Investor Profile: Warren Buffet early

Warren Buffett was the only son of Howard Buffett and Lelia Stahl. Leila worked as both a clerk and secretary and after her marriage is a housewife and mother. Howard has worked as a stockbroker and spent four terms in Congress as a representative of the United States. It 's been elected "Congress in 1942 with a pledge to keep FDR from" fasten [ing] the chains of political servitude around the neck America. "

He himself has scored an oddball by returning a pay raise to the Treasury and by subjecting each piece of legislation to a simple test: "Will this add, or subtract from, human liberty?". Howard Buffett was an extremely conservative man. While in Washington he belonged to an elite, the John Birch Society, which fought against communism and liberal rebels.

Currently, the John Birch Society is associated with the extreme right of American politics. Warren was very close to his father often following to work. And his father made good use of his presence, employing Warren to write prices and quotes on the board of his investment firm. His close relationship with his father was further encourage but a tense relationship with his mother. Leila was prone to immense anger and violent outbursts.

Warren learned early that it was better to just avoid her. Regardless of their relationship, she seemed to have given birth to a full grown entrepreneur. Warren's childhood is full of anecdotes which exemplify his ability to make money soon.

When Warren was six years he has bought and sold bottles of Cola making an easy 5 cent profit on every six-pack. He continued his affairs expert in Washington DC, where he worked several paper routes. After saving close to $ 1200 and moving back to Omaha he bought and then rented acres of farmland. Other childhood business ventures included pinball machines, horse racing tip sheets and buying and selling stocks.

At age 11 he learned a lesson that would stay with him for years and he often shared with others. Having bought three stock shares which cost him $ 38 has been seen falling stock price at $ 27, and then increase to $ 40. Fearing they may lose all his money he sold his shares and made a small profit of $ 5. With Warren's dismay the stock continue to rise in price and has remained stable at $ 200. He learned the value of being patient and believing in his decisions were solid factors in determining success in investing.

Warren Buffett loved number crunching - his love for math and money combined with the encouragement of all the days of his father, in an environment inspired Warren to attend an investment firm Wharton School of Business. After a disappointing two years he realized that he knew far more than could ever offer courses.

He made the trip home to Omaha and begun classes at the University of Nebraska. Soon after Buffet stumbled upon a text that would change himself and the world of investment forever. Warren read Ben Graham's The Intelligent Investor. Almost instantaneously Buffett was hooked and resigned himself to become a student of Graham.

Fortunately, for the investment world, Harvard Business School has failed to accept Warren and he continued to attend Columbia University where Graham was a professor of business. Graham and Buffett shared similar beliefs regarding investments and soon became friends.

Graham believes that the profit could be made by investing in companies that were below cost or undervalued in the market. In 1954 Graham offered Warren a job for $ 12,000 a year at his studio.

Buffett spent two years learning from his revered teacher acquire skills, confidence, and a net worth of $ 140,000. After Graham retired and his company was closed, Warren once again returned to Omaha to open his own business - Buffett Partnership .......