warren buffet presentation
TRANSCRIPT
His Journey to success…
One of the most influential people in the world – Time Magazine, 2007
Born: 30 Aug 1930
Little bit about his parents
Howard Buffett (Father)Taught him that one doesn’t have to cheat to make money
Leila Buffett (Mother) was quicker than a calculator
She was very tenacious and always wanted him to succeed and win
The world’s second richest man• This is him when he was 11 years old
And well this is meHis father referred to him as someone who could see in the dark.
The Story
He devotes his life to make money
He accumulated his huge worth with honesty, thrift and a can do attitude
Let’s jump into a little bit of history• 1941, Howard Buffett won an election
History part II• 1947, passed school, wanted to be an investor but his father insisted
he go to college• 1950, off to business school Columbia University (New York)
#Romance• 1951, he returned to
Omaha and fell in love…
1952, married, 3 kids
Enough with the romance in 1956 he went into business- from home
The Chairman and CEO of Berkshire Hathaway
Probably the greatest investor we have ever seen
1962, He had his eyes locked on a textile mill
• “When the going gets tough, the great ones party”- Garfield
#Successful
History part III• 1965, his father passed• 1969, predicted the stock market high was bound for a catastrophic
low• 1970, bought 5% of ‘The Washington Post’• He used to deliver papers remember?
Now we look up to him like someone we could have nothing in common with but…
He likes burgers and fast food just as much as we do
Caught on camera… Hence Proved
He first laid eyes on it in 1980• Their
motto was to “sell cheap and tell the truth”
#HardChoices• 1985, the textile mill had to be shut
down• Bought ‘ABC News’ but lost 90
million the first year• 1987, Dow Jones Industrial Average
fell
His best investment so far…
Remember the neighbor who considered him a slacker?
In the meantime• Berkshire Hathaway kept
growing• 1995, Disney corporation
bought ABC for 19 billion dollars• 2004, his wife dies • 2006, another marriage• 2006, bought a 4 billion dollar
share in Metal working company in Israel
#Philanthropy • Gave away 85% of his income to the Bill and Melinda Gates
Foundation
• Owns 63 companies, writes one letter to the CEO’s of the companies
#BerkshireHathaway
#Winning• He rose to fame when one day the Bershire
Hathaway shares exploded• They reached 100,000 dollars per share
Alright, to sum things up – This is what to do to be successful
2. Hire Well
4. Love unconditionally
1. Passion
3. Fear
7. Schedule
6. Competitive advantage5. Margin of safety
4. Read, read, read
9. Model Success
8. Compete