Warren Buffett

Warren Buffett 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 hare 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. .