{"id":7863,"date":"2019-04-29T07:40:11","date_gmt":"2019-04-29T06:40:11","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?p=7863"},"modified":"2021-10-12T11:47:31","modified_gmt":"2021-10-12T10:47:31","slug":"warren-buffett-oracle-of-omaha","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2019\/04\/warren-buffett-oracle-of-omaha\/","title":{"rendered":"Warren Buffett &#8211; Oracle of Omaha"},"content":{"rendered":"<h2><\/h2>\n<p style=\"text-align: right;\"><i><span style=\"font-weight: 400;\">4 min read<\/span><\/i><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7864\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha.jpg\" alt=\"Warren Buffett - Oracle of Omaha\" width=\"800\" height=\"554\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-300x208.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-768x532.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-370x256.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-760x526.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-424x294.jpg 424w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Warren Edward Buffett is his full name. Buffett was born on August 30, 1930, in Omaha, Nebraska.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">His father was a stockbroker and a U.S. congressman. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Mother was a <a href=\"https:\/\/traders-paradise.com\/recommends\/working-from-home-35-ways-to-make-money-online\">housewife<\/a>. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Among their three children, Warren was the middle one and the only boy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">From his early days, it was obvious that he is extraordinary, unusual and ingenious. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">When he was 13, Buffett was managing his own jobs as a paperboy. Also, he was retailing his own horse-racing tip sheet. And <\/span><span style=\"font-weight: 400;\">he did it very well because in the same year he filed his first tax return. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Oh, yes! A brilliant mind declared his bike as a $35 tax reduction. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buffett studied Woodrow Wilson High School, Washington, D.C. And shaped ideas on how to make money. With a friend, he bought a second-hand pinball machine for $25 while attending high school.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a few months, the profits provided them to buy more pinballs. Buffett controlled pinballs in three separated places in one moment. After some time he sold this business for $1,200.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Have you ever see such a demonstration of talent for financial and business affairs early in someone&#8217;s teens?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Wait! There is more!<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/04\/warren-buffett-oracle-of-omaha\/#Warren_Buffett_was_a_mathematical_genius\" >Warren Buffett was a mathematical genius.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/04\/warren-buffett-oracle-of-omaha\/#Warren_Buffetts_companies\" >Warren Buffett\u2019s companies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/04\/warren-buffett-oracle-of-omaha\/#An_incredibly_successful_person_got_the_nickname_%E2%80%9COracle_of_Omaha%E2%80%9D\" >An incredibly successful person got the nickname &#8220;Oracle of Omaha&#8221;.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/04\/warren-buffett-oracle-of-omaha\/#Buffett_decided_to_take_the_controls_of_the_company_for_a_period_of_nine_months\" >Buffett decided to take the controls of the company for a period of nine months.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/04\/warren-buffett-oracle-of-omaha\/#Warren_Buffett_is_the_subject_of_the_bestseller_%E2%80%9CThe_Snowball%E2%80%9D\" >Warren Buffett is the subject of the bestseller &#8220;The Snowball&#8221;.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/04\/warren-buffett-oracle-of-omaha\/#But_Warren_Buffett_is_political_active_too\" >But Warren Buffett is political active too.<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Warren_Buffett_was_a_mathematical_genius\"><\/span><b>Warren Buffett was a mathematical genius. <\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">He had the ability to keep large columns of numbers in his head and repeat them by heart. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This talent he demonstrated sometimes later just to impress the audience. There was no other reason because he already had great success behind. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Warren liked to attend father&#8217;s stock brokerage shop when he was a child. The main reason was the game he played, chalking the stock prices on the blackboard in the office. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">When he was 12 he made his first investment. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buffett bought just three shares of Cities Service Preferred. He paid $38.25 each. Warren had saved $120 and he registered his sister as a partner to buy three shares. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The stock soon fell to $27. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the majority wanted to sell them <a href=\"https:\/\/traders-paradise.com\/recommends\/monetizing-bitcoin\">as fast as it was possible<\/a>, Buffett held them until they went up and reached $40.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Then he sold them, making a $5 profit. And it was his first investing mistake because they exploded to nearly $202 per share. <\/span><br \/>\n<span style=\"font-weight: 400;\">He regretted his judgment so much that later when he became a famous investor, he noticed this occasion as one of the first and most important lessons about patience in investing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He was really shocked. Warren saw that he and his sister would have a profit of almost $500 if he held shares a bit longer. <\/span><br \/>\n<span style=\"font-weight: 400;\">But he learned the lesson, and it is more important than $500.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">His whole life was a demonstration of that knowledge.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In Columbia University he learned and finally formed his investment philosophy &#8211; value investing. It is based on a concept established by Benjamin Graham.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buffett attended New York Institute of Finance to shape his economics education. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Soon after that, he began numerous business partnerships. One with Benjamin Graham. <\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Warren_Buffetts_companies\"><\/span><b>Warren Buffett\u2019s companies<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7865\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-2.jpg\" alt=\"Warren Buffett - Oracle of Omaha 1\" width=\"800\" height=\"525\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-2.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-2-300x197.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-2-768x504.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-2-370x243.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-2-760x499.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-2-424x278.jpg 424w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Acquaintance with Charlie Munger brought the Buffett Partnership. This company acquired a textile manufacturing firm, <a href=\"https:\/\/www.berkshirehathawayhs.com\/\">Berkshire Hathaway<\/a>. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Soon after, this led to a diversified holding company with the same name.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let story to be told.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 1956 Buffet established the &#8220;Buffett Partnership Ltd&#8221; in Omaha. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">He was mastering in recognizing undervalued companies thanks to methods learned from Benjamin Graham.<\/span><br \/>\n<span style=\"font-weight: 400;\">He was so successful! Of course, he became a millionaire.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One of the undervaluing companies was Berkshire Hathaway. Buffett started buying its stocks from the 1960s, and in four or five years he had seized control of Berkshire Hathaway.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Buffett Partnership was a successful company. But despite that, Buffett melted the firm in 1969. He was focused on the expansion of Berkshire Hathaway. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">What did he do?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He dismissed the textile manufacturing sector. He was developing the company by purchasing assets in media, insurance, and fuel. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In short, Buffet bought The Washington Post, GEICO and Exxon. <\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"An_incredibly_successful_person_got_the_nickname_%E2%80%9COracle_of_Omaha%E2%80%9D\"><\/span><b>An incredibly successful person got the nickname &#8220;Oracle of Omaha&#8221;. <\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The &#8220;Oracle of Omaha&#8221; even succeeded to turn obviously poor investments into treasure. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let us tell you this story. Incredible one.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the early 90s was revealed that traders in Salomon, bond trading firm, were setting incorrect Treasury bond bids to avoid trading rules.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Mike Basham, US Treasury Deputy Assistant Secretary, heard that Salomon trader Paul Mozer had been submitting false bids. He tried to purchase more Treasury bonds than allowed by one buyer during the period between December 1990 and May 1991. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Earlier, Berkshire Hathaway became its biggest sharer, and Warren Buffett became its manager. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Actually, Warren Buffett was temporary Chairman of the Board in 1991 and 1992, after the firm&#8217;s emergency takeover by Warren Buffett and integration into Citigroup.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Salomon Brothers was a Wall Street stronghold for most of the last century. But the firm fell from love after it was revealed that it is involved in a series of scandals.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Salomon scandal dried off one-third of Buffett&#8217;s investment.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Buffett_decided_to_take_the_controls_of_the_company_for_a_period_of_nine_months\"><\/span><span style=\"font-weight: 400;\">Buffett decided to take the controls of the company for a period of nine months.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7866\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-3.jpg\" alt=\"Warren Buffett - Oracle of Omaha 2\" width=\"800\" height=\"800\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-3.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-3-150x150.jpg 150w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-3-300x300.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-3-768x768.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-3-370x370.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-3-41x41.jpg 41w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-3-82x82.jpg 82w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-3-760x760.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-3-424x424.jpg 424w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-3-740x740.jpg 740w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Everyone thought that it was a bad investment for Buffett. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">But the &#8221;Oracle of Omaha&#8221; not even one moment hesitated to take the thing in his hands. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">He started firing employees involved in the scandal with cold blood. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Warren Buffet managed to restore the firm and the recovered firm was sold off to Travelers Companies Inc <\/span><\/p>\n<p><span style=\"font-weight: 400;\">And Buffett earned an impressive profit. He doubled his <a href=\"https:\/\/traders-paradise.com\/recommends\/financial-markets-important-guide\">investment<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, the &#8220;Oracle of Omaha&#8221; even succeeded to turn obviously poor investments into treasure. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can find more details in the book &#8220;Nightmare on Wall Street.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buffett began buying stocks in the Coca-Cola Company in 1988 which resulted in 7% of the company for $1.02 billion. <\/span><br \/>\n<span style=\"font-weight: 400;\">It was one of Berkshire\u2019s <a href=\"https:\/\/traders-paradise.com\/recommends\/how-to-trade-with-signals\">best investments<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buffett was the director of the company from 1989 until 2006. And also, he was the director of Citigroup Global Markets Holdings, Graham Holdings Company, and The Gillette Company.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buffett&#8217;s work even earned him a glamorous venture into the movie business. Oliver Stone&#8217;s film, &#8220;Wall Street: Money Never Sleeps,&#8221; added cameos by Warren Buffett and short-seller James Chanos. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, he appeared in &#8220;The Billionaires&#8217; Pledge&#8221; and &#8220;The Berkshire Apprentice&#8221;. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">HBO also created a documentary &#8220;Becoming Warren Buffett,&#8221; two years ago.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The documentary is mostly narrated by Buffett and includes interviews with people close to him. For example, his sisters, children, his business partner Charlie Munger, and Bill Gates.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Warren_Buffett_is_the_subject_of_the_bestseller_%E2%80%9CThe_Snowball%E2%80%9D\"><\/span><b>Warren Buffett is the subject of the bestseller &#8220;The Snowball&#8221;.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The full name is &#8220;The Snowball: Warren Buffett and the Business of Life&#8221;.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Snowball was Amazon.com&#8217;s best business and investing book of 2008. Time Magazine, People Magazine, and critic Janet Maslin of The New York Times named it one of ten best books of the year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He is a philanthropist too. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In June 2006, Buffett announced that he would give his entire fortune away to charity. His donation is one of the largest in US history. His contribution makes 85% of the total of Bill and Melinda Gates Foundation.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"But_Warren_Buffett_is_political_active_too\"><\/span><span style=\"font-weight: 400;\">But Warren Buffett is political active too. <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7867 size-full\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-4.jpg\" alt=\"Political activism\" width=\"800\" height=\"533\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-4.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-4-300x200.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-4-768x512.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-4-370x247.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-4-760x506.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/04\/warren-buffett-oracle-of-omaha-4-424x282.jpg 424w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Can you understand why this is so important?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buffett has so much money that can live isolated from the rest of the world.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But he is not selfish. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This guy who is every year ranked near the top of the Forbes world billionaires list was a vocal supporter of Democratic presidential nominee Hillary Clinton.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Three years ago Buffett launched Drive2Vote, a website aimed at encouraging citizens in Nebraska to use their right to vote. <\/span><br \/>\n<span style=\"font-weight: 400;\">Also to assist in registering and driving voters if they needed a ride.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The bottom line<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Over his 54-year ownership of Berkshire Hathaway, Buffett has produced 20.5% annual returns for shareholders.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If someone put $1,000 investment in Berkshire when Buffett took the controls, today such would have $24.7 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Oracle of Omaha wrote in his newest annual shareholder message in February this year that he&#8217;s wanting to make an <\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;elephant&#8221; of a deal, in order to help Berkshire Hathaway&#8217;s portfolio fly higher.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/traders-paradise.com\/magazine\/2019\/04\/benjamin-graham-the-greatest-investor-in-the-history\/\">The legend<\/a> among investors Warren Buffett is still working, every day at his 89. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">And for the end of this story about Warren Buffett, here is one of his marvelous quotes:<\/span><\/p>\n<blockquote><p><strong>&#8220;It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you&#8217;ll do things differently.&#8221;<\/strong><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">So, readers, when you become rich, think about others and follow the example of the best. <\/span><br \/>\n<span style=\"font-weight: 400;\">Anyone can do it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Think you know where are the markets gonna go?<\/span><br \/>\n<span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/money-risk-trading\"><b>risk disclosure<\/b><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>4 min read Warren Edward Buffett is his full name. Buffett was born on August 30, 1930, in Omaha, Nebraska. His father was a stockbroker and a U.S. congressman. Mother was a housewife. Among their three children, Warren was the middle one and the only boy. From his early days, it was obvious that he [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":7868,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1017,1012],"tags":[932,933,934,935],"class_list":["post-7863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-how-to-start-trading-beginners","category-traders-secrets","tag-berkshire-hathaway","tag-best-investors","tag-oracle-of-omaha","tag-warren-buffett"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Warren Buffett, biography. Oracle of Omaha. 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