Warren Buffett success story | inspirational story,2021

 This is not the final result, but a path that is important to everyone.

Today's video is about an 89-year-old man who is not only young at heart, but also unparalleled in business and investment style. Ranked sixth on the Forbes Global Rich List. Mr. Warren Buffett. It turned out to be one of the most inspirational figures in the investment world. He told us his life story. Warren Buffett was born in Omaha in 1937.

 His father worked as a salesperson in a listed company, but unfortunately he was in the Great Depression in 1929. Determined not to give up on starting his own stock brokerage company, where other children like to play Warner Buffet. When he was young, he liked to play with numbers. He was very interested in reading. All these were the joys of him. He said that he had been a businessman since the beginning. Mind, always thinking about trying his luck in a small business, as if he had always prepared something for him when he was seven or eight years old, that would be wrong. For many years, he has been reading "A Thousand Ways to Earn Thousands of Dollars".

One of the thousands of ways Mr. Buffett has attracted is the pinball business that got him thinking about it. He liked the idea very much, so he bought a pinball machine with a friend and put it in the hair salon. His goal is to keep people in line from playing pinball. The strategy worked. He began to profit from his small business. He reinvested these profits by buying more pinball machines and placing them in the barbershop in town.

After a while, he sold his profitable company for $1,200; he was only seven or eight years old, and he always had the ability to become an excellent businessman. Little by little, he started to do some small businesses, such as distributing chewing gum newspapers, magazines, doors or doors, and found satisfaction and happiness in running such a small business. Although his family was financially stable, he had no obligations when he was young. this way.

 

This 14-year-old young man bought his first 40 acres of land with the money he saved from all the transactions he made when he was a teenager when he graduated from college. He had a $9,800 fund in his savings. His father called it a fireball, it must be. Because of his character: He started a company at such a young age, and his father trusted him very much. Buffett got insightful guidance and wisdom from him. His father believed that his father was the credit of his success. He applied for a master's degree from Harvard University. He was rejected when he was looking at different universities and reading the professor's information.

He learned that Mr. Benjamin Graham and Mr. David taught dogs at Columbia University. Buffett has already read the book they said, the title is "Security Analysis", he got a lot of inspiration from this book, he wants to know more about Mr. Graham and Mr. Dog's investment. He entered Columbia University. He is also known as the father of value investing. He learned the same thing from Professor Graham Wallenbrough. He applied to Graham Graham Newman and was rejected two years later. Professor Graham provided Warren with two years of self-service work in his junior company.

As a security analyst for Graham Newman, when Benjamin Graham retired in 1956, he worked for the company while improving his ability to invest in value, and he returned to his hometown in cooperation with him. He accumulated experience and opened a company in his hometown. He learned from the cooperation with the professor, and the experience he gained brought him huge profits, and he became a billionaire in a short time with huge profits, because the value of his information investment means buying undervalued stocks, which means Buy stocks at a lower price as their intrinsic value.

 The intrinsic value is used by Professor Benjamin Graham to study the company’s financial statements to determine the true value of the company’s intrinsic value. It often happens that the price of a company's stock is lower than its intrinsic value, which we call undervaluation. Investing in stock value is a way to get results. Warren Buffett first bought Berkshire Hathaway shares in 1962 and bought them with the same philosophy. The story of Berkshire Hathaway and MRWARREN in 1962 is very interesting. Berkshire Hathaway is a thriving textile company.