There are many ways to describe Warren Buffett such as genius, best investor of
all time, down to earth, and full of wisdom. Buffett is the second richest man on the
planet and still seems to come off as an average person. He is a native of Omaha,
Nebraska and attended the University of Nebraska-Lincoln for his undergraduate
degree. Buffett attended Columbia of the Ivy League for his graduate degree. He has
been very generous with his wealth, which is estimated to be worth $40 billion.
When Warren Buffett was 25 years old, he began a limited partnership with his
close family and friends. His original capital was estimated just over $100,000, over
the next decade he added partners who brought money with them for him to invest.
He did not have a year in which his company did not make money that decade and in
return was paid 25% of the profits.
Once his partnership dissolved, he began distributing shares of Berkshire
Hathaway. Long story short, Buffett has taken Berkshire Hathaway from $7 per
share to $103,000 today and owns over 65 companies. The most recent company
Buffett purchased was Burlington Northern for $34 billion, which is the biggest
acquisition of his life.
By purchasing Burlington Northern, Buffett is betting on the United States
economy making a comeback. Moving materials by railroad is much more cost
effective than by trucks. Buffett is a man who has many followers and he has given
hope to people by making this gamble on America.
Warren Buffett plans to give away 85% of his fortune to charities and
foundations, most of it going to the Bill and Melinda Gates foundation. He is a truly
generous man and cares deeply about the people of America. Buffett will go down in
history forever because of his brilliant investing but will be remembered by many
around the country for what he gave back to it....
References: 1. CNN Money. 25 June 2006. Web. 15 Nov. 2009. .
2. About.com. 2009. Web. 25 Nov. 2009. .
3. Los Angeles Times. 4 Nov. 2009. Web. 15 Nov. 2009. .
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