![]() ![]() Graham's philosophy has permeated most of Buffett's decision in the 40-plus years since they first met. "I don't want to sound like a religious fanatic or anything, but it really did get me," Buffett was quoted as saying in the New York Times Magazine about Graham's writings. Harvard Business School rejected him, but Columbia University's Graduate School of Business accepted his application.Ĭolumbia was a key turning point in Buffett's life, for it was there that he met Benjamin Graham, co-author with David Dodd of the landmark textbook Security Analysis. ![]() ![]() He stayed two years, moved to the University of Nebraska to finish up his degree, and emerged from college at age 20 with $9,800 in cash from his childhood businesses. At age 16, a prodigy in statistics and mathematics, he enrolled at the University of Pennsylvania. Young Warren Buffett expanded his business interests by placing pinball machines in Washington, D.C. House of Representatives and the family moved to Fredricksburg, Virginia. In 1942 Buffett's father was elected to the U.S. He chalked in stock prices on the big blackboard at his father's office, and at age 13 ran paper routes and published his own horse-racing tip sheet. The boy received an early, close-up look at the stock market: his father Howard was a broker, and young Warren, just nine years old, often visited the shop and charted stock performances. Warren buffett wake up time professional#However, each time Buffett-known in the financial world as the "Oracle of Omaha"-speaks, just about everyone, from the most accomplished professional prognosticator to the stock-playing hobbyist, pays attention.īorn in 1930 in Omaha, Nebraska, Buffett always "wanted to be very, very rich," as a Time article put it. The periodic insights into his success that he dispenses are usually witty and simple. He shuns New York and Los Angeles, preferring to run his far-flung empire from modest offices in Omaha, Nebraska. His associates, however, say his hayseed manner disguises a brilliant sophisticate. Throughout it all Buffett has retained a seeming simplicity that goes along with his down-home, Midwestern roots. As of 1995 Buffett, with a personal fortune of some $12 billion in Berkshire stock, was the second-wealthiest individual in America, right after his friend, Microsoft chairman Bill Gates. Buffett is one of the richest men in America, and he is a success story in the classic mold. For example, if someone had given him $10,000 to invest in 1956 he or she would be worth over $60 million by 1994. ![]()
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