In this fast paced world one dream is common to all, & that is “making money”, to become the richest person in the world. We all love to dream and especially when we are sitting idle many revolutionary ideas come to our mind & we think that we can really bring a change, create something unique .Everyone likes to think of the ideal state. But the next day if some investment banker calls us up and asks for an appointment to show us a really good investment plan, we turn him down because to most of the people investment is just a dream and they are not ready to accept that a systematic investment can really make them rich. We think that if we do not invest huge amount, we cannot gain high returns. Now here lies the purpose of the article to show you and motivate you about the fact that only attitude and smart thinking can really make a difference to your life. If for this purpose an example is to be set , then I think the biggest motivating example is a Living legend, known as Mr. Warren Edward Buffet. In this article you will get to know about his historical timeline, which will be enough to motivate you and pinch you to start right now.Warren Buffett is an American, businessman, investor, and philanthropist. He is the world's most smartest yet simple life leading investors and the largest shareholder and CEO of Berkshire Hathaway. He is declared as the richest man in the world by Forbes with an estimated net worth of $62.0 billion.
His Historical Timeline
1943
At the age of 13 Warren filed his first income tax return, his bicycle and watch as a work expense for $35 for his work as newspaper delivery boy.
1945
At the age of 15 warren and one of his friends purchase a used pinball machine by just spending $25, which they placed in a barber shop. Within months, they owned three machines in different locations.
1950
At the age of 20 Warren applied for admission to Harvard Business School but was turned down. Buffett got admission in the Columbia Business School after learning that Benjamin Graham and David Dodd two well-known securities analysts, taught there.
1951
At 21 years of age Warren was graduated from Columbia and wanted to work on Wall Street, but his father and Ben Graham didn’t want him to do so. He purchased a Sinclair Texaco gas station as a side investment, but that venture did not work out as well .In the meanwhile he worked as a stockbroker.
1952
At the age of 22 Buffett married Susan Thompson.
1954
When Warren was 24 years old Benjamin Graham offered Buffett a job at his partnership with a starting salary of $12,000 a year. Here, he worked closely with Walter Schloss.
1956
When Warren was 26, Benjamin Graham decided to retire and close his partnership. But by then Warren’s personal savings has reached to $140,000. Buffett returned home to Omaha and created Buffett Partnership Ltd., an investment partnership
1957
At 27 Warren already built three partnerships operating the entire year.Buffett purchased a five-bedroom stucco house in Omaha for $31,500, in which he still lives,.
1959
At 29 Warren had six partnerships operating the entire year.
1960
At 30 Warren Buffet had seven partnerships operating the entire year.The partnerships were: Buffett Associates, Buffett Fund, Dacee, Emdee, Glenoff, Mo-Buff, and Underwood.
1962
At 32 Warren became a millionaire because his partnerships, in January 1962, had in excess of $7,178,500 of which over $1,025,000 belonged to him. He merged all partnerships into one partnership. He discovered a textile manufacturing firm, Berkshire Hathaway. Buffett's partnerships began purchasing shares at $7.60 per share.
1965
When Warren was 35 years of age, his partnerships aggressively began purchasing Berkshire; by paying $14.86 per share while the company had working capital (current assets minus current liabilities) of $19 per share. He took entire control of Berkshire Hathaway at the board meeting and named a new president, Ken Chace, to run the company.
1967
At the age of 37 Warren’s Berkshire paid out its first and only dividend of 10 cents.
1969
The age of 39 and the year proved to be very much successful; whenWarren liquidated the partnership and transferred their assets to his partners. Among the assets paid out were shares of Berkshire Hathaway.
1970
At 40 Warren as the chairman of Berkshire Hathaway, began writing his now-famous annual letters to shareholders.
1973
Berkshire began to acquire stock in the Washington Post Company. Buffett became close friends with Katharine Graham, who controlled the company and its flagship newspaper, and became a member of its board of directors.
1977
At 47 years of age, Warren indirectly purchased the Buffalo Evening News for $32.5 million. Antitrust charges started.
1979
When warren was 49 years,Berkshire began to acquire stock in ABC. With the stock trading at $290 per share, Warren’s net worth neared $140 million. However, he lived solely on his salary of $50,000 per year.Berkshire began the year trading at $775 per share, and ended at $1,310. Warren’s net worth reached $620 million, placing him on the Forbes 400 for the first time.
1987
Berkshire Hathaway purchased 12% stake in Salomon Inc., making it the largest shareholder and Warren Buffet the director.
1988
At 58 years, Warren Buffett began buying stock in Coca-Cola Company, eventually purchasing up to 7 percent of the company for $1.02 billion. It would turn out to be one of Berkshire's most lucrative investments, and one which it still holds.
1999
Warren was declared the top money manager of the twentieth century in a survey by the Carson Group.
2006
At the age of 75,Warren declared in June that he would give away 85% of Berkshire’s holdings to Bill and Melinda Gates Foundation
2007
In a letter to shareholders, Warren announced that he was looking for a younger successor, to look after his investment business. Buffet had previously selected Lou Simpson, who runs investments at Geico, to take up the responsibility. But, Simpson was only six years younger than Buffett.
2008
At the age of 77, Warren Buffet id declared as the richest person in the world, worth $62 billion, by Forbes, breaking the record of Bill Gates who was on the number 1 position for 15 consequent years.
After reading this you will be enough motivated to give up just thinking and will start doing. Smart moves can really make you rich.
1 comments:
You have provided an unbelievable fact, which am sure very few of us were aware of...great and indeed a smart work done...do keep writing more on such facts.
Post a Comment