Presentation on

Life of a Living Legend

WARREN BUFFETT

3 rd Richest man in the world

Oracle of Omaha
Great Philanthropist

Contents

Introduction
Early life
Career
About Berkshire Hathaway Inc.
Some interesting facts about his life &
message for youth from a great man
Tips for Indians
Conclusion

Introduction
Name: Warren Edward Buffett
Born: August 30, 1930 (age80)
Omaha, Nebraska, U.S.
Nationality: American
Occupation: Chairman & CEO of
Berkshire Hathaway, Investor
Salary: US$100,000
Net worth : US$50 billion

Early Life
As a child,buffett displayed interest
in saving and making money
He went door to door ,selling
chewing gums, coca-cola and weekly
magazines etc.
From that money he and his friend
purchased pin-ball machine @ 25 $
and placed in the local barber shop
at the age of 15.

 He bought first stock at the age of 11 and

now he regrets that he started too late
By the time he finished college he had
accumulated more than $ 90000 in savings
He received M.S. in Economics from
Columbia business school in 1951.
His Role-models:
Benjamin Graham(1894-1976)
Phil Fisher(1907-2004)

Career
1951-54 at Buffett-Falk & Co. as an
Investment salesman.
1954-56 at Graham-Newman Corp.
as a Securities Analyst.
1956-69 at Buffett Partnership Ltd. as
a General Partner.
1970-present at Berkshire Hathaway
Inc. as its chairman & CEO.

 In 1962,he became millionaire.

Buffett invested in and eventually took control of
a textile manufacturing firm, Berkshire Hathaway.
Buffett became a billionaire on paper when
Berkshire Hathaway began selling class A shares
on May 29, 1990, when the market closed at
$7,175 a share.
In 2008, Buffett became the richest man in the
world dethroning Bill Gates, worth $62billion
according to Forbes.

About Berkshire Hathaway Inc.

American conglomerate holding

company headquartered in Omaha,
Nebraska, United States.
Founded by Oliver Chase in 1839.
Revenue: US$ 136.185 billion
Net Income: US$ 12.967billion
Employees : 260,519
Web Site : www.berkshirehathaway.com

Why the price is so high?

No Stock Splits.
Buffett always and only wants longterm investor.
Never offered Dividend

Some Interesting Facts

He has donated 31 billions $ to charity.
He bought small farm at age of 14 with savings
delivering from newspapers.
He still lives in the same small 3-bedroom
house in mid-town Omaha , that he bought
after he got married 50 years ago. He says that
he has everything he needs in that house. His
house does not have a wall or a fence.

 He drives his own car everywhere and does not

have a driver or security people around him.
His company, Berkshire Hathaway, owns 63
companies. He writes only one letter each year
to the CEOs of these companies, giving them
goals for the year. He never holds meetings or
calls them on a regular basis.
He has given his CEO's only two rules.
Rule number 1: do not lose any of your share
holder's money.
Rule number 2: Do not forget rule number 1.

 He does not socialize with the high society

crowd. His past time after he gets home is
to make himself some pop corn and watch
Television.
Warren Buffet does not carry a cell phone,
nor has a computer on his desk.
The salary for the CEO is US$100,000 per
year with no stock options, which is among
the lowest salaries for CEOs of large
companies in the United States.

Some Useful Advice from

him
Encourage your children to invest.
Encourage your children to start some kind of
business .
Don't buy more than what you "really need" and
encourage your children to do and think the same.
You are what you are.
Assign the right people to the right jobs

 Stay away from credit cards (bank loans).

Don't do what others say, just listen them,
but
do what you feel good.
Don't go on brand name; just wear those
things in which you feel comfortable.
Don't waste your money on unnecessary
things; just spend on them who really in
need rather.

Message for Indians during his

visit
Dont invest in gold.
Picking the right stock.
Be careful in selling stock.
Get the investing mindset.

Conclusion
Save money
Invest in stocks
Be yourself
Be socially responsible

QUESTIONS??

Thank You
Prepared By:
PARESH MAHADIK