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Warren Buffett

Warren Buffett

American business magnate, investor, and philanthropist

Warren Edward Buffett (; born August 30, 1930) is an American investor, business tycoon, and philanthropist, who is the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of US$78.9 billion as of August 2020, making him the seventh-wealthiest person in the world.Buffett was born in Omaha, Nebraska.

He developed an interest in business and investing in his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring and graduating from the University of Nebraska at the age of 19.

He went on to graduate from Columbia Business School, where he molded his investment philosophy around the concept of value investing that was pioneered by Benjamin Graham.

He attended New York Institute of Finance to focus his economics background and soon after began various business partnerships, including one with Graham. He created Buffett Partnership, Ltd in 1956 and his firm eventually acquired a textile manufacturing firm called Berkshire Hathaway, assuming its name to create a diversified holding company. In 1978, Charlie Munger joined Buffett and became vice-chairman of the company.

Buffett has been the chairman and largest shareholder of Berkshire Hathaway since 1970. He has been referred to as the "Oracle" or "Sage" of Omaha by global media outlets. He is noted for his adherence to value investing and for his personal frugality despite his immense wealth.

Research published at the University of Oxford characterizes Buffett's investment methodology as falling within "founder centrism" - defined by a deference to managers with a founder's mindset, an ethical disposition towards the shareholder collective, and an intense focus on exponential value creation.

Essentially, Buffett's concentrated investments shelter managers from the short-term pressures of the market.Buffett is a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation. He founded The Giving Pledge in 2009 with Bill Gates, whereby billionaires pledge to give away at least half of their fortunes.

Timeline

February 16, 2021
Warren Buffett's Berkshire Hathaway added Verizon and Chevron to its portfolio.

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Title
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Date
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Description
Rupert Neate
June 12, 2021
the Guardian
Data leak published by ProPublica fuels calls to tighten up system which sees ultra-wealthy pay little or no tax
June 12, 2021
The Economic Times
Compared with last years June, open interest is more or less same, but volumes in the derivative segment are down almost 30-40%. This indicates that intraday volumes have dried up, either due to peak margin requirements or lack of retail participants confidence at the current market levels.
Robert Reich
June 10, 2021
the Guardian
The super-rich have bought armies of lobbyists to keep their taxes minuscule and to create tax loopholes large enough to drive their Lamborghinis through
Anjani Trivedi | Bloomberg Opinion
June 11, 2021
@bsindia
Big banks appear to be on the defensive against digital competitors, but they continue to hold the reins to large-scale credit.
June 10, 2021
The Economic Times
The analysis underscores the vulnerability of the rapid wealth surge Adani has seen in 2021, beating the gains for Warren Buffett and his compatriot Mukesh Ambani.
June 10, 2021
The Economic Times
A typical retail investor portfolio is likely to have many low-grade stocks and even penny stocks. Bull market presents opportunities to get out of the low-grade stocks and to invest the proceeds in quality stocks.
Alan Rappeport | NYT
June 9, 2021
@bsindia
Billionaires like Jeff Bezos, Warren Buffett, Elon Musk and George Soros benefit from a complex web of loopholes in tax code.
Adam Gabbatt in New York
June 8, 2021
the Guardian
ProPublica investigation shows how little US super-rich including Jeff Bezos and Elon Musk reportedly paid between 2014 and 2018
Theron Mohamed
June 5, 2021
markets.businessinsider.com
Malone, who later claimed he would be "bigger than Warren Buffett" if he spun out fewer businesses, advised the investor not to buy the stock.
Theron Mohamed
June 3, 2021
markets.businessinsider.com
The investor's Berkshire Hathaway owns 9% of Store Capital, a real-estate investment trust that counts AMC as a top 10 customer.
Theron Mohamed
June 3, 2021
Business Insider
The investor's Berkshire Hathaway owns 9% of Store Capital, a real-estate investment trust that counts AMC as a top 10 customer.
Kate Duffy
June 3, 2021
Business Insider
Bill Gates said the new advanced nuclear reactor would be better-performing and less expensive than a traditional nuclear power plant.
Reuters
June 3, 2021
the Guardian
The project in Wyoming - the country's top coal-producing state - is a small advanced reactor that runs on different fuels to traditional ones
Theron Mohamed
June 2, 2021
Business Insider
Berkshire Hathaway's cash is only 16% of its assets, and Buffett is selling stocks as their valuations get stretched, Bloomstran said.
Theron Mohamed
June 2, 2021
markets.businessinsider.com
The investor said it was a "very strong warning signal" when his namesake gauge surged during the dot-com bubble.
Amar Bhide
June 1, 2021
Harvard Business Review
The economy needs careful decision-makers as well as risk-takers.
Theron Mohamed
June 1, 2021
markets.businessinsider.com
The "Shark Tank" billionaire sees decentralized autonomous organizations (DAOs) as disruptive. Buffett's company is decentralized and autonomous.
Theron Mohamed
June 1, 2021
Business Insider
The "Shark Tank" billionaire sees decentralized autonomous organizations (DAOs) as disruptive. Buffett's company is decentralized and autonomous.
Theron Mohamed
May 29, 2021
markets.businessinsider.com
When Procter & Gamble bought Gillette in 2005, Buffett received over $4 billion of P&G stock. He exchanged that plus some cash for Duracell in 2014.
Theron Mohamed
May 26, 2021
markets.businessinsider.com
"You make a bet like that in public with a guy like Warren, it's incumbent on you to think that your odds are awfully good to win," Ted Seides said.
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