Friday, January 23, 2009
Wealth Against Warren Buffett Age...
According to Forbes.com "Warren Buffett" America's most beloved investor is now the World's Richest Man during the first half of 2008, with an estimated net worth of $62.0 billion, soared past friend and bridge partner Bill Gates.
His license plate reads “THRIFTY” and his prize possession a 2001 Lincoln Town Car Signature Series. Regardless, Buffett prefers the Lincoln’s wide bench seats and will take an American Town Car over a Cadillac or Lexus any day.
Warren Buffett was born in Omaha, Nebraska on 30th August 1930, to Leila and Howard Buffett, a local stockbroker. One of his influential mentors was Benjamin Graham. Graham’s philosophy had such an impact on Buffett that he enrolled in Columbia Business School to study directly under him. In Buffett’s own words: “I’m 15 percent Fisher and 85 percent Benjamin Graham.” As Buffett often would say about Graham’s teachings: “The basic ideas of investing are to look at stocks as business, use the market's fluctuations to your advantage, and seek a margin of safety. That’s what Ben Graham taught us. A hundred years from now they will still be the cornerstones of investing.”
Buffett has described himself as agnostic when it comes to religious beliefs. In December 2006 it was reported that Mr. Buffett does not carry a cell phone, does not have a computer at his desk, and drives his own automobile, a Cadillac DTS. In 2007, he auctioned a luncheon with himself that raised a final bid of $650,100 for a charity. Buffett's DNA report revealed that his paternal ancestors hail from northern Scandinavia, while his maternal ancestors most likely have roots in Iberia or Estonia. Despite widespread suggestions to the contrary, and the casual friendship which has developed between their families.