Warren Buffet, the renowned CEO of Berkshire Hathaway, is truly an inspirational figure for entrepreneurs, both young and old. Why so? Because, he proved that age is just a number when it comes to ideation and implementation.
Hello and welcome…
to another exciting episode of Channel IM where we talk about the rich and famous Warren Buffett, who dared to break social norms.
Have you ever faced people filling your mind with negative suggestions? Well… Let’s hope this series would help you change your perspective and chase your dreams!
An American business magnate, investor, and philanthropist who is considered one of the world’s most successful investors with a net worth of over $117 billion as of March 2022, Warren Buffett, is the sixth richest man in the world! He developed his interest in business and investment during his young days. He created Buffett Partnership Ltd in 1956 and his firm eventually acquired a textile manufacturing firm called Berkshire Hathaway to create a diversified holding company. At 92 years, he still invests in businesses he feels right. Every investor looks up to ‘the Oracle of Omaha’ as their god-sent guide to investment acumen.
Rich but prudent, Mr Buffett lives in the same Omaha home he bought in 1958 and has McDonald’s for breakfast. Renowned value investment pioneer Benjamin Graham’s business strategies became the cornerstone of Buffett’s career. Buffett believes in value investing which involves seeking out companies that have high intrinsic value, justified by their financial solidity, assets, earnings, and dividends.
Known as a buy-and-hold value investor, Buffett typically buys stakes in companies whose business operations he says are easily understandable. Some of the companies in which Buffett has major interests, or which he owns include Coca-Cola, Kraft-Heinz, AT&T, Wells Fargo, IBM, and American Express. He holds North America’s second-largest railroad line, BNSF Railway, as a wholly-owned subsidiary. He also owns or controls companies dealing in jewelry and home furnishings, as well as a group of newspapers that includes his hometown’s Omaha World Herald.
Buffett is also renowned for his caution. As technology stocks ran up in price during the bubble of the 1990s, a number of his fellow investors heaped scorn on him because he refused to invest heavily in that sector. When the tech bubble burst, many of these critics went bankrupt. Meanwhile, Buffett had doubled his investments.
Well known for his charity and generosity, Buffett made headlines when he announced his plans to donate most of his vast fortune during his lifetime to the Bill and Melinda Gates Foundation, which works to promote health care, education, and literacy throughout the world. Berkshire Hathaway’s stock is currently valued at above $320,000 per share (with a market value of over $500 billion
