Warren Buffet was born in Omaha, Nebraska, the United States on August 30, 1930. Buffet began working at a paper firm when he was 17 years old. By the age of 30, Buffet had become a self-made millionaire. In the early 1960s, Buffet began trading in equities. In the early 1980s, Buffet became one of the world’s wealthiest people. Buffet began giving to charity in the early 1980s. Buffet regained his billionaire status in the late 1990s.
In the 2000s, Warren Buffet gave more money to charity than in any other decade. In 2009, Buffet revealed his intention to give away his fortune. Buffet’s Giving Pledge has inspired other billionaires to donate the majority of their fortunes.
Table of Contents
Warren Buffet Timeline: The Evolution from 1936 to 2013
1. Warren Buffet was born in 1930 in Omaha, Nebraska.
2. In 1956, Buffet began his career as a stockbroker in Omaha.
3. In the 1960s and 1970s, Buffet became a wealthy investor and businessman.
4. In the 1980s, Buffet rose to prominence as an investor and philanthropist.
5. In 1987, Buffet became a billionaire.
6. Buffet made investments in companies such as Coca-Cola, GEICO, and American Express.
7. In the 1990s and 2000s, Buffet became a philanthropist.
8. Buffet has made numerous philanthropic contributions totalling millions of dollars.
9. In 2013, Buffet announced his retirement from the corporate world.
1930
The birth of Buffett
Warren Edward Buffett was born in Omaha, Nebraska on August 30, 1930, as the second of three children to Howard and Leila Buffett, who married in 1925.
Doris, Buffett’s older sister, is born in 1928. When Warren is three years old, his sister Roberta, nicknamed “Bertie,” is born.
1942
Buffett purchases his first stock
Warren Buffet buys his first stock at the age of 11 after predicting to a childhood buddy that he will be a millionaire by the age of 35. In an interview, he says to CNBC, “I don’t know why I wasted that time prior.” “I began late.”
For three shares of Cities Service preferred, Buffett pays $38.25 apiece. It drops to roughly $27 before rising to $40, causing Buffett to sell for a little profit.
It eventually reaches $200 per share, giving him an important lesson about the virtue of waiting.
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Warren Buffet–1943
The Buffetts relocate to Washington, D.C
Buffett’s father, who owns a modest brokerage company in Omaha, runs for Congress to support the gold standard and is elected to the first of three terms.
Warren Buffet delivers newspapers and dabbles in numerous businesses.
He enters with about $120 and departs with $10,000, which is nearly $100,000 in 2018 currency.
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1949
“The Intelligent Investor” is discovered
Buffett reads voraciously and experiments with various investing strategies throughout his adolescence.
Then, in 1949, as a student at the University of Nebraska, he read Benjamin Graham’s “The Intelligent Investor.” It has a significant impact on his investment attitude, giving him the three fundamental ideas that would govern him from then on.
1952
Susan Thompson and Warren Buffett on their wedding day
Warren Buffett married Susan Thompson in Omaha. Thompson had shared a dorm room with Buffett’s sister Roberta in college.
Susan’s progressive politics help to shape Buffett’s overall liberal outlook.
Susan moves to San Francisco to develop her singing career in 1977, and the pair begins living apart.
They were married till she died in 2004.
1956
First Buffett Partnership begins
Buffett returned to Omaha in 1956 after spending two years in New York with his mentor, Ben Graham, at Graham-Newman.
He forms a partnership with seven investors, including his father-in-law, sister Doris, Aunt Alice, and a college buddy, when he is 25 years old.
The initial deposits equal little more than $105,000. Buffett invests $100 of his personal money in the venture.
His fee is 50% of earnings above a 4% gain, but he also commits to pay 25% of any losses.
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1958
Purchases a small Omaha home
Buffett is doing well enough two years after beginning his first partnership to afford a home in Omaha for $31,500. (in 2018 USD, $270,000).
He does not trade up, despite becoming one of the world’s wealthiest individuals during the following 60 years.
“I have everything in life I desire,” he tells shareholders at the 2014 annual meeting. My life would not be happier, and it would be worse if I had six or eight houses or a bunch of other stuff I could have. It just does not correspond.”
1965
Warren Buffett acquires ownership of Berkshire Hathaway, a faltering textile business in New Bedford, Massachusetts, after several years of acquiring what he regards as cheap shares.
Despite the fact that it would grow into a massive company worth more than $500 billion by 2018, Buffett considers the purchase to be one of his worst errors.
Warren Buffet-1972
Berkshire Hathaway buys See’s Candies
Berkshire Hathaway buys a little confectionery company in California for a fully valued $25 million.
It becomes one of Buffett’s favorite investments, a “dream business” with great brand loyalty that generates cash and doesn’t require much additional money.
Munger considers it a valuable lesson. It’s the first time they’ve “taken a stand for brand quality.” And it was a difficult transition for us. We were accustomed to paying 50 cents for a $1 note.”
1983
Stock Achievement
The price of one Berkshire Hathaway share reaches $1000 for the first time in May.
1988
Purchases a Coca-Cola stake in 1988
Warren Buffett like Cherry Cokes and is pleased with Berkshire Hathaway’s investment in Coca-Cola.
Berkshire Hathaway’s almost 10% investment in the firm was valued at $18.4 billion at the end of 2017. From its $1.3 billion cost basis, that’s a remarkable increase of almost 1300 percent.
Buffett attributes the soft-drink company’s decades of advertising to creating “mindshare” that competitors can’t match.
Warren Buffet–1992
Achievement in the stock market
Berkshire Hathaway shares reach $10,000 per share for the first time in November.
The corporation is worth $14.9 billion on the open market.
1998
Achievement in the stock market
The price of one Berkshire Hathaway share surpassed $50,000 for the first time in January.
The company’s market worth is $76.4 billion.
1999
Warren Buffett cautions investors at the height of the internet boom that they are “expecting far too much.”
Buffett believes that too many people expect the big market gains since 1981 will continue for the next 17 years, speaking at Allen & Co’s annual Sun Valley media conference in July.
However, he believes it is unreasonable to expect corporate earnings and the economy to continue to drive bull market expectations.
While he acknowledges that the internet will change the world, he points out that few investors were able to predict the winners of two other transformational technologies at the turn of the century: automobiles and aircraft.
2006
Teams up with the Gates Foundation to give away nearly all of his fortune.
June 2006
Buffett “outsources” much of the work to the Bill and Melinda Gates Foundation rather than go through the hassle and expense of starting his own organization.
“What could be better than going to a few of guys who are young, crazy bright, have proven concepts, and have previously demonstrated the capacity to scale it up and do it right?”
Warren Buffet is married to Astrid Menks
August 30, 2006
Susan Buffett asks a friend to watch after her husband when she moves to California in the 1970s.
Buffett’s partner, Astrid Menks, joins him in his “unconventional” marriage, which his daughter approves of.
“She takes amazing care of him, and he appreciates it, and I appreciate it,” Susan remarks just before her death in 2004.
Buffett and Menks marry in a civil ceremony on Buffett’s 76th birthday.
Achievement in the stock market
For the first time in October, the price of one share of Berkshire Hathaway shares exceeds $100,000.
The company’s market worth is $162.6 billion.
2008
For the New York Times, he writes an op-ed titled “Buy American. I Am.”
The New York Times publishes an op-ed by Warren Buffett titled “Buy American. I Am” during the height of the economic crisis, following the September 15 bankruptcy of Lehman Brothers.
“My purchasing is guided by a simple rule: be frightened when others are greedy, and greedy when others are fearful.” And, without a doubt, dread is now ubiquitous.”
Buffett’s long-term optimism drives Berkshire Hathaway to invest in struggling corporations such as Goldman Sachs and General Electric, resulting in billions of dollars in gains in the years following.
Warren Buffet – 2011
Presidential Medal of Freedom recipient
President Barack Obama describes Warren Buffett as “not just one of the world’s wealthiest individuals, but also one of the most admired and respected” during a White House event.
Obama lauds him for proving that “integrity isn’t just a nice attribute — it’s good for business” and “devoting the great majority of his riches to others throughout the world who are suffering, sick, or in need of assistance.”
Warren Buffet – 2013
Prostate cancer treatment
Buffett announced on April 17 that he had been diagnosed with stage I prostate cancer. “The good news is that my physicians have advised me that my ailment is not even life-threatening or even disabling in any meaningful sense,” he tells shareholders.
Warren Buffett says he’s “so relieved to say that’s over” after finishing two months of daily radiation treatments in September, and quips about his long-held goal of being the world’s oldest man.
Conclusion
Warren Buffett has accumulated a wealth of about $100 billion over the course of his career. He is the world’s third-richest person and the second richest person in the United States. He is one of the greatest investors of all time, with a fortune that would make many people quite wealthy. . Over the years, Mr. Buffett has built a reputation as an expert investor and businessman.