This success story is about One of the most successful investors of the world, Warren Buffett.
Warren Edward Buffett was born on August 30, 1930, in Omaha, Nebraska. Buffett’s father, Howard, worked as a stockbroker. His mother, Leila Stahl Buffett, was a homemaker. Buffett was the second of three children and the only boy.
Warren Buffett may have been born with business in his blood. He purchased his first stock when he was 11 years old and worked in his family’s grocery store in Omaha. His father, Howard Buffett, owned a small brokerage, and Warren would spend his days watching what investors were doing and listening to what they said. As a teenager, he took odd jobs, from washing cars to delivering newspapers, using his savings to purchase several pinball machines that he placed in local businesses.
His entrepreneurial successes as a youth did not immediately translate into a desire to attend college. His father pressed him to continue his education, with Buffett reluctantly agreeing to attend the University of Pennsylvania. He then transferred to the University of Nebraska, where he graduated with a degree in business in three years.
He was rejected by Harvard Business School.
After graduating from the University of Nebraska in three years, Buffett utilized Harvard Business School. But throughout a quick interview with the college that will decide his acceptance, the workers stated to Buffett: “Forget it. You’re not going to Harvard.”
After a lot of disappointment from the rejection, Buffett found that his idols Benjamin Graham (“the father of value investing”) and David Dodd have been professors at Columbia Business School.
“I wrote them a letter in mid-August,” Buffett shares. “I said, ‘Dear Professor Dodd. I thought you guys were dead, but now that I found out that you’re alive and teaching at Columbia, I would like to come.’ And he admitted me.”
Buffett’s secret to staying young? Coca-Cola and ice cream.
In an interview with Fortune, Buffett claimed he is “one-quarter Coca-Cola” — “If I eat 2,700 energy a day, 1 / 4 of that’s Coca-Cola. I drink a minimum of 5 12-ounce servings. I do it every single day.”
For breakfast, Buffett usually frequents McDonald’s for a bacon, egg, and cheese biscuit if the market is up, or an austere two sauage patties if the market is down. On most days, Buffett will go to his beloved Dairy Queen for an ice cream dessert.
When requested how he’s managed to remain wholesome with such a salty and sugary eating regimen, he stated, “I checked the actuarial tables, and the bottom death price is amongst 6-year-olds. So I decided to eat like a 6-year-old.”
He’s lived in the same house since 1958.
When you think of a billionaire, you typically think of mansions, vacation homes, and expensive cars. That’s never been the case for Buffett. (Perhaps that’s why we’re all so fascinated by him.)
Buffett has lived in the same Omaha house since 1958 that he originally bought for $31,500. The house is a simple five-bedroom, 2.5-bathroom house.
Warren Buffet has given his CEO’s only two rules.
Rule number 1: Do not lose any of your shareholders money.
Rule number 2: Do not forget rule number 1.
Success (Warren Buffett):
Once he had arrived in New York, Buffett had the opportunity to test and develop the theories he had learned from Graham during his studies.
Buffett returned to Omaha in 1956 and he launched Buffett associates limited. In 1962 Buffett made a collaboration with Charlie Munger and then they purchased Berkshire Hathaway. Warren Buffett’s investments haven’t always been successful, but he made all the investments after full study, and all the investments are followed by value principles. He never brings his emotions in the trade. He always keeps his eye on new opportunities and always sticks to consistent strategy. This thing made him different from others and helped him in achieving success in his life.
After all of his efforts, hard work, dedication, business skills, money-making, and money savings skills he becomes one of the most successful entrepreneurs in the world