Warren Buffett and His Proven Strategies for Investing Research Paper

Warren Buffett and His Proven Strategies for Investing - Research Paper ExampleA noted philanthropist, he is contributed much of his m iodiny for notable causes via the Gates foundation. Born to a stockbroker turned congressman, he was the second of the three children. From a very new-fangled age, he displayed a keen interest in business and money. With his unique ability to calculate numbers at the top of his head, he impressed many. simply when he was six years old, he bought 6 packs of Coca Cola from his grand mystifys grocery store and sold it for a nickel out of which he made five per cent profit. Although his age of friends played games such as jacks and hopscotch, Warren on the other hand was reservation money. When he was 11 years old, he put his foot in the world of finance. When he was 11 years old, he bought 3 shares of Cities Service preferred. It costed him and his babe $38 per share. Sometime later, the stock fell flat at a rate of $27 per share. Warren became ext remely afraid but he well-worn to remain calm till the stock rebounded to $40. He rapidly sold it, a mistake that he regretted when the Cities Service shot up to $200. This one was one of the most enlightening experiences of his life and he realized one of the key elements of investing- patience is virtue (Kennon) At the age of 17, he graduated from high naturalise although he had no such plans of going to college since he had already made lots of money by going and selling newspapers. Despite all that, his father had other plans for him. He wanted him to attend the Wharton Business tame situated at the University of Pennsylvania. In order to please his father, he stayed for some teachers claiming that he knew more than than his teachers did. In 1948, when Howard was defeated in the Congressional race, Warren came back home and got himself enrolled in the University of Nebraska Lincoln. Apparently, with his dedication and working full time, he graduated in just three years time. Even when it came to graduate studies, he expressed similar resistance initially. After much conviction, he use to the Harvard Business School which was rejected on the basis that he was too young and came out to be the worst admission decision in history. After that, Warren applied to Columbia where he had an encounter with the very eminent investors,Ben grahamand David Dodd. While in Columbia University, he studied under the guidance of the very fabled Ben Graham who became an inspiration to Warren Buffet due to his intelligent investment strategies. This person had a major impact on Warren Buffets life. Ben Graham searched for stocks that were dirt cheap and completely free of risks. He also tried to acquire a job at Grahams fraternity but failed in the beginning. After much ado, he finally got the job and till today, he lavishly praises him for all that he has learnt about stock investment. Graham wrote a book, The intelligent investor which Warren also describes as the great est book written on investment. He also published another book security measures Analysis in which he talked about Intrinsic business value which was completely independent of the stock price. After some time, Graham retired and Warren started his stimulate work whose capital was mainly provided by family and friends. The partnership proved to be very successful and Graham averaged an annual rate return of 23% which was by far leading the market rate (Kennon). Warren Buffet is also celebrated in history for being the most successful investor. He has been referred to as the, The Oracle of Omaha for his amazing investment techniques. In September 2007, he