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Worlds’ Greatest Investors Part 1; Warren Buffet

We profile some of the greatest investors in the world. Their achievements have influenced and inspired many. In Part 1, we feature Warren Buffet.

 

 

Warren Buffet

 

1) Warren’s Famous Quotes 

 

    • "The first rule is not to lose. The second rule is not to forget the first rule."

    • "If history was all there was to the game, the richest people would be librarians."

    • "Risk comes from not knowing what you're doing."

    • "Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it."

 

2) Warren’s Background

Warren Buffet also known as 'The Oracle of Omaha', was born in Omaha, Nebraska in 1930. Warren Buffet is one of the very few billionaires who has amassed wealth solely through investing in stocks. Buffet's Berkshire Hathaway investment company has seen outstanding returns over the years. A $10,000 investment in Berkshire Hathaway in 1965 would be worth $50 million dollars today. This has made Buffet the second richest man in the world at a net worth of over $36 billion dollars and growing.

 

3) Warren's Investment Style 

Buffet's number one goal for investing is to NEVER LOSE ANY MONEY regardless of market conditions. He believes in buying stocks trading near their tangible asset value. He also avoids companies that have excess debt. Buffet then looks at the company’s track record for ROE and tries to predict where the company is going to be 10 years from now.

 

 

 

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