Professional Documents
Culture Documents
Warren Edward Buffett
Warren Edward Buffett
Objectives
• Biography
• Social and business transformation
brought about by the leader
• Contribution to the society
• Relevance to the current context
• Merits and positivities of the leader
• Demerits and negativities of the leader
• Summary
1. Biography/History
• Bought first stock at age 11
• Is management rational?
• Is management candid?
• Does management resist the institutional imperative?
Rationality
• If a company generates high returns on equity, the
duty of management is to reinvest those earnings
back into the company, for the benefit of
shareholders
Value Investor
– Amex
The Buffett Way
So you say I can
make great
returns here?
“Economic moat”
Intrinsic value
Berkshire Hathaway’s
Class A & B shares vs. S&P 500
Methodology
"Wall Street is the only place that people ride to in a Rolls Royce
to get advice from those who take the subway."
Sources:
http://www.investopedia.com/university/greatest/warrenbuffett.asp
http://www.investopedia.com/articles/01/071801.asp
http://www.investopedia.com/articles/06/threewisemen.asp
http://en.wikipedia.org/wiki/Warren_Buffett
http://finance.yahoo.com/