Warren Buffett: A Short Biography

    Warren Buffet is the largest investor in the world.He is the chairman of Berkshire Hathaway.Buffet is Known as Oracle of Omaha.He started investing at the age of 11.Buffet's father Howard was a stock broker and later became a U.S Congressman.Buffet studied at Wharton school and graduated from Columbia business school.
    After post graduation,he worked as a socks analyst with Benjamin Graham,the author of 'Intelligent investor'.In 1956,he started Buffet Associates ltd.In six years, the firm had networth of $ 7 million.By next year,he had three partnership firms.In 1962,he merged all firms to invest in Berkshire Hathaway, a textiles manufacturing firm.Buffet.
   In 1970,he became the charman of Berckshire Hathaway and his  net worth reached $620 million in next 9 years.in 1985,he stopped textile divisionand  concentrated on insurance business.His Company purchased leading  firms such as See's Candies, Fruit of the Loom, Dairy Queen, The Pampered Chef and GEICO Auto Insurance.
    Buffet examined the intrinsic value of companies before investing.His major investments include Coca Cola, American Express and the Gillette Company.He avoided technology stocks and it saved him from 'dotcom bubble' later.Buffet claimed that his success is due to the friendship with Charlie Munger, who later became vice chairman of Berckshire hathaway.
   In  2006,he donated majority of his wealth to the Bill & Melinda Gates Foundation.He is considered as a true legend with a consistent place in Forbes' richest people list.