Warren Buffett is not just the normal billionaire. He is the third wealthiest person in the world currently with a wealth of about $87 billion. The billionaire, who turns 87 this year, is the CEO of Berkshire Hathaway public company which he joined in the 1960s. The company has been the source of his wealth.
He has managed to make a decision which has largely influenced the company’s development. His knowledge about the right investments is impeccable. He can tell a good business opportunity and determine its value. Warren Buffett does not just spend money on all impressive opportunities. An investment opportunity must also come at the right price.
His knowledge on stock investments has also proved precise over the years; and Warren Buffet investments in stock markets started at a very tender age. By the time he was 13 years old, he was trading the stock market and even paying taxes from his income.
Commonly known as the Oracle of Omaha, Warren Buffett was born in Omaha, Nebraska by a father who was s stockbroker. While he was growing up, he developed a keen interest in the stock markets. He would spend time asking questions about the stock market.
Young Warren Buffet bought his first stock at the age of 11. He bought them at $38 and later sold them at $40. Warren Buffet who enrolled at the university at the age of 16 continued to explore the stock market trying to perfect his skills. As a teenager, he had so much money that had refused to attend the University of Pennsylvania. Even after being pushed by his father to accept the offer, he just went there for two years and came back to complete his business course at the University of Nebraska.
Warren Buffett’s passion was to establish a business in Omaha. He finally got the opportunity in 1960 when he took over the management of Berkshire Hathaway.