Warren buffet Education life:
Buffett began his education at Rose Hill Elementary School. In 1942, his father was elected to the first of four terms in the United States Congress, and after moving with his family to Washington, D.C., Warren finished elementary school, attended Alice Deal Junior High School and graduated from Woodrow Wilson High School in 1947, where his senior yearbook picture reads: “likes math; a future stock broker. After finishing high school and finding success with his side entrepreneurial and investment ventures, Buffett wanted to skip college to go directly into business but was overruled by his father.
First entrepreneurial step:
Buffett and a friend spent $25 to purchase a used pinball machine, which they placed in the local barber shop. Within months, they owned several machines in three different barber shops across Omaha. The business was sold later in the year for $1,200 to a war veteran.
Business Career :
Buffett worked as a stockbroker. He felt confident enough to teach an “Investment Principles” night class at University of Nebraska-Omaha.
Buffett worked from 1951 to 1954 at Buffett-Falk & Co. as an investment salesman; from 1954 to 1956 at Graham-Newman Corp. as a securities analyst; from 1956 to 1969 at Buffett Partnership, Ltd. as a general partner and from 1970, as Chairman and CEO of Berkshire Hathaway Inc.
Warren Buffet Famous Quotes:
- Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
- It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
- “It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.
- “The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.”
- “You know… you keep doing the same things and you keep getting the same result over and over again.”
- “You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.”
- “The most important investment you can make is in yourself.”
- “If you buy things you do not need, soon you will have to sell things you need.”
- “No matter how great the talents or efforts, some things just take time. You can’t produce a baby in 1 month by getting 9 women pregnant.”
- “Do not save what is left after spending, but spend what is left after saving.”