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“Warren Buffett” was born in the United States on August 30, 1930. Of Jewish descent, he became the world’s most renowned investor. From Omaha, Nebraska, in the United States , he experienced numerous ups and downs in life, as well as in global stock markets. But he eventually turned a meager 100 dollars into the huge fortune of 47 billion dollars.
In the 2008 Forbes list, he surpassed Bill Gates to become the richest man in the world. He is now the greatest stock investor on the face of the planet. Buffett emerged a miraculous figure in the global financial investment community in the middle of the 20th century and early 21st century. His was unique and profound, but easy to understand. His investment philosophy is based on stock selection principles, valuation criteria, and his investment strategies have become the “bible” for global stock investors.
His investment philosophy is: “Do not buy small; buy only the most favorite”. Buffett advocates the theory of value and long-term investment. He believes in putting all the eggs in one basket and says, “When you are scared, you become greedy; when others are greedy, you have to be scared”. His convictions affected not only the ordinary investor, but also pushed the stock market to move vigorously in the right direction. Warren Buffett studied with Benjamin Graham, the father of value investing.
In 1956 he bought shares at $100. In July 2010, he donated shares to five charities valued at an equivalent of 1.93 billion U.S. dollars at the current market value. This is the third highest donation since Buffett donated 99% of his assets in 2006. There are countless investors around the world, however it is generally accepted that there is only one stock ‘god’. Warren is a rational and focused person, surprising in his ordinary and extraordinary life. He is an idol, who says to be successful in life, people should clearly understand their own strengths.