Warren Buffet and Success

Warren Buffet – one of the richest people in the world, has come to an age of success. He was deemed among the wealthiest people in 2008 and third richest guy in 2011. People perceive buffet as the “big man” when it comes to business matters. At a young age of 22, he visited Lorimer Davidson in Washington. There, the two discussed insurance business for hours and hours, then after that Davidson was astonished by Buffet. He even said that he was an extra ordinary person after he had spoken to him in just fifteen minutes. He knew that this guy had talent in the business world.

Buffet became a millionaire in 1962 because of his business partnerships. He also created a manufacturing firm and begin to buy shares to other companies. This didn’t stop and he managed to even “fire” the owner of the company. Buffet continued to buy shares and in 1965 he was able to purchase Berkshire and had a capital of $19 per share. His witty mind and highly sophisticated decision making coined him as a man of brilliance and strategy. Buffet became a billionaire when Berkshire began selling class A shares in the early 90’s.

Being rich is something but being a talented rich guy is indeed something else. Warren Buffet proved to everyone that he is indeed a guy that has a mind of a thinker. Buffet also is an avid player of bridge, it’s a 52 card deck game. It’s a trick taking game, you must have a good strategy. Business people are “good” in these type of games, because of they are good in analyzing things. A trait of a good business man is his ability to look beyond and analyze what lies ahead (business oriented). Buffet also invested in the coal business and it broadened his knowledge and wealth.

Buffet also participated in politics. Buffett endorsed Barack Obama’s presidential campaign. He was a strong supporter for Obama’s campaign back then. He always supported Barack Obama against John McCain’s view on social justice. When it comes to politics Buffet is not backing down to any challenge. Many people wrote about buffet as well. These books are best sellers, Buffet didn’t mind people writing about him. He is very vocal about the things that he deemed right especially when it comes to business related topics.

He is also known as a philanthropist. He is aware that he has enough money to spend everything on material pleasure, but he chooses not too. In a quoted interview here’s what Buffet said:

“I don’t have a problem with guilt about money. The way I see it is that my money represents an enormous number of claim checks on society. It’s like I have these little pieces of paper that I can turn into consumption. If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GDP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing. I don’t do that though. I don’t use very many of those claim checks. There’s nothing material I want very much. And I’m going to give virtually all of those claim checks to charity when my wife and I die.”

Warren Buffet is a great guy who values wealth, health and progress. Being one of the most richest people worldwide isn’t just a name for show. Things fall into place and Warren Buffet at the age of 83 still never fails to astonish and help people. We know he’s not perfect but at least shares his brilliance to society. He gives inspiration to young businessmen and is an example to them.

 

One thought on “Warren Buffet and Success

  • January 8, 2014 at 12:09 am
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    Buffet has a great view of markets and business. I think his lack of consumption shows why he is so successful – he’d prefer to be rich than have lots of stuff.

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