Warren Edward Buffett is most known for being one of the world's most successful investors. He is an American business magnate, philanthropist.
Warren Buffett was born in Omaha on August 30, 1930. He developed an interest in the business world and investing at an early age including in the stock market. Buffett started his education at the Wharton School at the University of Pennsylvania before moving back to go to the University of Nebraska, where he received an undergraduate degree in business administration. Buffett later went to the Columbia Business School where he earned his graduate degree in economics.
Buffett began his career as an investment salesperson in the early 1950s but formed Buffett Associates in 1956. Less than 10 years later, in 1965, he was in control of Berkshire Hathaway. In June 2006, Buffett announced his plans to donate his entire fortune to charity.2 Then, in 2010, Buffett and Bill Gates announced that they formed the Giving Pledge campaign to encourage other wealthy individuals to pursue philanthropy.
In 2012, Buffett announced he was diagnosed with prostate cancer.4 He has since successfully completed his treatment. Most recently, Buffett began collaborating with Jeff Bezos and Jamie Dimon to develop a new healthcare company focused on employee healthcare.
Buffett follows the Benjamin Graham school of value investing. Value investors look for securities with prices that are unjustifiably low based on their intrinsic worth. There isn't a universally accepted way to determine intrinsic worth, but it's most often estimated by analyzing a company's fundamentals.
These are some of the Business Lessons from Warren Buffett :
1. You Should Start Your Own Business Now
2. Thrive to be Different
3. Reinvest Your Profits
4. Integrity Matters
5. Be Swift in Taking Business Decisions
6. Know the Terms of the Business
7. Don’t Always Borrow
8. Be Persistent
9. Do Not Overlook Small Expenses
10. Be Definite about what success is
Thank You, Sir
Happy Birthday Warren Buffet, Sir