The Sage of Omaha: Warren Buffett
Warren Buffett, the name is synonymous with his biggest success: Berkshire Hathaway. He’s got an unparalleled investing track record, an uncomplicated approach to stock picking. Millions of people around the globe, who are into stocks and marketing look up to Warren Buffett. A business magnate, investor, and philanthropist, Warren Buffett is like a God in the streets of stocks. Being inspired by Buffett’s repute, Cedrus Wealth Partners bring to you an in-depth information on Warren Buffett life and his success.
Buffett runs Berkshire Hathaway, which owns more than 60 companies like Dairy Queen, GEICO, Benjamin Moore & Co., NetJets, Duracell etc. His annual letters to Berkshire Hathaway shareholders are probably the most highly anticipated and closely read company filings on the planet, and every year tens of thousands of Buffett disciples flock to Omaha, Nebraska, just to listen what he has to say.
Warren is known as Jack-Of-All-Trades when it comes to stocks and market knowledge. Berkshire Hathaway is a great example. What Buffett did was, he bought the company that was already cheap, regardless of the fact that he wasn’t an expert in textile manufacturing. Clients pay premiums today to possibly receive payments decades later, that's the beauty of owning insurance companies. Understanding this, Warren used Berkshire Hathaway as a holding company to buy the National Indemnity Company and used its substantial cash flow to finance further acquisitions.
In 1985, Forbes listed him in the list of richest Americans. He is considered to be one of the most successful investors in the world. As of August 2017, he is the second wealthiest person in The United States and fourth in the world, with a total net worth of $81.1 billion.
Buffett runs Berkshire Hathaway, which owns more than 60 companies like Dairy Queen, GEICO, Benjamin Moore & Co., NetJets, Duracell etc. His annual letters to Berkshire Hathaway shareholders are probably the most highly anticipated and closely read company filings on the planet, and every year tens of thousands of Buffett disciples flock to Omaha, Nebraska, just to listen what he has to say.
Warren is known as Jack-Of-All-Trades when it comes to stocks and market knowledge. Berkshire Hathaway is a great example. What Buffett did was, he bought the company that was already cheap, regardless of the fact that he wasn’t an expert in textile manufacturing. Clients pay premiums today to possibly receive payments decades later, that's the beauty of owning insurance companies. Understanding this, Warren used Berkshire Hathaway as a holding company to buy the National Indemnity Company and used its substantial cash flow to finance further acquisitions.
Through Bill & Melinda Gates Foundation, Buffett has pledged to donate 99 percent of his fortunefor a philanthropic cause. Warren founded "THE GIVING PLEDGE", with Bill Gates and Mark Zuckerberg, whereby billionaires pledge to give away at least half of their fortunes. During the time of The Great Recession, he acted as a financier and facilitator of major transactions. He even lent and invested money in several companies that were facing financial disasters.
Buffett is well-known for his personal frugality; as he does not even carry a cell phone and prefers to travel by public transport. Buffett still lives in the house he bought in 1957 for $31,000, and plays Bridge instead of throwing parties. The juxtaposition of Buffett's wealth and his way of living life has earned him veneration all around the world. It’s no wonder that Berkshire Hathaway chief Warren Buffett is called “The Sage of Omaha”.
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