The Story of Warren Buffett (Legends of Investing Series)
Warren Buffett is one of the most idolised, revered and imitated investors in the world.
At the time of writing this article, his company, Berkshire Hathaway, has a market cap of over $400 billion and Buffett himself has a net worth of over $80 billion, making him the third richest person in the world.
His approach to value investing, combined with his influence over the companies he invests in and utilisation of their competitive advantages, has seen him generate an average annualised gain of 20.8% per year. Just over double the 9.7% annualised returns the S&P 500 delivered over the same period of time, since 1965.
He’s dubbed the Oracle of Omaha. A man whose name is synonymous with wealth and investing, a true modern icon of success.
…This is his story.
Early Years
Warren Buffett was born on the 30th August 1930, in Omaha, Nebraska.
His father Howard was a stockbroker, with his own brokerage firm and his mother Leila was a housewife. Buffett had two sisters, one older than him and one younger.
