Entrep 1 11:30-12:30 MWF
Profile: Warren Buffett (Berkshire Hathaway)
Source:
Profile: Warren Buffett (Berkshire Hathaway) – FamousCEOs: The Greatest Entrepreneurs < http://www.famousceos.com/profile-warren-buffett-berkshire-hathaway.php>
Warren Buffett is one of those amazing CEOs, who is down-to-earth, well-respected, and not always known to the masses. Indeed, he owns some of the most recognizable companies in North America like Dairy Queen and Fruit of the Loom, but many people, in fact, do not know this. They do not readily recall his personal name, nor the name of his company, Berkshire Hathaway. That is probably the most special thing about Buffett, what makes him endearing to the general public. He is a billionaire icon in the business world, but to people around him, he is an everyday person doing his job.
Born in 1930, Warren Edward Buffett, like many other hugely-successful entrepreneurs, was something of a genius as a child. Buffett's forté was figures, and he was capable of adding up numerous columns of numbers right in his head. Onlookers often thought that he was a mathematical wizard. His father was a stockbroker, and this permitted Buffett to learn the inner workings of the stock market, which he embraced wholeheartedly. His father allowed him to write the stock prices on the blackboard at work, and by the time Buffett was only eleven years old, he wanted to try trading.
Apparently, he purchased three shares costing him thirty-eight dollars each, but the price abruptly fell to twenty-seven. He hung on a little longer, and when the price recovered at forty dollars, he sold. He had indeed made a profit on his first trade, but was somewhat dismayed when later the stock increased to two-hundred dollars per share. To this day, he still recounts the story as the one that taught him about "patience in investing", and knowing when to buy and sell.
When Buffett was thirteen he bought a paper route, which is not all that