Warren Buffett’s $ billion question: The posthumous wealth plan of the Oracle of Omaha
Warren Buffett, the year-old billionaire investor and chairman of Berkshire Hathaway, marked this Thanksgiving with another massive act of generosity, donating over $ billion in Berkshire Hathaway stock to four family-run foundations.
This move is part of a larger vision to distribute his wealth, now estimated at over $ billion, in ways that align with his philanthropic philosophy.
Since , Buffett has pledged to donate more than 99 per cent of his fortune, a commitment that has already seen him give away over $58 billion, including $43 billion to the Bill & Melinda Gates Foundation.
This year’s Thanksgiving donation included 1, Class A Berkshire shares, converted into million Class B shares. Of these, million shares went to the Susan Thompson Buffett Foundation, named after his late first wife, while the remaining , shares were divided among foundations led by his three children: Susie, Howard, and Peter Buffett.
“Father Time always wins”
In a letter to shareholders released alongside the announcement, Buffett addressed his advancing age and the inevitability of mortality with his charac
Who Is Warren Buffett? How Did He Make His Fortune?
Warren Edward Buffett, the legendary value investor, turned an ailing textile mill into a financial engine that powered what would become the world’s most successful holding company.
Known as the "Oracle of Omaha” for his investment prowess, Buffett has amassed a personal fortune of over $ billion, according to Forbes. He inspires legions of loyal fans to make a yearly trek to Omaha, Neb., for an opportunity to hear him speak at Berkshire’s annual meeting, an event ironically dubbed “Woodstock for Capitalists.”
Key Takeaways
- Warren Buffett started investing at a young age, buying his first stock at age 11 and his first real estate investment at age
- Buffett studied under the legendary value investor Benjamin Graham while pursuing a business degree at Columbia University (Harvard had rejected him).
- Buffett bought the ailing Berkshire Hathaway textile company, later to be used as a vehicle to acquire other businesses and make investments.
- Buffett is a true value investor, buying underpriced but solid companies and holding them for the long term.
- Buffett has always been a philanthropist and has pledged the vast a
Books Recommended by Warren Buffett: A Glimpse into the Library of the “Oracle of Omaha”
Forget fleeting investment fads and hollow promises. Join us on a pilgrimage for serious investors—a trek into the intellectual landscape that shaped the legendary Warren Buffett. In this article we&#;ll dive into the books recommended by Warren Buffett, a curated collection brimming with value investing books, business biographies, and philosophical insights.
This isn&#;t just a reading list; it&#;s a masterclass in Buffett&#;s investment philosophy. We&#;ll navigate his complete library, dissecting all books recommended by Warren Buffett and unlocking the value investing library that fueled his genius. From classic investment bibles like &#;The Intelligent Investor&#; to compelling business biographies like &#;Shoe Dog,&#; we&#;ll delve into the knowledge that propelled Buffett to the top.
But this journey isn&#;t solely about finance. We&#;ll explore personal development books that honed his legendary discipline and American business history that shaped his understanding of capitalism. This is a chance to discover not just investment classics but the business must-reads tha
The incredible life and career of Warren Buffett, the billionaire every investor looks to for inspiration
The "Oracle of Omaha" was born in in Omaha, Nebraska, to Howard and Leila Buffett. His father was four-term US congressman from Nebraska and a stockbroker.
While most kids were playing stickball out in the street, Buffett was rubbing elbows with Wall Street's most powerful players.
At age 10, Buffett had his "road to Damascus" moment, on Wall Street.
During a visit to New York City, Buffett and his father joined At Mol, a Dutchman who was a member of the New York Stock Exchange, for lunch.
"After lunch, a guy came along with a tray that had all these different kinds of tobacco leaves on it," Buffett recalled. "He made a cigar for Mr. Mol, who picked out the leaves he wanted. And I thought, this is it. It can't get any better than this. A custom-made cigar."
It was at that moment Buffett realized he would dedicate his life to making money.
Source: Business Insider
Buffett caught the investing bug early. When he was 11 years old he purchased his first stock.
He bought three shares of Cities Services Preferred at $38 per share. The you
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