25 Reasons Why Warren Buffett Is a Multi-Billionaire презентация

Buffett quickly became hooked on all things business – he bought a paper route at 13 and never looked back.

Graham is known as the father of “value investing”

Photo: Timeless Books

Buffett has made plenty of mistakes, but he owns them and learns from them.

Meeting Munger changed what Buffett looked for in a stock and company. Munger stressed the importance of qualitative factors – not just the numbers.

Berkshire’s original $1.3 billion position is now worth over $16 billion.

Buffett has said he never plans on selling a single share.

"I will tell you now that we have embraced the 21st century by entering such cutting-edge industries as brick, carpet, insulation and paint.  Try to control your excitement.“
-Buffett

Buffett bought shares of Washington Post in 1973 for $10 million. Nearly a year after his initial investment, he had endured a 20% unrealized loss on the position.

By 2004, Buffett had an unrealized gain of $1.7 billion on the position.

Waiting paid off.

Buffett did.
He penned this article for the New York Times and was proved correct when the world didn’t end.

He sticks to the industries (banks, insurance, consumer goods) that he knows and avoid the ones (tech) he doesn’t.

Buffett only focuses on the factors he can control: His emotions and his own decisions.

Buffett calls insurance:
“Berkshire’s core operation and the engine that has consistently propelled our expansion since 1967.”

Not Buffett. He still sings the praises of others.

Buffett on the head of Berkshire’s insurance operations (Ajit Jain):
"If Charlie, I and Ajit are ever in a sinking boat – and you can only save one of us – swim to Ajit

But Buffett understood early that he could earn more on that money by keeping in Berkshire’s pockets and rewarding investors by growing the business.

“Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard. If you can enjoy Saturdays and Sundays without looking at stock prices, give it a try on weekdays.”
-Buffett

Photo: Rafael Matsunaga

Buffett looks at the glass half-full.
“Of course, the immediate future is uncertain; America has faced the unknown since 1776.”

"I found what I love to do very early...when I was seven or eight years old I knew that this particular game really, really intrigued me. And then I had some great teachers along the way."
-Buffett

He recently teamed up with a private equity firm, 3G Capital, to buy Heinz. Buffett saw how 3G could help the company and didn’t let pride stand in the way.

Lesser minds would try to squeeze out all of the glory while they are still around. Berkshire’s big moves into the energy and railroad business show Buffett’s willingness to think beyond most people’s timeframes.

In fact, an estimated

99.6%

of his net $65 billion net worth was accumulated after his 50th birthday!