AKA Warren Edward Buffett
Born: 30-Aug-1930
Birthplace: Omaha, NE
Gender: Male
Religion: Agnostic
Race or Ethnicity: White
Sexual orientation: Straight
Occupation: Business
Nationality: United States
Executive summary: Billionaire in Omaha
Warren Buffett’s father, Howard Buffett, was a stockbroker, a Republican, and a U.S. Congressman who consistently spoke and voted against what he called President Roosevelt’s “big government” plans. The elder Buffett adamantly opposed U.S. membership in the United Nations, and is now remembered as almost a “pure Libertarian”. The younger Buffett is a self-made billionaire, a Democrat, and an outspoken advocate of corporate integrity who seems to practice what he preaches.
Warren Buffett always found numbers fascinating, and bought his first stocks at age 11 — three shares in Cities Service Company, now known as CITGO. He also sold soda pop door-to-door, had a paper route, and saved enough from those earnings to buy 40 acres in Nebraska at age 14. Then he made more money renting the land. By the time he’d finished college, Buffett was investing everything he earned that he didn’t need for food or housing. His early strategy was to buy stocks he thought would outperform the Dow Jones average by at least 10% annually, and they always did. This has since evolved into an investment pattern: Buffett focuses on well-established but under-performing companies, and often holds his stock for years or decades.
In the mid-1960s, Buffett took control of Berkshire Hathaway, which until that time had been a textile mill in New Bedford, Massachusetts..
SNIP
Buffett is believed to be the second or third wealthiest man in the world, and still lives in the house he bought for $31,000 in 1958. “It’s dumb”, says Buffett, “to let possessions rule you”. He’s said his children won’t inherit any great wealth when he dies. “There’s no reason why future generations of little Buffetts should command society just because they came from the right womb. Where’s the justice in that?”
Both Buffett and his wife have stipulated that upon their deaths, the lion’s share of their wealth will go to the Buffett Foundation. The foundation provides scholarships for Nebraska kids who want to attend Nebraska colleges, but its largest donations go to reproductive rights and family planning groups. Buffett strongly supports abortion rights.
He drinks 12-15 cans of Coke daily. He provided the voice of James Madison for Liberty’s Kids, a PBS cartoon set during the Revolutionary War. Buffett is California Governor Arnold Schwarzenegger’s economic advisor and long-time friend.
One other note;He played a kind of modern JP Morgan back in 1991 at Solomon Brothers,when he took over their government bond trading operation.Solly had been accused of attempting to corner the mkt. in gov’t bonds,and Buffett,who had a stake in the company,assumed the chair of the Board,and fired traders and managers.