Warren Buffet is a big name in
the investment world. After Bill Gates, he is the second richest man in the
world. In 1957 he started his own investment partnership, with his own and
borrowed capital from friends. He gave the returns of huge return of thirty
percent annually where the return of 7% to 11% was normal. The techniques and
methodologies used by Warren Buffet are on the top and any publication
written and sponsored by him is worth reading to get an insight into the
subject.
Warren Buffet has his
education from the University of Nebraska and has done his Master’s in
Economics from Columbia Business School. He was born at Omaha at Nebraska. His father was a stockbroker and a member of the Congress. He has invested in
Berkshire Hathaway as a managing partner of the Buffett Partnership. He also invested
in New Bedford Textile Company. The company was finally liquidated. It was
turned into an insurance business. However, the name of the company was
retained and serves as a useful way to meet the cash needs of other
investments. Success of Warren Buffet can be gauged from the fact that
during 2003 he owned forty companies and had 150, 000 employees working under
him.
Companies that
are undervalued mostly attract Warren Buffet. These companies when
revamped have huge potential for development and bring good profits. However,
to identify and then buying these undervalued companies is a big challenge. Warren
Buffet never invested in technology companies as he avoids investments at
places that are least understood to him. He also owns two Insurance companies
that give flow to money when new investments are made. Geico and General Re are
his money sources to the subsidiaries of Berkshire Hathaway.
Warren Buffet is known for his
inclination towards Democratic Party and was announced as an economic adviser
to John Kerry. He also condemns the tax policies of George Bush that he says
fall heavy on the middle class strata of society. Warren Buffet is a
successful name in the investment world and any book or publication by him is
worth reading.
