Warren Buffet

WARREN BUFFETT: A CLOSER LOOK.

Over the past thirty-five years, Warren Buffett has emerged as arguably the greatest investor in American history. If you had invested $1,000 in Berkshire Hathaway when he took control in 1965, your holdings would be worth more than $5.5 million today. The second-richest man in the world, Buffett still lives in the same house he bought three decades ago for $31,500, drives an older Lincoln Towncar with vanity plates “THRIFTY“, and appropriately drinks countless cans of Coca-Cola.( A firm he holds substantial stakes in.)

Warren Buffett has been investing in stocks since the age of 11; he purchased three shares of Cities Service at $38 per share for both himself and his older sister, Doris. Shortly after buying the stock, it fell to just over $27 per share. Warren although frighten of losing

his money decided to keep his shares until they rebounded to $40. He promptly sold them - a mistake he would soon come to regret. Cities Service shot up to $200. This experience has taught warren buffet a lesson that he still uses to day when investing other stocks: patience is a virtue.

Another aspect of warren buffett is to rely on his “gut” instinct. He doesn’t believe in having long drawn out meetings if any at all. He doesn’t Micro Manage his managers. He allows them to run the business in there best interest. Mr. Buffett doe not want a phone call when ever there is a decision to be made. He allows the