Warren Buffett, whose books on investing for some investors has become a kind of Bible of success, is known throughout the world. The value of his works is great, because they are written by one of the most successful investors and the richest people on the planet. He is 85! But the craving for the process of earning did not fade, and he continues to carry out financial transactions, enriching himself even more and giving most of his earnings to charity.
The first steps
If we talk about the first investment of Buffett, then we must say it happened at the age of six. Then he bought a package of Coca-Cola for 25 cents and sold it for 30 cents, net profit was 20% or 5 cents. This is very good for a preschool child, whom Warren Buffett was then.
Books about him often describe the first deal on the stock market: “At age 13, he started making more serious deposits. He bought three shares of Cities Service for $ 38.25 each. After a while, they fell below $ 30, but Warren believed that they would rise. And it happened! After reaching a stock price of $ 40, he sold them, earning a net profit of more than 5 USD. At first, he considered this a major victory. But he soon realized that it was a lesson - in a few days their value rose above $ 200 and this moment remained in his memory for life. After which he became a supporter of extremely long-term investments. ”
"No place paints a man ..."
In those same 13 years, he got a job as a peddler of newspapers. After some time of distribution of print media, he realized that if he did not develop a system that would speed up the process and thereby increase profits, then there was nothing to be done. He developed a new route, as a result of which after a couple of months he began to earn more than the director of the post office. A year later, he managed to accumulate more than 1,500 USD. At that time, a lot of money for which he was able to buy a land plot and lease it to local farmers. As a result, the 14-year-old newspaperboy turned into a landlord, which earned his living and further investments.
And then more. He leaned in gambling business. I bought up old broken slot machines, repaired them and located them in large stores. Profit shared with shopkeepers. Result - his piggy bank was replenished monthly for more than $ 500.
Way to Olympus
America's most famous investor is Warren Buffett. His biography (the book "Buffetology" reveals the path of the greatest investor from the very beginnings to the economic Olympus) is very eventful. At 27, he became the founder of the investment company Buffett Associates. In 1967, it already cost several hundred million dollars and was one of the most respected. But at this time, Buffett comes to a decision to disband it. With the proceeds, he acquires the textile company The Berkshide Hathaway. Currently, this company is the most respected company in the investment and insurance industry in the world, and Warren himself, who owns 31% of its shares, receives the lion's share of his income from its activities.
Warren Buffett Books
The list of references is small. It contains only a few works. Buffett was never a writer. However, his letters to investors collected in collections are of great value. They are interesting, firstly, in terms of describing their life paths, and secondly, they are of value to all those who wish to embark on the path of investment and repeat success,who made the “Oracle of Omaha” - Warren Buffett.
Books all without exception relate to investing. The most famous of them is Back to School, a collection of lectures.
This genius has become a symbol of the era in global investment, but at the same time he remains a man. Kind, fair, generous, judicious - that's all he is, Warren Buffett. Buffett's books on investing have become classics and desktop editions of many businessmen around the world. In 2016, our hero takes the 3rd line of the Forbes list with a capital of more than 60 billion dollars, and he is not going to stop there!
