Tuesday, 15 November 2011
Warren Buffett
Billionaire investor warren buffett, worth $62 Billion in 2008,Warren Buffett bought his first stocks (Cities Service Company) at age 11 ,he bought three shares for himself , and three shares of his sister, now known as CITGO. He also went door to door to selling soda, chewing gum, and saved enough from those earnings to buy 40 acres in Nebraska at age 14.Warren Buffett graduated from High School. It was never his intention to go to college; he had already made $5,000 delivering newspapers at age 17. Then he made more money renting the land. By the time he'd finished college, Buffett was investing everything he earned that he didn't need for food or housing. His early strategy was to buy stocks he thought would outperform the Dow Jones average by at least 10% annually, and they always did. This has since evolved into an investment pattern: Buffett focuses on well-established but under-performing companies, and often holds his stock for years or decades. Buffett became a millionaire because of his partnership at age 32. 30 years later Buffett became a billionaire, a ranks 1 on The World's Billionaires
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment