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Warren Buffett: Investors
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Buffett consistently ranks second on the Forbes 400, and yet he is famously frugal. As a value investor, Buffett has made a career of purchasing a dollar of assets for 50 cents. While it's difficult to purchase a dollar of philanthropy for 50 cents, Buffett is doing his best to economize. Creating and operating a foundation to house, manage, and give away significant sums can be an expensive proposition. You have to rent office space and hire executives, accountants, program officers, and support staff. In its most recent annual survey, the Chronicle of Philanthropy found, for example, that the Rockefeller Foundation last year made $110.5 million in grants and spent $30.5 million—27 percent of that total—on administrative costs.
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Warren Buffett, the man, is just as hard to define as Warren Buffett, the investor. He projects a homespun frugality but one suspects that he plays his personality as close to the chest as he does his investment secrets. He always claims that it is his partner, Charlie Munger, who keeps his feet planted firmly in the ground.
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Warren Edward Buffett (born August 30, 1930, in Omaha, Nebraska) is an American investor, businessman and philanthropist. He is regarded as one of the world's greatest stock market investors, and is the largest shareholder and CEO of Berkshire Hathaway.[3] With an estimated net worth of around US$62 billion,[4] he was ranked by Forbes as the richest person in the world as of March 5, 2008.[5]
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Warren Buffett is the most successful investor in modern history. Often called the "Oracle of Omaha" because of his incredible ability to achieve amazing gains in the stock market, he is the world's wealthiest money manager and investor.
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Buffett's foremost strength was loyalty. He possessed an unyielding faith in his system, and his investors placed great faith in him in return. His admonition "Don't sell B-H stock!" was a watchword never to be taken lightly. His own children disappointed him by selling some of their stock when they could more easily have borrowed against it as collateral. He encouraged his investment partners to hold on to their stakes through good times and bad.
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At 77, Warren E. Buffett, the country’s most famous investor, is in the midst of his hottest streak in almost a decade. And he is capping his run with a flurry of deal-making.
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