Early Life
Warren Edward Buffett was born on August 30, 1930, in Omaha, Nebraska. He showed an early interest in business and investing, influenced by his father, a U.S. congressman and businessman. He began his education at Rose Hill Elementary School. In 1947, he enrolled at the Wharton School of the University of Pennsylvania before graduating from the University of Nebraska at 20. He later earned a Master of Science in Economics from Columbia University, where he learned value investing under Benjamin Graham.
Rise to Success
Buffett began his professional career in his father's firm, Buffett-Falk & Co., and later worked at Graham-Newman Corp. as a securities analyst. In 1956, he formed Buffett Partnership Ltd. In 1965, Buffett took control of Berkshire Hathaway, a textile manufacturing company, which he transformed into a diversified holding company. He built Berkshire Hathaway into one of the largest and most successful companies in the world, known for its long-term investments in various industries.
Key Business Strategies
Buffett is renowned for his value investing strategy, focusing on buying undervalued companies with strong fundamentals and competitive advantages. He emphasizes long-term investments, a focus on management quality, and a margin of safety. His investment philosophy, rooted in Graham's teachings, prioritizes thorough research and a patient approach to investing.
Philanthropy
Warren Buffett has pledged to give away over 99% of his wealth. He has donated nearly $65 billion to philanthropic causes, primarily through the Gates Foundation and his children's foundations. In 2010, he and Bill Gates launched The Giving Pledge, encouraging billionaires to donate at least half their fortunes to charity.