Warren Buffett The Magician of Share Market
Warren Buffett is known as a stock market magician and his total assets are more than that of many countries’ GDP.
Warren Buffett is the third richest person in the world. And he is the World’s Largest Investor. People also know them as share market’s magician. Warren Buffett donated $ 3,700 million to the Bill & Melinda Gates Foundation. And he invested 15 billion dollars in Solar City, the company of Elon Musk. Warren Buffett was born on August 30, 1930, in Nebraska Omaha USA. His father’s name was Howard Buffett and Mother’s name, Leila Buffett. Warren Buffett’s father used to work but later lost his job for some reason. After that, his father started buying shares in the stock market and became a share investor.
His father had taught the art of investing them at a very young age. At the age of 7, they read a book that they had rented from the Omaha Public Library. The name of that book was One Thousand Ways To Make $ 1000. Warren was inspired by this book. And they thought, now they have to earn money. So they sold the chewing gum, sold the Coca-Cola bottle, Weekly Magazines deliver in each home, and also worked in his grandfather’s crockery shop.
When they were in high school. Then they worked to reach the newspaper to people’s houses. And collected the money. Warren Buffett bought his first shares at the age of 11. But when the price of those shares reduced, they sold these shares in haste. And later the price of those shares increased. Whereby, Warren could not earn profits. From this thing, they got a lesson. That should never sell your shares in haste. And keeping this in mind, they learned to keep the next shares with them for a long time.
At the age of 13, Warren Buffett paid his first income tax. At the age of 15, they bought a pinball game and put him in partnership with a hair salon. And in a few months, Warren Buffett became the owner of three pinball game machines. Later, they sold this business for $ 1200. Near the age of 16, they had saved $ 9 800. Warren was getting success in his business. So he did not want to go to college after high school And wanted to enter directly into business. But his father did not let them do that. And Warren Buffett had to take admission at Columbia University in New York.
After this, they went to the Harvard Business School to take up business knowledge. But they did not get admission there. He bought a gas station in his initial investment. In which they had to suffer losses. Warren Buffett learned the technique of the stock market by reading the book “The Intelligent Investor” written by Benjamin Graham. Warren considers Benjamin Graham as his guru. And he credits 85 percent of his success to Benjamin Graham.
Warren, to work with Benjamin Graham, went to him. And asked to work with them for no salaries. But Due to being Warren Buffett’s Jewish, Benjamin Graham refused Warren. Benjamin Graham understood Warren Buffett’s talent a year later. And Benjamin Graham got ready to work with Warren Buffett. And he also offered Warren $ 12,000 annually in Salary. Warren Buffett learned from Benjamin Graham during this job. How to use stock market fluctuation, for its own benefit. Two years later, Benjamin Graham retired. And Warren Buffett plans to start a business with his deposit. He created an investment firm named after Buffett Partnership, which was a very successful business. After being good earning from this business, in 1958 he bought his first home in Omaha for $ 31,500. The simplicity of Warren Buffett is so much that he today still lives in the same house.
After earning from Buffett Partnership, he invested it in the share of the textile firm Berkshire Hathaway. He started to buy shares of this firm rapidly. And by 1965, Warren took control of this firm in his hands. That too, at just 35 years of age. After that, Warren started investing in different companies and continued to generate income. He invested heavily in large media industries like “The Washington Post” newspaper company and “Australian Broadcasting Corporation” and made more profit than expected. In 1981, they bought 7% shares of Coca-Cola for $ 1.2 billion. Which they have not sold even today.
Warren Buffett became the richest person in the world with $ 62 million in 2008. However, two years after, they became the world’s third-richest person in 2010. The reason for their third place was the reason. That he is the world’s most charitable person. Buffett was 87 years old on August 30, 2017. There are no such things in the world that he can not buy. But still, he still uses the same things that he had used before. There are no such things in his house that no one uses. Warren Buffett has already understood his children. That they will not get any much larger asset in heritage. Warren Buffett tells him that all his property will be donated to the society.
- Warren has no expensive car. And they did not change their office. He still works at the same desk even today. On which he used to work years ago.
- His total assets are more than the GDP of many countries. They have already decided that After they, their wealth will not get their children, society will get it.
- By January 2018, Warren’s total assets are $ 91.6 billion, making him the third richest person in the United States and the world.
- Warren has invested in many large companies such as – Microsoft, Tesla, Coca Cola, PayTM. And there will be many companies in which they have to be invested.
- There is no such thing in the world. which Warren cannot buy. But he says, That:-
” If you buy things you do not need it.”
“So later, you will have to sell what you need.”