Warren BuffetBerkshire Hathaway Warren Buffett’s determination and creativity have made him who he is now: the chairman of a long-term investment company which has more than $2 billion in holdings. As a child, Buffett was already ambitious. He was an enthusiastic and industrious paper boy for the Washington Post, and tried to cover more than one route at the same time. He also made money by collecting and selling lost golf balls. Buffett’s interest in finance was clear extremely early on in his life. He started playing the stock market with one of his sisters when he was eleven. At twelve, he was betting on horses, and by high school he had started a business (pinball machines) with a friend, which earned him fifty dollars a week. Not only did he own a business by graduation, but he also had bought himself forty acres of Nebraskan farm land with his profit. Graduate school was a formative time for Buffett. It was there that he met Benjamin Graham, an economic scholar whose work Buffett had begun studying in college. Buffett believed strongly in Graham’s theory that it is wise to look for stocks of companies which are undervalued, which will most probably prosper with a little time. Thus began Buffett’s untraditional approach to portfolio management. After working for his father’s investment banking company for the three years after business school, Buffett returned to Graham and worked as a security analyst at Graham’s company for two years until 1956. In that year, at the age of twenty-five, Buffett started his own investment company, the Buffett Partnership, using $5,000 of his own funds and collecting $100,000 from interested friends and family. One of the smartest moves made by Buffet’s company at that time was to invest in American Express. In 1963, a scandal surrounded AmEx, and Wall Street believed the company was near the end. But Buffett, always with his wits about him and his thinking cap on, noticed when in restaurants and shops that customers were still using the card to buy. He went ahead and bought 5 percent of the stock, which by 1961 had risen from 35 to 189 market points. Buffett is now chairman of Berkshire Hathaway Inc., which makes the long-term investments which Buffett is so adept at choosing. 명성이가 제일 존경하는 가치 투자자 워렌버핏 버크셔헤더웨이의 워렌버핏이 성공한 두 가지 이유가 있는 것 같다 첫 번째, 어렸을 때부터의 경제적 독립심인 듯하다. 두 번째, Benjamin Graham이라는 큰 스승을 만난 것이다. 워렌버핏을 존경하는 이유가 그가 부자라서가 아니라 그의 경제를 읽는 안목과 엄청나게 벌어들인 돈을 사회에 환원하여 가치 있게 쓸 줄 아는 그가 멋져 보인다. 가치투자 누구나 아는 사실이지만 행동하기는 힘든 사실 ! 복리의 마법 나도 한번 실천해 봐야겠다.
Warren Buffet
Warren Buffet
Berkshire Hathaway
Warren Buffett’s determination and creativity
have made him
who he is now: the chairman of a long-term
investment company
which has more than $2 billion in holdings.
As a child, Buffett was already ambitious.
He was an enthusiastic and industrious paper boy
for the Washington Post,
and tried to cover more than one route at the same time.
He also made money by collecting and selling
lost golf balls.
Buffett’s interest in finance was clear extremely
early on in his life.
He started playing the stock market with one of
his sisters when he was eleven.
At twelve, he was betting on horses, and by high
school
he had started a business (pinball machines)
with a friend,
which earned him fifty dollars a week.
Not only did he own a business by graduation,
but he also had bought himself forty acres of
Nebraskan farm land with his profit. Graduate school
was a formative time for Buffett.
It was there that he met
Benjamin Graham, an economic scholar whose work
Buffett had begun studying in college.
Buffett believed strongly in Graham’s theory
that it is wise to look for stocks of companies which are undervalued,
which will most probably prosper with a little time.
Thus began Buffett’s untraditional approach to portfolio
management.
After working for his father’s investment banking
company for the three years after business school,
Buffett returned to Graham
and worked as a security analyst at Graham’s company
for two years until 1956. In that year, at the age of
twenty-five,
Buffett started his own investment company,
the Buffett Partnership,
using $5,000 of his own funds and collecting
$100,000 from interested friends and family. One of
the smartest moves made by Buffet’s company
at that time was to invest in American Express.
In 1963, a scandal surrounded AmEx,
and Wall Street believed the company was near the end.
But Buffett, always with his wits about him and his thinking
cap on, noticed when in restaurants and shops
that customers
were still using the card to buy. He went ahead and
bought 5 percent of the stock,
which by 1961 had risen from 35 to 189 market points.
Buffett is now chairman of Berkshire Hathaway Inc.,
which makes the long-term investments which
Buffett is so adept at choosing.
명성이가 제일 존경하는 가치 투자자 워렌버핏
버크셔헤더웨이의 워렌버핏이
성공한 두 가지 이유가 있는 것 같다
첫 번째, 어렸을 때부터의 경제적 독립심인 듯하다.
두 번째, Benjamin Graham이라는 큰 스승을 만난 것이다.
워렌버핏을 존경하는 이유가
그가 부자라서가 아니라 그의 경제를 읽는 안목과
엄청나게 벌어들인 돈을 사회에 환원하여
가치 있게 쓸 줄 아는 그가 멋져 보인다.
가치투자 누구나 아는 사실이지만 행동하기는 힘든 사실 !
복리의 마법 나도 한번 실천해 봐야겠다.