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On August 30 1930 Warren Buffet was born in Ohmaha Nebraska.
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At the age of 11. He bought 6 shares in CITGO. It was 38$ per share. Three of his shares went to his sister Doris.
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In 1947, Warren Buffet partners with Donald Danly to create their first business. There business operates buy buying a pinball machine and setting it up in a barber shop, making a profit of 50$ a week for both Warren and Donald.
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Warren's total savings reach $9800. During his years at Colombia he learns from a business professer Benjamin Graham, who is a well renowed economist and professional investor.
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At the age of 26 Warren moved back to his hometown and created his first investment company Buffet Associates LTD. This company had a total of 5 partnerships. Warren's total savings had accumulated to a total of $140,000
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By the age of 31 Warren is managing seven partnerships for Buffet Associates LTD worth millions. The partnerships include Buffett Associates, Buffett Fund, Dacee, Emdee, Glenoff, Mo-Buff, and Underwood.
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With his partnerships worth more than $7.2 million Warren decides to merge them altogether to create Buffet Partnerships LTD.
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Warren Buffets buys cheap stocks in companies that were at the moment going through rough times. He would buy numerous amounts of stocks to gain a percentage of the companies
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Warren decides to close the partnership window for the BPL, the only execepton to additional partners were if they could significantly increase company value.
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With the growth in the companies that Warren owned multiple shares in he made a large return for his investment company. His company with partnerships were worth $104 million
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Berkshire Hathaway a company in which Warren Buffet owns more than half of buys shares in, The New York Times
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With falling stock market prices the Berkshire's company value starts to drop, so Warren decides to merge it with Diversified owned by Mungar
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Berkshire invests $4 million to buy stockes from GEICO, due to its low $2 per share.
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Berksire under direction of Warren Buffet succesfully acquire GEICO
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Warren Continued to dominate the stock market and increase his wealth. To this day he is a part of numerous successful companies and has earned his tite as being one of the most wealthiest men alive.
