Warren Buffett’s Berkshire Hathaway to Host Annual Meeting
On Saturday, Warren Buffet’s company Berkshire Hathaway will host its annual meeting, an event which people often call “Woodstock for Capitalists” or even “Buffettpalooza”. Buffet’s surname is “The Oracle of Omaha” and he one of the greatest investors of all time. Considering this fact, the extreme interest for this event from the members of the financial world is normal. Vice Chairman Charlie Munger will be the one joining Warren Buffet for five hours of questions. Naturally, people are usually more interested in what “The Oracle” has to say, and to get an insight into his extraordinary mind. The company’s operations are usually falling on the second place.
The legend of Warren Buffet
Billionaire Warren Buffet is currently 86-years old, and has had a long life full of accomplishments, events and has managed to gather a huge fortune. He was born in 1930 in Omaha, Nebraska. His parents were Howard and Leila Buffett. It seems like he inherited the passion for business from his father. He was a stockbroker and a four-term United States congressman.
The enlightenment for Buffett came when he was just 10-years of age. Him along with his father had lunch with a very important Dutchman, member of the New York stock exchange. Buffett remembers that this Dutchman picked his own tobacco leaves from a tray. He then realized that there was nothing better than being able to make your own cigar. So, from that moment, he dedicated his life to making as much money as possible.
The myth is real
At just 11-years old, the very young Buffett bought three shared of Cities Services Preferred at $38 each. He later sold them for $40 each. It was not much, but it was the beginning of the myth as we all know it today. He became a businessman when he was in high-school. He bought an old $25 pinball machine which him along with a friend put in the back of a barbershop. They immediately made profit. By the time he was 16-years old, Warren Buffet already had about $53,000 in fortune. He attended Columbia’s School of Business in New York but his favorite teacher refused to hire him and even encouraged him to not follow a career on Wall Street. In 1962, he took complete hold of Berkshire Hathaway. In 2008, he became the wealthiest person in the world.
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