Warren Buffett is the chief executive officer of Berkshire Hathaway, an investment firm he has a 17 percent interest in. Warren’s interest in this company began in 1962, at the young age of 32 years old. Buffett bought cheap stocks in his “buy and sell” philosophy, not his “buy and hold” method of buying stocks.
Warren Buffett Started his Career Buying Cheap Stocks
In 1962, Warren Buffett bought low-priced stocks from a poorly run business. By buying these stocks at very low prices, he could produce a profitable investment. Warren Buffett builds up his reputation for making money in the stock market because he bought the stocks at a low enough price, that even the company failed, he would still reap a sizable profit.
Warren Buffett Buys Stock In Hillshire Hathaway in 1962
Warren Buffet bought stock in Berkshire Hathaway in 1962 at $7.50 a share. Currently, William Buffett’s Class A stock in Berkshire Hathaway is trading at $298.710 dollars a share and Buffet’s total net worth is $85.6 billion dollars currently.
Warren Buffett’s Life Today
Warren Buffett is now approaching his mid-eighties with no slowing down in sight. He continues as the CEO of Brookshire Hathaway. He is now the second wealthiest person in the United States. Warren’s lifestyle is a conservative lifestyle, with modest tastes. Warren lives in the same home he purchased years ago in the middle thirty thousand dollars range. He drives a 2014 Cadillac DTS, which he only bought because his daughter Susie, said it was embarrassing for him to drive a ten-year-old car. His daily breakfast averages less than $5.00 dollars a day. He also plans on giving away at least half of his wealth before he dies. Warren Buffett today is very much alive and shows no signs of slowing down.