Warren BuffettIllustrated TimelineBy: Rachel Ostrom

August 30, 1930

•Warren Buffett was born to Howard and Leila Buffett

•Born in Omaha, Nebraska

1941

•11 years old•Warren bought his 1st stock

▫6 Cities Service stock▫Half sister/half himself

1945

•14 Yrs old•Has job delivering

Washington Post-$175 p/month

•Invested $1,200 of savings to 40 acres of

farmland

1947

•Senior in H.S.•Warren had invested $5,000

delivering •Warren’s dad told him to enroll in

college/finance•Went to Wharton School of Finance

and Commerce in Pennsylvania-hated it

•“Smarter than the professors”

1949•Warren transferred

from Wharton to the University of Nebraska

•Graduated from college in 3 years and taking 3 summer classes

• His savings reached $9,800

1950

•Applied for Harvard Buisness School, turned down

•Enrolls at Colombia ▫Ben Graham &

David Dodd-security analysts are professors

1951• First time got

interested in GEICO insurance company

• Graduated/wants work on Wall Street▫Father and Graham

say “no”• Offers work for

Graham for free-denied

1951 (cont.)

•Returned home started dating Susan Thompson

•Purchased Texaco Station-investment-failed

•Started working as a stock broker

1951 (cont)

•21 years old•Took Dale Carnegie public speaking

course •Began teaching a night class at the

University of Nebraska, "Investment Principles"

1952

•April▫Warren and

Susan marry•Live in $65

apartment•Have 1st child,

Susie

1954

•Ben Graham offers Warren a job at his partnership

•Buffett's starting salary was $12,000 a year

1956

•Graham retires, partnership ends

•Warren’s personal savings over $140,000

•Warren and family return to Omaha

1956

•May 1st- Warren created Buffett Associates, Ltd.

•Only invested $100 •Opened two other

partnerships

1957

•Adds two more partnerships-managing 5

•Susan is expecting third child

•Bought bigger home-$31,500

1961

•Partnerships worth millions

•Made 1st $1 million dollar investment in windmill manufacturing company

1962

•Buffett merges all of the partnerships into one known simply as Buffett Partnerships, Ltd

•Operations are moved to Kiewit plaza•Started buying Berkshire Hathaway stock-

textile manufacturing firm-profitable

1964

•Buffett bought masses of American Express shares since they dropped

1965

•Warren’s father died•Invested $4 million

towards Walt Disney Co.

•American Express shares doubled

1967

•Warren Buffett was worth more than $10 million

•Buffett’s partnerships were worth more than $65 million

1969

•39 Yrs. Old•Buffett closes the partnership and

liquidates its assets to his partners•Buffett closes the partnership and

liquidates its assets to his partners

1970

•Buffett’s Partnership is dissolved

•Owns 29% of Berkshire Hathaway

1974

•Berkshire’s stock began falling

•Personal wealth cut 50%

1977

•Susan leaves Warren-heartbroken

1979

•Berkshire trades at $290 per share

•Warren's personal fortune is $140 million

1981

•Munger and Buffett create the Berkshire Charitable Contribution plan

1983

•Berkshire ends the year with $1.3 billion in stocks

•Warren's personal net worth is $620 million

•Makes the Forbes list

•Purchased Nebraska Furniture Mart

1987

•Aftermath of October Crash▫Berkshire loses

25% of its value▫Buffett loses

$342 million personally

1988

•Buffett began purchasing Coca-Cola▫Best investment

ever

1989

•Berkshire rises over $8,000 per share

•Personally investments $3.8 Billion

2004

•Warren’s wife Susan dies

2006

•Buffet announced to give away 80% of his total fortune to five foundations

•Largest contribution going to Bill and Melinda Gates Foundation

2007

•Buffett announced he is looking for a younger successor to run his business

•Lou Simpson was chosen by Buffett

•Only six years younger

2008

•Forbes annonced Buffett as the richest man in the world