids have a lot of different dreams and
aspirations. Some kids want to be pilot other dream about being a movie star, a
singer or a speed car racer but out of all the kids some kids are able to make
history and leave a legacy in the field they dreamt about when they were kids.
Once such kid grew up to be one of the richest person alive on earth and the
most charitable person ever alive. He is the name in the investing and he had
made his fortune out of his investments.
Warren Buffet, when he was a small boy, did his first
investment, which was buying 3 stocks of the company. He bought the stocks of
the company at the mere age of 11 years. Warren buffet, which is now a
billionaire with estimated worth over $45 billion, started his first investment
in the Cities services preferred shares. During his studies Warren had the
fortunate experience of having great mentor like Ben graham who wrote a lot on
the value investing and had a lot of experience in the stock market investment.
The graham inspired the young boy and Buffet now more than ever started
focusing on his investment strategies. Ben Graham had a brokerage and house and
he offered a broker job to Warren buffet which Buffet accepted promptly and
started working at a very good brokerage firm. During working with the Ben
graham however the young broker realize how his investment style is different
from that of his mentor.
In 1956, Buffet started his own firm on partnership. The
company that he started at that time had asset under management a little over
$300,000, which nowadays is in billions of dollars. Buffet never stops to amaze
the investment community. In the first year of his own firm he earned the
return, which was 160 points above the Dow Jones index return, and this early
success marked the capstone of his company and Buffet’s success and personal
fame. Warren Buffet in 1965 obtained over 49% equity of the Berkshire Hathaway
which was an investment company but was managed so poorly. Now Buffet has
personal wealth of over $45 Billion and still overlooks his own investment
company. The Buffet that joined the investors club at the age 11 and the Buffet
of today who is a billionaire both had the same dream. The key to making such
considerable success in the investment is to make well informed decisions.
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