Warren Buffett's Outliers
Warren Buffett is well known as the most successful investor in the world. Known as the “Oracle of Omaha,” most wouldn’t hesitate to say that Buffett has massive innate talent for investing, but that’s before they know the whole story. It’s indisputable that Buffett is a successful investor, but it’s because of his ancestors’ lifestyles, the era of his birth, and his hidden opportunities. If any of these three factors had changed, Buffett may not have become a household name. In Malcom Gladwell’s Outliers: The Story of Success Gladwell shows what the definition of a true outlier is through examples of people and towns throughout history. Many examples and studies clearly show that innate talent alone won’t get you anywhere. And most of those
…show more content…
Three generations back, Warren Buffett's great-grandfather hit it big. Sidney Buffett's story is not unlike Louis and Regina Borgenicht's story. In Malcolm Gladwell's Outliers: The Story of Success Gladwell shows the influence that parents actions will have on their children. Louis and Regina Borgenicht were poor Jewish immigrants, trying to make a living in the big apple. Through wits, force, and hard work they built a garment industry large enough to support their family. It wasn't much at the time, but it gave their kids the boost they needed to get a head start in life. And these weren't the only garment makers in New York either. The couples that worked hard to make it work were rewarded when their children and sometimes grandchildren made it big. The majority of their descendants grew up to be successful doctors or lawyers. Sidney grew up with a poor family and hit it off big with a well-timed grocery store. This success led Sidney's son Ernest to great wealth, but even so he learned from his father's example he remained a strict miser. Ernest's son, Howard Buffett, decided to leave the family business and tried to make his way with journalism. However, he didn't inherit his father's strict work regiment and when things went south he gave up and became an investor. But then the Great Depression hit and that's when Warren Buffett entered the
Three generations back, Warren Buffett's great-grandfather hit it big. Sidney Buffett's story is not unlike Louis and Regina Borgenicht's story. In Malcolm Gladwell's Outliers: The Story of Success Gladwell shows the influence that parents actions will have on their children. Louis and Regina Borgenicht were poor Jewish immigrants, trying to make a living in the big apple. Through wits, force, and hard work they built a garment industry large enough to support their family. It wasn't much at the time, but it gave their kids the boost they needed to get a head start in life. And these weren't the only garment makers in New York either. The couples that worked hard to make it work were rewarded when their children and sometimes grandchildren made it big. The majority of their descendants grew up to be successful doctors or lawyers. Sidney grew up with a poor family and hit it off big with a well-timed grocery store. This success led Sidney's son Ernest to great wealth, but even so he learned from his father's example he remained a strict miser. Ernest's son, Howard Buffett, decided to leave the family business and tried to make his way with journalism. However, he didn't inherit his father's strict work regiment and when things went south he gave up and became an investor. But then the Great Depression hit and that's when Warren Buffett entered the