There are people who know how to invest money and then there are people who completely change the way the experts look at investing. Warren Buffett is the kind of investor who gives investing lessons to seasoned professionals, but yet he is always willing to share his investing knowledge with anyone who will listen.
The Early Years Of Warren Buffett
Warren Buffett was born on August 30, 1930 in Omaha, Nebraska. Despite his amazing success, Buffett still lives in the first house he ever bought in Omaha. When he was 13 years old, he had started his own small business. Throughout his early life, it was said that he was a mathematical genius and he focused his abilities on investing money and starting businesses.
Buffett The "Oracle Of Omaha"
Warren Buffett's first large investment came in 1965 when be put $10,000 of his own money towards a buyout of the Berkshire Hathaway textile mill in Omaha. He turned the failing business around and started focusing on investing in other businesses such as insurance companies, restaurant chains, and soft drink manufacturers.
By 2006, Berkshire Hathaway had $240 billion in assets and annual sales of over $100 billion. Because of his investing savvy and the fact that even the federal government has asked Buffett for financial advice, he was given the nickname of the "Oracle of Omaha."
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