Date of birth:1August 30, 930 Native place: Omaha, Nebraska, USA.

Graduate school: Finance Department of Columbia University.

Warren Buffett's experience

1930 On August 30th, Warren Buffett was born in Omaha, Nebraska, USA. Warren Buffett has a strong sense of investment since he was a child. He likes stocks and numbers better than anyone in his family. He is very rich. When he was five years old, he set up a stall at home to sell chewing gum. A little bigger, he led his friends to the stadium to pick up big second-hand golf balls and then resell them. Business is quite hot. When he was in middle school, he not only worked as a newsboy after school, but also partnered with his partner to rent a pinball game machine to a barber shop to earn extra money.

194 1 year, just after he turned 1 1 year, he jumped into the stock market and bought the first stock in his life.

65438-0947 Warren Buffett entered the University of Pennsylvania to study finance and business management. However, he was not satisfied with the professors' brief theories. Two years later, he left without saying goodbye and was admitted to the Finance Department of Columbia University, where he studied under the famous investment theorist Benjamin Graham. Under Graham, Buffett is at home. Graham opposes speculation and advocates evaluating stocks by analyzing the profitability, assets and future prospects of enterprises. He taught Buffett a lot of knowledge and know-how. The talented Buffett soon became Graham's favorite student.

1950 Buffett's application for Harvard University was rejected.

195 1 year, Buffett got the highest A+ when he graduated from 2 1 year.

From 65438 to 0957, Buffett's capital reached $300,000, but by the end of the year it had risen to $500,000.

From 65438 to 0962, the capital of Buffett's partner company reached 7.2 million US dollars, of which 1 10,000 belonged to Buffett himself. At that time, he merged several partner enterprises into a "Buffett Partners Limited". The minimum investment has been expanded to more than 654.38 million dollars. The situation is a bit like the private equity fund or private equity investment company in China now.

From 65438 to 0964, Buffett's personal wealth reached $4 million, while the funds he was in charge of had reached $22 million.

1966 in the spring, the US stock market was bullish, but Buffett was restless. Although his stock is soaring, he finds it difficult to find cheap stocks that meet his standards. Although the crazy speculation in the stock market has brought speculators a windfall, Buffett is unmoved because he believes that the price of stocks should be based on the growth of company performance rather than speculation.

1967 10, Buffett's funds reached $65 million.

From 65438 to 0968, Buffett's stock achieved the best result in history: it rose by 59%, while the Dow Jones index rose by 9%. Buffett's funds rose to $6.5438+0.04 million, of which $25 million belonged to Buffett.

1968 In May, when the stock market was booming, Buffett informed his partners that he was retiring. Subsequently, he gradually liquidated almost all the shares of Buffett Partners.

From June 65438 to June 0969, the stock market plummeted and gradually evolved into a stock market crash. By May 1970, every stock had fallen by 50% or more than at the beginning of the year.

During the period of 1970-1974, the American stock market was like a deflated ball with no vitality. Sustained inflation and low growth have brought the American economy into a stagflation period. However, Buffett, who was once lost, was secretly glad to see the money coming-he found too many cheap stocks.

1972, Buffett once again focused on the newspaper industry, because he found that owning a famous newspaper was like owning a toll bridge, and any passerby had to stay and buy money. Starting from 1973, he stole the Boston Globe and Washington post from the stock market, and his involvement greatly increased Washington post's profits, with an average annual increase of 35%. After 10 years, Buffett's investment of 10 million dollars rose to 200 million.

1980, he bought 7% shares of Coca-Cola at the unit price of 10.96 USD per share. By 1985, Coca-Cola changed its business strategy and began to withdraw funds and invest in beverage production. The unit price of its shares has risen to $565,438 +0.5, a fivefold increase. As for how much money has been earned, this figure can shock investors all over the world.

1992, Buffett bought 4.35 million shares of General Dynamics, an American high-tech defense industry company, at a price of $74 per share. By the end of the year, the share price rose to 1 13 yuan. Buffett's stock worth $322 million six months ago is now worth $49 1 10,000.

By the end of 1994, 1994 had developed into a Berkshire industrial kingdom with $23 billion. It is no longer a spinning mill, but has become Buffett's huge investment and financial group. From 1965- 1994, Buffett's stock grew by an average of 26.77% every year, nearly 17 percentage points higher than the Dow Jones index. If anyone invests $65,438+00,000 in Buffett's company in 65,438+0965, he will get a return of $65,438+065,438+03 million through 65,438+0994. In other words, whoever chose Buffett 30 years ago was on the rocket to get rich.

On March 1 1, 2000, Buffett published his annual letter-a heavy letter-on Berkshire's website. The data shows that the net income of Berkshire, the investment fund group chaired by Buffett, fell by 45% last year, from $2.83 billion to $654.38+$55.7 million. Berkshire's A-share price fell by 20% last year, which was the only decline in the 1990s. At the same time, Berkshire's book profit only increased by 0.5%, which was far lower than the increase of Standard & Poor's 2 1% in the same period, and it was also the first time since 1980.

On the evening of March 1 2007, Berkshire Hathaway, the flagship investment company of Warren Buffett, announced its financial year 2006 results. The data shows that due to the hurricane "breaking the promise", the company's main insurance business achieved profitability. Last year, Berkshire's profit increased by 29.2% with a profit of 655. Earnings per share were $765,438+044 ($5,338 in 2005).

During the 42 years from 1965 to 2006, the average annual growth rate of Berkshire's net assets reached 2 1.4%, with a cumulative increase of 361156%; In the same period, the average annual growth rate of S&P 500 companies was 65,438+00.4%, and the cumulative growth rate was 64.79%.

On March 1 day, 2007, Berkshire A shares rose by $4 10 to close at $ 106600. Last year, Berkshire's A-share price rose by 23%. By contrast, the average share price of the Standard & Poor's 500 index rose by only 9%.

Buffett is the greatest investor in history. By investing in stock market and foreign exchange market, he has become one of the richest people in the world. The value investment theory advocated by him is popular all over the world. Value investment is not complicated. Buffett once summed it up as three points: treating stocks as many miniature business units; Treat market fluctuations as your friends rather than enemies (profits sometimes come from loyalty to friends); The price of buying stocks should be lower than you can afford. "In the short term, the market is a voting calculator. But in the long run, it is a weighing machine "-in fact, it is not difficult to master these ideas, but few people can persist for decades like Buffett. "Buffett never seems to try to make money from stocks. He bought the stock on the assumption that the stock market would close the next day or would not reopen for five years. In the view of value investment theory, once you see market fluctuation and think it is profitable, investment becomes speculation, and nothing affects investment more than gambling mentality. "

On June 25th, 2006, Buffett announced that he would donate his private wealth to charity totaling $37 billion. This huge sum of money will be donated to the charity foundation founded by Bill Gates, the richest man in the world and chairman of Microsoft, and the Buffett family foundation respectively. Buffett's $37 billion donation is by far the largest private charitable donation in the United States.

According to Reuters, Buffett, CEO of Berkshire Hathaway Investment Company, is 75 years old, and Forbes magazine estimated his worth at $62 billion, making him the richest man in the world. The donation of 37 billion yuan accounts for about 60% of Buffett's property.

In his letter to the Bill & Melinda Gates Foundation, Buffett said that he would donate 654.38+00 billion Berkshire B shares, which is equivalent to Buffett's donation of $30 billion to the Gates Foundation in terms of market value.

The Gates Foundation issued a statement saying: "We are flattered by the decision of our friend Warren Buffett. He chose to donate most of his wealth to the Bill and Melinda Gates Foundation to solve the most challenging inequality problem in the world. "

In addition, Buffett will donate 6,543,800 shares to the charity fund founded for his late wife and 350,000 shares to the charity fund of his three children.

Not long ago, Gates just announced that he would gradually hand over his daily management responsibilities at Microsoft within two years, so as to devote himself to the work of the Gates Foundation. The total assets of the Gates Foundation have now reached $30 billion. The foundation is committed to helping health care in developing countries and developing education in the United States.

Forbes magazine released the 2008 global rich list on March 6th. Warren Buffett, the stock god, became the richest man in the world, and his net worth soared by $654.38+0 billion to $62 billion. Carlos Slim He Lu, a Mexican telecommunications giant, ranked second, with personal assets of $60 billion, a sharp increase from last year's $49 billion 1 10 billion; Bill Gates, the chairman of Microsoft, who has been the richest man for 13 years in a row, retired to third place, with personal assets of $58 billion, an increase of $2 billion over last year.