The Success Of Warren Buffett - 1346 Words

Success can be measured in many ways, not the least is ones net worth. Money is certainly a driving factor for many in business and if used as an indicator of success, Warren Buffett unquestionably would rank among the most accomplished. Born during the depression in 1930, Buffett started out selling chewing gum and Coca Cola door to door, later finding work in his grandfather’s grocery store. Investing his savings, Buffett now serves as the chief executive officer (CEO) of a multinational conglomerate called Berkshire Hathaway. Among the more well known company’s held by Berkshire are GEICO, Heinz, Coca Cola and American Express. With a market capitalization of $314 billion, Berkshire is now America’s fifth-most-valuable public company, behind Apple, Exxon Mobil, Google and Microsoft. Managing of company of this size would be a daunting task for many, but Buffett has made it abundantly clear in both his own words and those who have studied his success, the key lies in good leadership. According to Buffett, a good leader must have a keen understanding of the industry he leads; strong character and integrity is vital, and lastly, a good leader must have a profound understanding human nature. Buffett hand picks his managers and trusts them to administer company affairs. Buffet has surrounded himself with likeminded managers and the results have been impressive. In his annual letter to the shareholders of Berkshire, Buffett communicates his vision and givesShow MoreRelatedThe World Of Stock Investing Essay1514 Words   |  7 Pages(Harper). One man, Warren Buffet, led to the rapid growth of value investing due to both his exceptional success and extreme transparency. This combination of success and transparency has given those interested in investing in the stock market a clear, yet successful path forward. His influence on investors, as well as the stock market itself, can be seen through the swift advancement of ‘Buffe ttology’, the study of Warren Buffett’s investing strategies, as well as the ‘Warren Buffett Effect’, an impactRead MoreWarren Buffet712 Words   |  3 PagesWarren Buffet Warren Buffet was born on August 30, 1930. He is one of the most financially and personally successful businessmen of our time. He is the Chief Executive Officer of Berkshire Hathaway, a multinational conglomerate holding company, which is based with it;s headquarters in Omaha, Nebraska; Buffetts hometown. His net worth is around $60 billion, and increases with every passing minute. I chose to write about Warren Buffett because he is a person I have always been quiteRead MoreWarren Buffetts Success And Failures1729 Words   |  7 PagesKnown as the â€Å"Oracle of Omaha,† Warren Buffett’s name is synonymous with money and success. One may not know exactly how Warren Buffett has made his fortune, but his name is easily recognizable. If nothing else is known about Warren Buffett, it should be known that he has promised 99% of his wealth to charity after he passes. Who wouldn’t be inspired by that? His current net worth, as of April 2016, is estimated to be nearly $67 billion, and was named the richest person in the world in 2008, overtakingRead MoreWarren Buffet : Biography Of An American Capitalist Essay1499 Words   |  6 PagesWarren Buffet: Biography of an American Capitalist In the history of investing, Buffett stands alone. He found his interest in investing when he was very young. In fact he bought his first shares at the age of 11 with the help to his father. Buffett was interested in making money since he was child and he made money by selling chewing gum, soda bottles, newspaper and magazine, golf ball and stamps door to door. After graduation, he worked with his father Buffet-Falk Co, then for Benjamin GrahamRead MoreEssay on Berkshire Hathaway1376 Words   |  6 PagesHathaway, Inc was a small textile company. Its chairman and CEO of the company is Warren Buffett, the worlds third richest man. He invested his partnership in invests in Berkshire Hathaway at the price of $8.6 million (The Essential Buffett, p27). It took him over 35years to grow its book value from $19 per share to $37,987 per share with a rate of 24 percent compounded annually (The Essential Buffett, p44). Buffett started purchasing other businesses, which were primarily insur ance companies, withRead MoreBerkshire Hathaway Inc. Company1744 Words   |  7 PagesBerkshire Hathaway Inc. is an American multinational holding company which owns holdings in various business sectors across the globe. The company is located in Omaha, Nebraska. When Warren Buffett begin running Berkshire Hathaway he begun to expand by investing in investments and the insurance industry with the possession of National Indemnity Company. Eventually Buffet bought an equity stake in Government Employees Insurance Company (GEICO) which is now at the core of Berkshire’s insurance businessRead MoreBerkshire Hathaways Pacificorp Aqusitcion Essay1537 Words   |  7 PagesWarren E. Buffett, 2005 1. What is the possible meaning of the changes in stock price for Berkshire Hathaway and Scottish Power plc on the day of the acquisition announcement? Specifically, what does the $2.55 billion gain in Berkshire’s market value of equity imply about the intrinsic value of PacifiCorp? Answer: -   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The possible meaning of the change of the stock is that the facts that are created in the deal had a positive effect on both the buyers ( BRK) and the sellers whichRead MoreWarren Buffet s Leadership Style859 Words   |  4 PagesWarren Edward Buffet Warren Buffet is apparently the most successful investor in the history of the world. (1) He is the Chairman and CEO of Berkshire Hathaway, USA, leading over 300,000 employees with values-based and authentic style of leadership. He makes his employees his top priority and gives them equal credit in the success he achieves. This has resulted in making the company the fifth-most-valued, in America. (2) Buffet is known for his authenticity and ethics. He is also described as generousRead MoreCall Him And The Largest Investment Bank Of The World1087 Words   |  5 Pagesup the phone and calling his friends and getting them to invest. He raised $3 BILLION dollars for his fund. Because of his new #2 guy the fund made billions of dollars every year. Huge success. One time I wrote a book. I think this was 2005. I wrote a book about Warren Buffett called â€Å"Trade Like Warren Buffett†. It was an ok book but has nothing to do with what I write about now. I hand’t seen Pat in five years. If Pat remembered me at all, and there was no reason to remember me, it could onlyRead MoreThe American Dream of Warren Buffett2711 Words   |  11 PagesGeorgia Agrapidis English 3 CPE Period-1 Research Paper Warren Buffett The popular American capitalist, Warren Buffett, has set the standard for many people by reaching the American Dream for most; from the moment young Warren Buffett was born in Omaha, Nebraska, he had always targeted high and worked harder than anyone, to reach those infinite goals. Many people have different perspectives on what the â€Å"American Dream† really means. To some people, being rich, having fame, a happy family,