Money is What You Spend, Value is What You Get: Warren Buffet, The Second Most Richest Man In The World

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Warren Buffet is one of the most successful investors in the world.

The 87-year-old business man is the CEO and Chairman of the world’s biggest investment firm Berkshire Hathaway.

He was born in Omaha, USA. His father Howard Buffett was a businessman and former member of the US Congress.

As being naturally interested in business, Warren completed his undergraduate degree in 1950 from the University of Nebraska.

Then he did his Master’s Degree in Economics in from the Columbia University, in 1951.

He then started working as an investment executive in his father’s firm.

He earned a good profile there and three years later, he joined Graham-Newman Corp in 1954, where, he stayed for the next two years.

As days passed, he started growing less interested in working as a salaried employee to a particular employee.

AT ONE POINT, I FELT AS THOUGH TO CREATING OPPORTUNITIES THAN GAINING ANY.

-Warren Buffet, WEC, 2011

So he left the payroll and founded his first investment firm at the age of 25.

According to a Business Insider report:

USD 100,000 INVESTED IN THE BUFFETT PARTNERSHIP IN 1957 WOULD HAVE BECOME USD 1,719,481 AS FOR OVER A DECADE, BUFFETT ACHIEVED AN ANNUAL COMPOUNDED RETURN OF 24.5 PERCENT NET OF FEES.

However, he closed down his firm in 1969 and joined Berkshire Hathaway as the CEO. He has been at the top of it since then.

I FOLLOW TWO SIMPLE RULES OF INVESTMENT:

1. NEVER LOSE MONEY

2. NEVER FORGET RULE #01

According to Forbes’ 2017 list of the Biggest Public Investment Companies in the World, Berkshire Hathaway has ranked at #03.

Today, he is the second richest man in the world.

He is also the Board member of Bill & Melinda Gates Foundation Trust, Precision Castparts Corp, Kraft Heinz Co, and, Berkshire Hathaway Energy.

He is also a major benefactor for Bill & Melinda Gates Foundation Trust, Susan Thompson Buffett Foundation, Howard G Buffett Foundation, Susan A Buffett Foundation, and, Novo Foundation.

Upon his exhaustive list of acquisitions and assets, the man himself says:

MONEY IS WHAT YOU SPEND, VALUE IS WHAT YOU GET.