Warren Buffet

By ItsKyle101

  • The Begining- Age 6

    The Begining- Age 6
    Buffett started selling Juicy Fruit chewing gum packs. When asked for 1 piece, he would not sell as he thought he may be left with 4 pieces he could not sell. He made 2 cents profit per pack.

  • First stock experience- Age 11

    First stock experience- Age 11
    At 11 years old, Buffett buys his first stock – 6 shares of Cities Service (now known as CITGO – an Oil company) at $38 per share. He bought 3 for himself and 3 for his sister Doris.

  • University- Age 19 to 24

    University- Age 19 to 24
    He joins Columbia University and learns from Benjamin Graham. He was willing to work for Benjamin Graham, even for free, but was not offered a job.

  • The Partnerships- age 31

    The Partnerships- age 31
    Buffett is running seven partnerships by 1961; Buffett Associates, Buffett Fund, Dacee, Emdee, Glenoff, Mo-Buff, and Underwood. The partnerships are worth a few million and Buffett made his first million dollar investment in Dempster – a windmill manufacturing company.

  • The Disney purchase- age 35

    The Disney purchase- age 35
    Buffett invests $4 million in Walt Disney after a meeting with Walt Disney himself which is almost 5% of the company. Buffett takes full control of Berkshire Hathaway and names Ken Chase to be the CEO.

  • A swift recovery- age 37

    A swift recovery- age 37
    Buffett Partnership now owns 59.5% of Berkshire Hathaway. Berkshire Hathaway pays a 10 cent dividend. This is the first and only dividend it has paid ever.

  • The expansion- Age 38

    The expansion- Age 38
    Partnership is worth $104 million.

  • The fall- age 40

    The fall- age 40
    The Buffett Partnership is completely dissolved and divested of its assets.

  • A jump forward- age 71

    A jump forward- age 71
    The acquisitions and purchases continue to increase. Berkshire acquires Johns Manville Corp (building products), MiTek, a provider of steel connector products, design engineering software and ancillary services for the global building components market. Berkshire goes on to acquire XTRA Corporation (transport containers), H&R Block (Financial Services) and Moody’s Corporation (Financial Services). Insurance claims from the 9/11 terrorist attack total $2.28 billion.

  • 2014 and beyond

    2014 and beyond
    As Berkshire continues to accumulate more cash, it’s capital spending will increase and you will no doubt see big deals occur going forward. Buffett has one of the most illustrious investing careers the world has ever seen. The story is not over yet.