The world's

greatest inevestor THE

OPTIMIST

FATIN NADIAH BINTI MOHD NASIR

WARREN
BUFFET
2022622174
INTRODUCTION
American business titan, philanthropist, and investor Warren Edward Buffett. Warren Buffett is the chairman and
the company's largest stakeholder, a company that owns over 60 businesses, including the insurance provider Geico, the
battery producer Duracell, and the restaurant chain Dairy Queen. Berkshire Hathaway is an investing firm that has grown
its market value by an average of 20% per year since 1965. He is regarded as one of the most successful investors in the
world, becoming one of the richest individuals in the world. Warren Buffett is a successful leader in addition to being a
successful investor. This assignment will show Warren Buffett's early life, education, career, personal life also awards and
recognition. According to Bloomberg, Warren Buffett, who is regarded as the best investor of all time, has amassed a net
worth of around $100 billion and is now the sixth richest person in the world. Buffett stands out among the world's wealthy
because he built his fortune by repeatedly putting his money into various companies before eventually acquiring control of
Berkshire Hathaway, which now serves as his main investment vehicle. Warren contributed nearly 99% of his fortune,
despite his success, and didn't forget to support the economy. More than $45 billion of his donations go to the Gates
Foundation and his children's foundations.

EARLY-LIFE
Warren Edward Buffett born in August 30, 1930, a
businessman and investor, was born in Omaha, Nebraska, on
August 30, 1930. Buffett’s family were entrepreneurs.Howard
Buffett, Warren Buffett's father, was a stockbroker and a
member of Congress in addition to being a businessman and
investor. Leila Stahl Buffett, Warren's mother, was a
housewife. Howard and Leila had three children, with Buffett
being the lone boy. Even as a young child, Buffett shown a
talent for handling money and commercial affairs. The young
youngster was described as a mathematical prodigy by
acquaintances and close colleagues. The Great Depression had
a significant impact on Buffett's life, among other things. After
losing his work, his father eventually had to start his own stock
brokerage business. For the rest of his life, Buffett would have
significant psychological effects from these formative years. At
the age of six, Buffett's career as an entrepreneur took off. He
started his business career by selling lemonade in his driveway
before moving on to door-to-door sales of chewing gum and
Coca-Cola. Buffett possessed the early-life entrepreneurial
hustle attitude. Warren would frequently go to his father's
stockbrokerage office during this formative period and write
the stock values on the office's chalkboard. Buffett was also
involved in a number of other entrepreneurial endeavours, such
as paper routes, buying used Rolls Royce and then renting
them out, purchasing real estate and renting it out, buying golf
balls and reselling them, selling popcorn and peanuts at
sporting events, and collecting winning race ticket slips that
were left on the ground. Buffett stated, "By the age of 10, I had
read every book in the Omaha Public Library with the word
finance in the title, some twice” (Omaha.com, 2008, p. 88). At
a cost of $38, he purchased three shares in Cities Service
Preferred. Buffett began investing at the age of 11, he
purchased three shares in Cities Service Preferred at a cost of
$38 and was already managing a small business by the age of
13. Buffett earned $6,000 by the time he was 16 years old, or
$53,000 in today's currency. Buffett grew up knowing that he
wanted to be wealthy.
EDUCATION
Rose Hill Elementary School was where he started his studies. Warren
completed elementary education, went to Alice Deal Junior High
School, and eventually graduated from Woodrow Wilson High School in
1947 after moving to Washington, D.C. with his family. Buffett was
persuaded by his father to enrol in college after high school even though
he believed that working and gaining expertise through his business
endeavours would be the best course of action. Buffett placed a higher
importance on business experience than book reading. He spent two
years at the University of Pennsylvania's Wharton School of Business,
nevertheless, as a result of peer pressure from his father. Buffett resented
the fact that he frequently knew more than the academics. At the age of
19, he transferred to the University of Nebraska at Lincoln, where he
earned a Bachelor of Science in 1950. Buffett enrolled at Columbia
Business School at Columbia University after being turned down by
Harvard Business School and finding that Benjamin Graham was a
professor there. After reading Benjamin Graham's book called The
Intelligent Investor, he wrote Graham to see whether he was still alive
and to express his desire to learn from him. Buffett was accepted into
Columbia University's master's programme after Graham replied "yes."
He was one of Graham's most cherished students and received a Master
of Science in Economics. Buffett excelled in spite of being the youngest
student in the class; he was the only one to ever receive an A+ from
Graham. Buffett attended the New York Institute of Finance after
graduation.
CAREER
Buffett applied to Graham's company after earning his graduate degree and offered to labour for no pay. Graham, though,
declined his application. He relocated back to Omaha and spent five years working as a stockbroker for his father's business.
Buffett was quite persistent and innovative throughout this time. He stayed in touch with Graham and gave various financial
advice that would ultimately be profitable for both Graham and Buffett. When interviewed later in life, Buffett would
emphasize that some of the most important keys to success in business are being very creative, not thinking like others, or
thinking “way outside of the box” and also being persistent (Finkle, 2010a). Buffett eventually got a job with Graham, and he
worked there from 1954 to 1956. At Graham's Wall Street firm, he began at a starting salary of $12,000. Graham retired and
ended the partnership in 1956, leaving Buffett with a fortune of $1.53 million in today's money. Buffett claimed he had the
resources to retire at the age of 26. Buffett contemplated his next career move after Graham ended his investment partnership.
He established his own investment partnership when he got back to Omaha. Buffett chose to return to his roots in 1956 and
start a new business. The Buffett Partnership, Limited was started by him. According to Buffett, “I will run it like I run my
own money. I will take part of the profits and losses, but I will not tell you what I am doing” (Finkle, 2010b). Buffett had five
partnerships at age 28 and seven at age 30. One million dollars of the $7 million value of these seven partnerships belonged
to him. In New Bedford, Massachusetts-based Berkshire Hathaway, a textile producer, Buffett started making purchases in
1962. By 1964, Buffett had acquired 7% of the business. He committed 25% of the partnership's entire funding to the
purchase, and the business ultimately failed in 1985. Buffett liquidated his firm in 1969 and converted all of its assets into
stock in Berkshire Hathaway, Inc. Berkshire would now serve as a holding company for Buffett's acquisitions of other
businesses and assets. In 2016, Berkshire Hathaway’s float of $91 billion (Buffett, 2017) and it made it possible for Berkshire
Hathaway to purchase struggling businesses quickly and give them new life. Berkshire bought Fruit of the Loom for a mere
$835 million out of bankruptcy in 2002 after its stock had plunged 97% (Investopedia.com, 2014). Throughout the years,
Berkshire acquired stakes in 61 businesses, including American Express, Wells Fargo, Coca-Cola, Kraft, Burlington
Northern Santa Fe (BNSF), Dairy Queen International, Wal-Mart Stores, Inc., Procter & Gamble, Washington Post
Company, and other well-known public corporations. "Be greedy when others are afraid," was one of Warren Buffett's
catchphrases and Graham was the one who first said this. Buffett adopted this approach and made $10 billion between the
financial crisis of 2008 and 2009.
 PERSONAL LIFE
In 1949, Buffett started having feelings for a young woman whose boyfriend played the ukulele. He bought one of the
instruments to try to compete, and he's been playing it ever since. In addition to his job, he enjoys playing the ukulele. Despite
being very busy with his business, he always makes time to play his favourite ukulele. Although he was unable to get her
attention, his love of music played a significant role in his relationship with Susan Thompson, which eventually resulted in
their marriage in 1952. Susie, Howard, and Peter, their three children, were born. Although they separated in 1977, the pair
remained wed until Susan Buffett passed away in July 2004. Susie, their daughter, volunteers through the Susan A. Buffett
Foundation. Buffett married Astrid Menks, who had been his roommate since his wife left him in 1977 for San Francisco, on
his 76th birthday in 2006, when she was 60 years old. During a routine examination on April 11, 2012, Buffett was identified
as having stage I prostate cancer.

AWARDS AND RECOGNITION

One of the richest and most renowned businesspeople in the world, Warren Buffett is a master of investments. As of 2018,
Warren Buffett's net worth was projected to be $ 84 billion. Buffett donated over $ 28 billion to charity between the years of
2006 and 2017. Buffett oversaw the development of a conglomerate with assets in the media, insurance, energy, and food and
beverage industries, becoming one of the world's richest people and a well-known philanthropist in the process. To encourage
more wealthy people to support charitable organisations, Warren Buffett and Bill Gates revealed they had founded The
Giving Pledge programme in 2010. President Barack Obama's 2011 award of the "Presidential Medal of Freedom" is one of
the biggest. Every morning, Warren Buffett eats the same meal from McDonald's, never spending more than $3.17. He treats
12 children by taking them to Dairy Queen every Sunday. He declared in 2006 that he would progressively donate five
foundations 85 percent of his Berkshire Hathaway stock. He gave stock in Berkshire Hathaway worth more than $ 2.86
billion to five non-profits in July 2016, one of which was The Bill and Melinda Gates Foundation. In both 2014 and 2015, he
made donations totalling about $2.8 billion.
OTHER RELEVANT
DETAILS
Warren Buffett is not a published author. Legendary
investor and passionate reader at the same time.
Every day, he reads books, yearly reports, and
newspapers. He maintains that this practise
multiplies knowledge more than any other. Warren
Buffett has frequently recommended books in
interviews, annual reports, and annual meetings over
the years. Here is the chairman of Berkshire
Hathaway's pick of the top books on investments,
finance, economics, history, and life. The Snowball:
Warren Buffett and the Business of Life, provides
readers with a very thorough look at Warren
Buffett's life. It is a well-drawn portrait of a man
about whom nothing is known, except from his
prominence in the financial industry. The most
important lesson to take away from this book is how
important time is for learning, gaining knowledge,
and making decisions. Even though Mr. Buffett is
one of the wealthiest people in the world, he has
lived a modest, humble, and humble life. Moreover,
The Warrant Buffet Way which was about everyone
who makes stock market bets wants to be wealthy,
but they lack the knowledge to accomplish it. Such
people look up to persons who have achieved
success because they are eager to make money. One
such extraordinarily successful person, Warren
Buffett, has achieved astonishing success with his
own investing approach and guiding beliefs. This
biography of Warren Buffett provides examples of
the methods and theories he used to build and sustain
his financial empire. Buffet is a powerful figure that
inspires people all around the world with his
motivational quotes. One of his most well-known
quotes will provide us a strong foundation, “The first
rule is not to lose. The second rule is not to forget the
first rule.” – Warren Buffett.
REFERENCES
Buffett, W.E. (2017). Berkshire Hathaway’s 2016 Annual Shareholder Letter.
https://www.berkshirehathaway.com/letters/2017ltr.pdf
Finkle, T.A. & Buller, P.F. (2012). Wisdom from Warren Buffett. Research in Higher
Education Journal, 16, 1-10.
Mcfarlane, G. (2022, May 19). How Warren Buffett made Berkshire Hathaway a World-beater.
https://www.investopedia.com/articles/markets/041714/how-warren-buffett-made-berkshire-
hathaway-worldbeater.asp
Omaha.com (2008, November 14). Budding Buffetts: Where to Begin.
http://archive.fortune.com/2008/11/14/news/newsmakers/buffett_excerpt.fortune/index.htm
Warren Buffet. (2022, Dec 1). In Wikipedia.
https://en.wikipedia.org/wiki/Warren_Buffett