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Warren Buffett: Investors
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BURBANK, Calif., Feb. 8 /PRNewswire/ -- DIC Entertainment (DIC) and legendary investor, Warren Buffett, have joined forces to create an all-new, direct-to-DVD animated series, "The Secret Millionaire's Club," which will promote financial literacy to kids. The announcement was made today by Andy Heyward, Chairman & CEO, DIC Entertainment.
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On June 26, 2006, U.S. investor Warren Buffett announced he would start giving his Berkshire Hathaway fortune to philanthropic causes. The links below provide more information about his pledge and the hope and resources it will bring for improving the lives of people around the world.
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Warren Buffett was born in Nebraska, Omaha USA on the 30th of August in 1930. He is one of the worlds richest men, with a fortune that is only surpassed by Bill Gates of Microsoft fame. He is considered one of the most successful investors of all time and has picked up the nickname of the "Oracle of Omaha".
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As often as not, Buffett's business instincts become conventional wisdom. Consider Coca-Cola Co. In 1988, when Buffett started buying the global soft-drink giant, it was a Wall Street wallflower, trading at $10.96. But Buffett saw two things that were not reflected in the balance sheet: the world's strongest brand name and untapped sales potential overseas. As Coca-Cola's earnings grew, so did investor interest. In less than five years, the stock soared to $74.50. Buffett's current stake is valued at some $13 billion.
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Buffett entered the Wharton School of Business at the University of Pennsylvania in 1947 and, after two years, determined that the instructors knew less about finance than he did. He returned to Omaha and finished undergraduate work at the University of Nebraska. Buffett then applied to Harvard graduate school but was denied admission. In the meantime, he had read what was to become a classic, The Intelligent Investor, by Benjamin Graham. Graham taught at Columbia University, and Buffett determined to go there to study; he soon became a Graham disciple. Graham believed that profits could be generated through ownership of stocks that were undervalued on the market.
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American investor Warren Buffett is handing 85% of the proceeds of his lifetime of canny investment to charity. Most of it, about $31bn, will go to the Gates Foundation to help alleviate disease, illiteracy and malnutrition.
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