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.