Interesting facts about Warren Buffett, The most Inspiring investor and philanthropist of all times
- Credited with the title ‘Oracle of Omaha’,
Warrant Buffetis an investing giant, business tycoon and also a philanthropist.
- Bound for success in a very young age,
Buffetbought his first stock when he was just 11 years and developed a wealth of over $53 from several businesses and investments.
- Here are a few interesting facts about Buffet you had hardly known but will inspire you to consider him a role model.
AdvertisementThough he started very young to build up on his fortune successfully, Warrant Buffet’s story was not a smooth one. Like many other achievers in life, Warren Buffet also had to suffer several setbacks that would have crippled anyone. Harvard Business School rejected him and later his father-in-law would tell he was bound to fail. Admired for his incredible achievements, Buffet is one of the largest investors and entrepreneurs in the world today. Warrant Buffet’s fame ensues from his startling achievements as well as philanthropic activities.
Warrant Buffet first investment
Buffet made the first investment of his life when he was just 11 years old. In 1942, he purchased the stocks of Cities Service opted for $38 per piece.
Warrant Buffet first gains
Right from his young age, Buffet used his hard work and tactful intelligence to carve his success story. Born and brought up in Omaha, Nebraska, Buffet made $175 per month by delivering The Washington Post every morning when he was only 16 years old. This income was much more than what most teachers made during those times. A few side gigs like selling collector stamps and used golf balls and buffing cars also helped him build on his earnings. By the age of 16, Warren Buffet made a wealth of $53,000.
Harvard Business School rejected him
When he applied to the Harvard Business School after passing out from the University of Nebraska, he was rejected. The school that would select him to join the university told Buffet, “Forget it. You’re not going to Harvard.” Later he funnily describes how he got an entry into the Columbia Business School. He wrote a letter to professors Benjamin Graham and David Dodd stating, “Dear Professor Dodd, I thought you guys were dead, but now that I found out that you're alive and teaching at Columbia, I would really like to come.” And, this letter fetched him an admission.
Buffet stayed in the same house from 1958
In 1958, Warren Buffet bought a property in Omaha in a deal worth $31,500. He has ever since lived in this five-bedroom house instead of moving into mansions or vacation homes. He never invested in expensive cars even.
His secret of staying young is eating like a 6-year kid
AdvertisementWhile talking to Fortune, Buffet said one quarter of his body is made of Coca-Cola. He added, "If I eat 2,700 calories a day, a quarter of that is Coca-Cola. I drink at least five 12-ounce servings. I do it every day." His breakfast on many days would consist of a can of Utz potato sticks accompanied by a soda. On some other days, he would start his early morning with a cup of ice cream. Narrating how he managed to remain healthy with such salty and sugary food choices, he would say, "I checked the actuarial tables, and the lowest death rate is among 6-year-olds. So I decided to eat like a 6-year-old."
He is one of the greatest philanthropists of all times
Warrant Buffet is known to be one of the greatest philanthropists of all times as he dedicated a large sum of his wealth to support charitable works. Once he pledged 85 percent of his Berkshire Hathaway stocks to several charitable foundations. He gave away 99% of his wealth to support the activities of Bill & Melinda Gates Foundation. Along with Bill Gates, Buffet founded ‘The Giving Pledge’ in 2009 which motivated billionaires to give away half of their fortunes to charities.
He did not believe in passing on his wealth to his children
Buffet strongly believed that a good father would not pass on his entire wealth to his children, rather the role of a good father is to make his kids independent and confident. After donating a huge portion of his wealth to charities, he wrote, "I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing"
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