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Warren Buffet was born on August 30, 1930 in Omaha, NE
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Warren Buffet at age 11, buys his very first stock.
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Buffett joins his friend Donald Danly to start a company called Wilson Coin Operated Machines. The business buys a pinball machine at a cost of $25 and places it in a nearby barber shop. Buffet was 17 years old.
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Buffet goes to Columbia University and learns from Benjamin Graham.
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Buffett returned to Omaha and on May 1, created Buffett Associates Ltd. Seven family members and friends invest a total of $105k. Buffett invested only $100k.
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Buffett invests $4 million in Walt Disney after a meeting with Walt Disney himself which is almost 5% of the company. Buffett takes full control of Berkshire Hathaway and names Ken Chase to be the CEO.
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Berkshire buys $139 million of Washington Public Power Supply System Bonds, invests in Exxon (Oil) and Northwest Industries (Diversified).
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Buffett is named the top money manager of the 20th century in a survey by the Carson Group, ahead of Peter Lynch and John Templeton.
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Buffett announces in June that he will give away more than 80%, or about $37 billion, of his $44 billion fortune to five foundations in annual gifts of stock, starting July 2006. The largest contribution will go to the Bill and Melinda Gates Foundation.
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As Berkshire continues to accumulate more cash, it’s capital spending will increase and you will no doubt see big deals occur going forward. Buffett has one of the most illustrious investing careers the world has ever seen. The story is not over yet.
