There will be a millennium before 35 years or I will jump from a tall building, this is what Warren Buffet had said when he was very young. Friends, today in this video we will see how the world's richest investor earned money, how he made zero dollars. made one million dollars at the age of 32 and one million turned into 85 billion dollars then let's start
The essays of Warren Buffett lessons for corporate America
Learning from Warren Buffett
ENCOUREGING STORY OF WARREN BUFFETT
Warren Buffett
was born in America on August 30, 1930. Warren Buffett's grandfather Howard
Buffett was a stock broker who was also a politician while his mother was a
housewife. American crisis was going on in 1930, even before Warren Buffett was
1 year old. His family lost all their bank savings because the bank where
Warrant's family's savings were kept was closed.
Since childhood, he was very good with warrant matches and numbers, especially he used to find patterns in everything. For example, in his childhood, He would look at the numbers of all the cars in front of his house and write them down on a paper at night and see which car passes his house the most times. Once Warren saw a man taking a cold drink from the machine in front of his house and he found cold drink lids lying in the machine. Warren Buffett picked up all those lids every day for weeks and saw that people were the most cold drink ,drink more?
Which company Warren Buffett invested?
After counting
the caps of cold drinks, he came to know that people prefer Coca-Cola more and
after many years in his investing career, due to this knowledge, he also bought
a lot of shares of Coca-Cola.
Warren Buffett
Books
When Warren
Buffett was 10 years old and was reading books in Benson Library, he was shown
a book whose title was 1000 Ways to Earn $1000. He was given a lot of history
of earning money in the book but Warren liked one of the ideas very much. And
the idea was that you can earn $1000 by installing a weighing machine. The idea
was that the money earned by installing one machine should be used to buy
another machine and instead of spending the profit every time, green waste
should be done. Seeing this, the 7 year old boy Warren
Buffett started calculating how much a weighing machine would cost him and how
much time would it take from its profit to buy another weighing machine and he
started calculating that if every person in the world How much money can he
earn if his weighing machine does it? warren buffett life insurance.
Warren Buffett
started selling many things since childhood, such as Coca-Cola, chewing gums,
magazines and even gave newspapers to people after waking up at 4:00 in the
morning.
He started
enjoying the game of making money since childhood. Buffett says that there was
freedom and enjoyment in earning money and I could become my own boss. Warren
Buffett had fallen in love with the concept of compounding since childhood
because he I had heard the story of a king which was something like this
A priest comes to
a king and asks for donation from the king. The arrogant king says that we will
give you as much donation as you want. Ask for what you want. On this the
priest said that there are 64 mines in chess. I want you to eat first. Donate
one rice in the box and then double it in the next box i.e. two grains of rice. After
that, double it again in the next box i.e. eight grains of rice and you keep
doing this till 64 areas of chess. I only want as many grains of rice as the
total, on this the king said, you are so naive, it would be better than this. I
would have asked you for diamonds and jewels but when the king's soldiers
started putting grains of rice in those 64 sections, there were so many grains
in those 64 sections that he had to sell his entire kingdom to the king.
How did Warren Buffett get rich?
Warren Buffett
was so impressed by the story that he adopted compounding as his tax
philosophy. When Warren Buffett applied to Harvard Business School at the
request of his grandfather, during the Harvard interview, he interviewed Warren
Buffett for 10 minutes in Chicago and asked him. Said, forget it, you cannot
get admission in Harvard. And Warren became very sad that what will
I say to my dad now but now Warren Buffett says that perhaps this was the best
thing that happened to me because a few years ago he had read a book named “The
Intelligent Investor” and “Security Analysis” by Benjamin Graham which greatly
influenced Warren Buffett
After Harvard's
rejection, Warren saw in the prospectus of Columbia University that Benjamin
Graham was studying there and wrote him a letter: Dear Professor, I still
thought you were dead because now I have learned that you are alive.And you are
teaching in Columbia University so I want to join this university and
fortunately I got admission in Columbia University and warrant say that these
were the best days of my life because I learned a lot about investing from
Benjamin Graham Benjamin Tell them the two best tools for investing.
Rule number 1 was
never put your investment money in risk i.e. never lose money
Rule number 2 was
never forget rule number 1.
Warren Buffett 3 life lessons
Buffett success
One very
important concept that Warren Buffett learned from Graham was value investing
i.e. one should buy a company according to its price and not according to its
current market value. For example, if you know that this pen is worth $10 and
tomorrow If the market sends you that pen for $20, then you should not buy it
but wait for it. And the day the same pen market starts
offering you $ 5, then you should buy it at this time and as soon as the market
is again selling that pen for ₹ 10, then you should also sell the purchased pen
in the market again for $10. Now this philosophy is followed to buy shares of
big companies and earn a lot of money.
At what age Warren Buffett become millionaire?
In 1956, at the age of 25, Warren opened his own partnership firm in which his partners along with him were Maximum Partners, who were from his family. In just 6 years, i.e. in 1962, he turned his 7 million dollars with the help of his partnership firm. Of which one million dollars belonged to Buffett, that is, he had become a millionaire at the age of just 32. And fortunately, he did not have to jump from a tall building. He had promised in his childhood. The price of shares was increasing in the market and it was becoming difficult to buy cheap shares, so Buffett closed his partnership firm in a few years.
Warren Buffett net worth in rupees
Warren was very
afraid of public speaking. He says that if I went on stage, I would feel like I
would vomit. Then he saw a public speaking course of Dale Kahani in the
newspaper and he joined that course. According to Warren Buffett, this gave him
a huge jump in his future professional life. Warren
Buffett says that he got so much confidence from this court that he proposed
his girlfriend Susan for marriage and got married to her. After this, Perfect
entered his life.
Warren Buffett financial advisor
The warranty
investment philosophy of one of his close partners, Charles Mangal, before he
met Charles Mangal, was to buy a company which has a high actual value but is
getting it at a cheap price now due to bad management and later when he sees
the value of the company increasing. Go ahead, send him his market shares and
take profit, but after meeting Charles Magar, this became Buffett's investment
strategy.
That Warren
Buffett and Bill Gates are best friends today. Yes and this story started in
this way. Once my helper of Bill Gates was convincing Bill Gates to come to
Hood Canal for a family meeting and there But met Warren Buffett but Bill Gates
was very resistant Because he did not want to meet Warren Buffett because Bill
Gates thought that Warren Buffett was just a man who just kept buying and
sending stocks and did not believe that he would get any real benefit from
meeting him but finally Bill Gates Bill Gates agreed to come for lunch and as
soon as he met Warren Buffett, he came to know that Warren Buffett is a good
and intelligent person and both of them very quickly became best friends.
At that time, Bill Gates' grandfather was also present in the lunch and he told Warren Buffett and Bill Gates that both of you have been very successful in your life, then he gave both of them a paper and a pencil and asked which one such thing What do you believe is what made you both successful? When Bill Gates' grandfather saw the paper of both of them, they both wrote the same word in the paper and that was Fox. Even today, Bill Gates and Warren Buffett are friends and Warren Buffett donated 3.4 billion dollars to the Bill and Melinda Gates Foundation in the year 2018. donates in.
warren buffett insurance company
Not only this, Warren Buffett has also promised that after his retirement, he will donate 99% of his wealth and will give a significant portion of his wealth to his children because he knows that the money earned without hard work will take care of his children. Life will not improve but will be ruined Friends, Warren Buffett still lives a very simple life. He lives in a middle class house, eats middle class food and drives a middle class car. Initially, he had only 25 employees in Workshare Hathway. Of course, there are many employees in Workshare Hathway. But those first 25 employees still work with him. Warrant says that I consider each of my employees and each shareholder as a partner and treat them like a family member & berkshire hathaway investments. They always say that I am very happy because I am playing the game in my life which I love. I don't love money, I just love the game of investing. If I loved money, I would buy an expensive car, but I don't do anything like that…....
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