Get Started On Warren Buffett: A Biography Outlined By Jack Westerfil Available In Leaflet
good and easy read for knowing more about the most successful investor of our time.
This book contains facts and moments about Warren's life that I did not know but it lacks some details.
Overall, it gives you a fair view of Warren Buffett life, ABOUT THE BOOK
If you picture the life and home of one of the world's richest, most powerful men with fifteen bedrooms and a room devoted to swimming in gold a la Scrooge McDuck youll be shocked with selfmade billionaire Warren Buffett.
Theyearold man lives a modest life in same the threebedroom home he bought in Dundee, Nebraska inwith his late wife Susan.
Never one for extravagance, Buffett always preferred a low key life, both at home and at work, and earlier in his life, at school.
His high school year book photo was captioned “likes math, future stock broker” and couldn't have been a better predictor.
After college and apprenticeships, Buffett became an investment icon, His flagship investment, Berkshire Hathaway, has become an industry leader for how to choose stocks that have longevity, similar to Buffett himself.
Buffett has
made significant contributions to the way investments were made on Wall Street by deciding early on to look at the company structure and not just the balance sheets.
His unique perspective and insight has earned him the much deserved title “Oracal of Omaha, ”
Buffett has always been a philanthropist, In college he belonged to the fraternity Alpha Sigma Phi, like his father before him, whose core mission is, “Silence, purity, charity, honor, and patriotism.
” During thes, Buffett's company, Berkshire Hathaway, devised a plan to allow shareholders to allocate funds to their particular charities.
Although immensely popular, the program came to a halt after members of a subsidiary, The Pampered Chef, felt they were discriminated against because of the donations Buffett made to prochoice groups.
InBuffett shocked the world when he announced that he would be leaving the majority of his vast fortune to the Bill and Melinda Gates foundation and not to his family members.
Buffett, Gates, and Facebook CEO Mark Zuckerberg, infamously signed the “GatesBuffett Giving Pledge” that stated each pledged at least half of their earnings to charities.
Also in, Buffet became enraged when his youngest son's adopted daughter, Nicole, appeared in a documentary called “The One Percent,” about growing up in households with money, produced by heir to the Johnson and Johnson fortune, Jamie Johnson.
He wrote theyearold Nicole and said, "I have not emotionally or legally adopted you as a grandchild, nor have the rest of my family adopted you as a niece or a cousin,” effectively removing her from his family unit.
Buffett, however, is not free of controversy in his business life either, His first bump with regulators was inover the perceived notion that he and long time business partner Charlie Munger caused a takeover failure of Wesco Financial.
The Security Exchange Commission SEC investigated the stock buy up of Wesco shares by the firm Blue Chip, which Buffett owned a majority stake in, and determined that they had sufficient evidence to bring charges of stock price manipulation.
Blue Chip neither denied nor confirmed the allegations but settled for,which was paid out to Wesco shareholders who might have been slighted by their actions.
EXCERPT FROM THE BOOK
Buffett was born on August, in Omaha, Nebraska to Howard and Lelia Buffett.
He was the couples middle child and only son, Howard Buffett was the son of grocery store owners, but after he was unable to get a job in the family business, he started his own brokerage firm.
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