Skip to main content

The Wonderful Success Story of Warren Buffett




Warren Buffett
Warren Buffett (Picture credit: freeimage4life from flickr
Welcome to Youth Motivator. I would like to tell you the journey of a common man who used to sell newspapers and coke bottles to becoming the world’s fourth richest man.
His life story provides us with a very good knowledge on topics related to wealth, investment, finance, etc.
In the year 2103 itself, Warren Buffett earned more than 37 million dollars per day.
He is the most successful investor ever.
This article is the biography of Warren Buffett.

Introduction-

Warren Edward Buffett was born on August 30, 1930 in Omaha, Nebraska, US.
In his school days, he used to sell newspapers of The Washington Post and stamps from home to home.
He also used to work in his grandfather’s grocery shop. He started working at an age when one would only play.
Warren Buffett saved all his earnings with which he purchased an old pinball machine.
He placed this pinball machine in a crowded place. By this intelligent thought, he earned a handsome profit.

Being self-confident-

From his childhood, he strongly believed in himself that he will definitely become rich. He never doubted this thought even for a single minute.
He even challenged his friends, that if he would not become a rich person by the age of 30 years, he will commit suicide by jumping off a tall building.

Taking high risk at just 11 years-

Warren Buffett was greatly inspired by a book by name The Intelligent Investor, authored by Benjamin Graham. He thoroughly read the entire book in his small age.        
This book is one of the best sellers even to this date.
The Intelligent Investor book greatly influenced Warren to invest in the stock market.
Warren Buffett invested his hard-earned money in the high-risk stock market. At this time, his age was just 11 years.
He later sold that share for a little profit.

The biggest lesson in his life-

But Warren Buffett was shocked to learn that the value of the share which he sold increased by over 500 times within a span of few days.
So, then he learnt the biggest lesson in his life. That in order to get success in the stock market one needs to be very patient.
 One must also be very calm and must not get disturbed by looking at the ups and downs of the stock market.

Becoming rich at a young age-

He paid his first income tax at the age of 14 years, which explains the earnings of Warren Buffett.
He made 53,000 dollars by the age of 16.
Many lack basic financial knowledge even at the age of 20 years, so one must get inspired by Buffet and invest some of his time in gaining financial knowledge.

Whatever happens, happens for a reason-

Warren Buffett applied to Harvard University at the age of 19 years. But the University rejected his application citing his small age.
So, he joined the Columbia University, by knowing that his role model Benjamin was working as a professor in that University.
In his college days, Warren Buffett used to earn 176 dollars each day. He used to earn much more than his professors.

His best decision ever-

In the year 1962, he bought a majority of shares in a textile company by name, Berkshire Hathaway.
Warren Buffett bought that company for 1000 dollars.
During those times, this company was making huge losses.
At the time when he bought shares in that company, each share costed around 7 dollars. Now, its single share value got increased to 3, 05,480 US dollars.
The shares of Berkshire Hathaway Company are one of the most valuable shares in the stock market because the company shares have not been splitted.
Now, Warren Buffett works as the CEO of Berkshire Hathaway.

Investing in giants-

He also has shares in many major giants like IBM, Phillips, Gillette, Coca-Cola, The Washington Post, etc.
After his success, many used to buy shares in the company in which he used to invest. By this, the share value of that company used to skyrocket.
At those times, many companies which were facing losses used to plead Warren Buffett to save them, by investing in them.

Becoming the world’s richest person-

Warren Buffett became the world’s richest person in the year 2008.
He dethroned Bill Gates from the title of the richest person. Bill Gates was continually the richest person in the world for 13 long years.
Another important thing to be noted is that, he earned 99 per cent of his wealth after his fifty years of age.
Currently his total net worth is 89.9 billion dollars.

Symbol of simplicity-

Warren Buffett is also known for leading a very simple life.
He does not believe in showing off his wealth. He still lives in the same house, which he bought in the year 1958. His house has no compound (peripheral) walls and even no security.
Also Warren Buffett travels in a second hand car. He himself drives his car; he did not employ a driver.
This explains his down-to-earth nature.
Warren Buffett is also the owner of a big aeroplane company by name NetJets.
Even then, he never used a plane for his personal purposes.
Warren Buffett rarely e-mails. He only e-mailed once to Microsoft Company.

Befriending Bill Gates-

When the Bill Gates first met Warren Buffett, he thought him as just an ordinary person and appointed him just half-an-hour of his time.
But later, he realised the value of Warren Buffett by observing his way of speaking, his knowledge and simplicity. This appointment meeting extended from half-an-hour to a staggering ten hours.
After this meeting, Bill Gates became a big devote of Warren Buffett.
Even to this date, they are continuing their friendship.

Very kind-hearted-

Apart from being a multi-billionaire, he is also a good-hearted person as he pledged to donate 99 per cent of his wealth to non-profit organisations.
Warren Buffett donated 44 billion dollars to the Bill & Melinda Gates Foundation, run by Bill Gates.
He also organises charity lunches. To lunch with him, one needs to participate in an auction. All the money made here is donated to a poverty fighting organisation by name glide.org.
He touches the lives of many people in more than one positive way.

Role model of Barack Obama-

He is the role model of Barack Obama and Warren Buffett is the role model to millions of people all around the world.

He also teaches us many lessons-

Instead of repeatedly repairing the holes in a ship, it is much better to buy a new ship-

It means if your business in continuously making losses, even despite your best efforts. It serves you better to change your business.

Be patient-

He says that one must not take business decisions in haste or must not make emotional decisions in business.
Be patient enough to do a good research and only after performing exhaustive research make investments in a company.

Learn where to invest-

Instead of investing in a product which you like, it would be much better to invest in a company which is run by efficient leaders and management.
Because success lies in the hands of the top-management.
Inefficient management make a worthy product worthless whereas effective leadership will turn an unworthy product into a valuable product.

Invest in right things at the right time-

To get success, invest in good opportunities as early as possible because in such cases sooner is always better than delay.
So, you must make the right decisions in your life, as early as possible.

Have a long term vision-

By having a long term vision, you will gain much more.
Invest your valuable time and money by keeping in mind the long term approach.
Also, compound interest comes into play on making long term investments.

The best investment is very inexpensive and accessible to all-

Yes, you read it right. The best investment one can make is to improve his knowledge.
The reason for his massive success can be attributed to his skill of making investments in sound companies.
He ascribes his knowledge to his habit of reading. He invests 80 per cent of his daily time to read books.
He completes nearly 500 pages in a book on a daily basis.
So, you can attain success and satisfaction in life by reading good blogs, books, etc.

Spend time with people who are better than you-

If one wants to grow in life, he or she must hangout with people who are better than them, as by doing so one can gain from their immense knowledge and experience.
In the initial stages, this thought made him to meet Bill Gates.
So, it is much better to work under more successful people than to become a boss of less successful people.
Even after earning billions of dollars, his way of living a very simple life is inspiration to many.

Thank you very much for reading. Please visit my blog and share the content, follow this blog as I will be updating my blog on a very regular basis with interesting information. And also, subscribe to my blog.
Feedback from readers is highly appreciated; it helps me to deliver better results to you.

Once again thank you for your time

Comments

Popular posts from this blog

The Splendid Spiritual Saga of Sadhguru

Welcome to Youth Motivator. I would like to tell you the interesting story of Jaggi Vasudev and how Jaggi Vasudev became Sadhguru. This article will help you to cultivate a feeling of spirituality and provide you with spiritual motivation. Sadhguru is an Indian mystic, yogi, philanthropist and author.
This article is the biography of Sadhguru. Introduction -Jaggi Vasudev (Sadhguru) was born on 3 September 1957 in Mysore, Karnataka, India. Until the age of 19 years, Sadhguru did not spoke much and was very silent. Sadhguru did not spoke much because he realised that he didn’t know about anything. He realised this when he was 4 years old. Paying the complete attention -Sadhguru spent most part of his childhood paying attention to whatever he encountered. If he saw a glass of water, he used to stare at it for hours and during night he used to gaze at the darkness for the whole night. And when Sadhguru opened a book to read, he would immerse himself in focussing on a small tiny dot on a page for…

The Success Story of Ola Cabs-The Startup which Became One of the Fastest Achievers of the Unicorn Status

Welcome to Youth Motivator. I would like to tell you the success story of Ola Cabs. Unicorn status means achieving one billion dollar valuation by a privately held startup. Ola Cabs is one of the fastest achievers of the unicorn status in India. Ola Cabs is also the India’s first taxi aggregator company. This is the interesting case study of Ola Cabs.
This article is also the biography of Bhavish Aggarwal. Introduction-Ola Cabs was co-founded by Bhavish Aggarwal and Ankit Bhati, the alumni of IIT (Indian Institute of Technology) Bombay. Bhavish Aggarwal completed computer science and engineering in 2008 from the prestigious IIT. He started his career in the Microsoft Research centre. Bhavish Aggarwal studied in an IIT, where the spirit of entrepreneurship is induced by regular seminars on topics like entrepreneurship and business. By listening to these speeches, Bhavish Aggarwal decided in his college days that, one day he will definitely become an entrepreneur and stand on his own feet. The s…

The Success Story of PUBG- The World's Most Popular Battle Royale Game

Welcome to Youth Motivator. I would like to tell you the success story of PUBG. PUBG is also known as PlayerUnknown's Battlegrounds. Let us know how a passionate photographer is the reason for the popularity of PUBG. This game has become so popular, so much that you can observe many people playing PUBG on their mobile phones, personal computers, laptops and gaming consoles. The current generation of young people daily spend at least some amount of their time for playing this game. Even some people have become addicted to this game. Let us also know how PUBG was very effectively marketed on a low budget, which is the main reason for the success of the PUBG game. Let us learn how the company which created this game is earning billions of dollars through this game.
This article is also the biography of Brendan Greene. Introduction-Brendan Greene, an Irish national is the creator of the PUBG game. Brendan Greene graduated in fine arts and later went on to become a web designer. He also learne…

Becoming the World's Most Valuable Start-up- The Story of ByteDance (The Owner of TikTok)

Welcome to Youth Motivator. I would like to tell you the success story of a very popular and controversial application, TikTok. Let us know how the company which offers TikTok has been valuated at a whopping 75 billion dollars. TikTok is a very popular social video app; more than 500 million youngsters use this app for creating and sharing short-duration videos. TikTok has been one of the most downloaded apps on the Google Play and App Store. By reading this post you will get to know very interesting facts and will gain insights on how this app grew so rapidly worldwide.
This article is also the biography of Alex Zhu and Luyu Yang. The start-TikTok was initially started as an educational project. In the year 2014, two friends namely, Alex Zhu and Luyu Yang decided to develop an educational app. These two friends observed that at those times the educational videos were too lengthy. So, an idea sparked in their minds that they will produce short educational videos which would range in between 3 …

The Success Story of Elon Musk- The Most Revolutionary Risk-taking Entrepreneur Ever

Hello, welcome to Youth Motivator. Today, I would like to share with you the very inspirational story of Elon Musk.
This article is the biography of Elon Musk. The biggest risk in our lives- Do you know who are under severe risk? The people who don’t take any risk in their lives and don’t leave their comfort zones. All the great people took risks in some part of their lives to attain great success. Introduction- I am going to tell you about a famous personality who is a life-long risk taker. Yes, he is Elon Musk, the legend who is changing the world and one of the few peoples on earth who has potential to change the world. Elon Reeve Musk was born on June 28, 1971 in Pretoria, Transvaal, South Africa. His parents got divorced when he was just 10 years. He used to live with his father after the divorce. Since his childhood, Elon Musk showed great interest in science and computers. Creative since childhood- He learnt computer programming and coding on his own, when Elon Musk was a kid. He…

The Very Motivational Story of Cristiano Ronaldo

Welcome to Youth Motivator. I would like to tell you about the world’s favourite footballer Cristiano Ronaldo.
This article is the biography of Cristiano Ronaldo. Introduction-Cristiano Ronaldo dos Santos Aveiro was born on 5 February 1985 in Funchal, Madeira, Portugal in a very poor family. Because of the poverty, they used to daily face struggles. His father,José used to work as a gardener and as a kit man in a football club, on a very low pay. His job as a kit man was to supply kits to the football players and clean their rooms. José was very sad because he had not achieved anything meaningful in his life and he cannot properly feed his children because of poverty, so he became an alcoholic. Even though he was an alcoholic, he took good care of Ronaldo. The football game was introduced to Ronaldo by his father. Since, his childhood Cristiano Ronaldo did not show much interest in education but had a great passion for football. And he used to play football really well. Making his own footbal…

The Inspiring Story of OYO- On the Path of Becoming the World’s Largest Hotel Chain

Hello, welcome to Youth Motivator, here I would like to tell you the success story of Ritesh Agarwal and his start-up OYO.
This article is also the biography of Ritesh Agarwal. Introduction Ritesh Agarwal is the founder and CEO of OYO. He is of 25 years. He was born in Bishama Katek, Orissa, India in the year 1993. Now OYO has around 450,000 rooms, in several countries like India, China, United Kingdom, Japan, UAE, etc. OYO is already the Asia’s largest hotel chain with around 90 per cent occupancy rate. Today, the net worth of Ritesh is 37,36,72,000 USD. How all of this started? From his childhood Ritesh wanted to become an entrepreneur. He got to know about the term entrepreneur from his elder sister, who once attended the entrepreneurship fest in an engineering college. He did not know the meaning of entrepreneur, so he looked for this word in Oxford Dictionary and found that an entrepreneur is somebody who solves a problem and makes a business along with it. Ritesh was so captured…

The Inspiring Story of Xiaomi (Mi)- A Very Successful Start-up

Welcome to Youth Motivator. I would like to tell you the success story of Xiaomi. This start-up company became the world’s fourth largest smartphone manufacturer within just eight years of entering the smartphone market. Xiaomi is a Chinese tech giant, headquartered in Haidian District,Beijing, China. Introduction-About the founder-Lei Jun was born on 16 December 1969 in Xiantao, China. He attended Wuhan University. In in the year 1992, he started his career as an engineer in Kingsoft. Lei Jun was so capable, that in the year 1998 he became the CEO of Kingsoft. So, it took him just six years to become the CEO. And in the year 2000, Lei Jun founded Joyo.com, an online book store. This initiative by Lei Jun was very successful and in the year 2004, he sold Joyo.com to Amazon.com for 75 million US dollars. After tasting this success, Lei Jun decided to do something bigger. The story of Xiaomi-On 6th April 2010, Lei Jun along with a team of 7 members founded Xiaomi Company with an initial investment…

The Inspiring Story of Dhirubhai Ambani – A Must Read for Every Entrepreneur

Welcome to Youth Motivator. I would like to tell you the success story of Dhirubhai Ambani which proves that where there is a will, there is a way. This is a must read for everyone, as this story is filled with motivation.
This article is the biography of Dhirubhai Ambani. Ambani became one of the greatest businessmen who redefined the meaning of the business despite lacking financial support, family background and education from the prestigious business schools. He achieved great heights with his indomitable will-power and dedication. Ambani is the founder of the Reliance Industries Limited, one of the world’s largestmultinational conglomerate companies. Now, the total assets of the Reliance Industries Limited are more than US$140 billion. Before starting Reliance Industries Limited, Ambani did several jobs. Introduction-Dhirajlal Hirachand Ambani (Dhirubhai Ambani) was born on 28 December 1932 to Hirachand Gordhanbhai Ambani and Jamnaben Ambani in Chorwad, Junagadh district, Gujarat in a p…

Compilation of Incredible and Less known facts about Google

Welcome to Youth Motivator. Almost everyone in the world uses Google daily and then you must be interested to know the less known amazing facts about Google.


·For mowing its lawns, Google employs  around 200 goats to graze at its Mountain View headquarters in California, thus reducing environmental impact of using lawn mowers.

· ·Google’s founders Larry Page and Sergey Brin can land their private planes on NASA’s runway; they are the only ones to get this permission. ·To increase its marketing revenue, Google purchased all the domain names which look similar to that of Google like Googler.com. So, if anyone by mistake types Googler.com, they will be directed to Google.com. ·The name of their search engine initially was BackRub. But the Google founders due to their interest in mathematics renamed it to googol (the number 10 raised to the power 100 written out as the numeral 1 followed by 100 zeros). But due to the domain name being unavailable, they named it as Google in 1997 and google.co…