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Warren Buffet
Stock Market: Invest in Your Fortune. Success Stories
Wall Street is the only place in the world, where a man, who got there by Rolls Royce, asks on bended knees for advice from a man, who got there by subway "
Warren Buffet was born in 1930 in the USA. He was 11 when he dealt his first stock transaction and earned $5. When he was about 20, failing to go to Harvard and having to earn for a living by mechanical jobs and news delivery, he saved $9,800 to make them $100 000 over five years of investment. That was the point where he went into professional investment dealings.
When he was 25, he made a team of his friends, his family and himself to start the investment company called Berkshire Hathaway. The company’s basic strategy was to invest into underrated equities of companies having good growth opportunities, to participate in capital stock and arbitrage.
In his investment Buffet was guided by the knowledge of business and clear idea of long-term company’s development. So, the tech-heavy and Internet indexes rally launched, Buffet investing not a single cent in the.
Warren Buffet’s actual fortune is assessed $36 bln. According to Forbes, Bill Gates is the only man in the world, whose fortune tops Buffet’s one. Despite all this, Buffet remains rather unpretentious man and still lives in the house he bought at $31,500 more than 40 ago.
The price of $1 invested in 1965 in Berkshire Hathaway is $5000 by now |
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