Discussion Question Unit (6) – Warren Buffet

A wealthy person who has become successful through investing strategies is well known business man Warren Buffet.  With the net worth of $53.5 billion as of March 2013, he is the second wealthiest man in America and the fourth wealthiest person in the world. Warren Buffet was born on August 30th, 1930, in Omaha, Nebraska.  In 1947, he graduated high school at age 17 and enrolled into Wharton Business School at the University of Pennsylvania. After only two years, Warren transferred to the University of Nebraska-Lincoln. Aside from being a university student, he also worked full time and still managed to graduate in only 3 years.  Buffet made his first investment at age 11, and was running a small business at age 13 as a paperboy selling his own horseracing tip sheet.  Also delivering newspapers, he then saved a portion of his profit to purchase several pin ball machines which turned into a great success. Warren saved his childhood earnings and formed his first business, the Buffet Partnership. He uses a strategy called value investing, looking for securities with prices that are low based on their essential worth and then analyzes a company and seeks high-quality products that are underpriced.  “You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.” – Warren Buffet. I believe this quote is to let people know anyone can become successful through investing strategies with a little hard work and smart decisions.

http://beginnersinvest.about.com/cs/warrenbuffett/a/aawarrenbio_2.htm

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