Download Warren Buffett

Warren Buffett
Illustrated Timeline
By: Rachel Ostrom
August 30, 1930
• Warren Buffett was born
to Howard and Leila
Buffett
• Born in Omaha,
Nebraska
1941
• 11 years old
• Warren bought his 1st stock
▫ 6 Cities Service stock
▫ Half sister/half himself
1945
• 14 Yrs old
• Has job delivering
Washington Post-$175
p/month
• Invested $1,200 of
savings to 40 acres of
farmland
1947
• Senior in H.S.
• Warren had invested $5,000 delivering
• Warren’s dad told him to enroll in
college/finance
• Went to Wharton School of Finance and
Commerce in Pennsylvania-hated it
• “Smarter than the professors”
1949
• Warren transferred
from Wharton to
the University of
Nebraska
• Graduated from
college in 3 years
and taking 3
summer classes
• His savings
reached $9,800
1950
• Applied for Harvard
Buisness School,
turned down
• Enrolls at Colombia
▫ Ben Graham &
David Doddsecurity analysts are
professors
1951
• First time got
interested in GEICO
insurance company
• Graduated/wants
work on Wall Street
▫ Father and Graham
say “no”
• Offers work for
Graham for freedenied
1951 (cont.)
• Returned home started
dating Susan Thompson
• Purchased Texaco
Station-investmentfailed
• Started working as a
stock broker
1951 (cont)
• 21 years old
• Took Dale Carnegie public speaking course
• Began teaching a night class at the University of
Nebraska, "Investment Principles"
1952
• April
▫ Warren and Susan
marry
• Live in $65
apartment
• Have 1st child, Susie
1954
• Ben Graham offers
Warren a job at his
partnership
• Buffett's starting salary
was $12,000 a year
1956
• Graham retires,
partnership ends
• Warren’s personal
savings over $140,000
• Warren and family
return to Omaha
1956
• May 1st- Warren created
Buffett Associates, Ltd.
• Only invested $100
• Opened two other
partnerships
1957
• Adds two more
partnerships-managing 5
• Susan is expecting third
child
• Bought bigger home$31,500
1961
• Partnerships worth
millions
• Made 1st $1 million
dollar investment in
windmill manufacturing
company
1962
• Buffett merges all of the partnerships into one
known simply as Buffett Partnerships, Ltd
• Operations are moved to Kiewit plaza
• Started buying Berkshire Hathaway stock-textile
manufacturing firm-profitable
1964
• Buffett bought
masses of American
Express shares since
they dropped
1965
• Warren’s father died
• Invested $4 million
towards Walt Disney Co.
• American Express shares
doubled
1967
• Warren Buffett was worth more than $10 million
• Buffett’s partnerships were worth more than $65
million
1969
• 39 Yrs. Old
• Buffett closes the partnership and
liquidates its assets to his partners
• Buffett closes the partnership and
liquidates its assets to his partners
1970
• Buffett’s Partnership is
dissolved
• Owns 29% of Berkshire
Hathaway
1974
• Berkshire’s stock began
falling
• Personal wealth cut 50%
1977
• Susan leaves Warrenheartbroken
1979
• Berkshire trades at $290 per
share
• Warren's personal fortune is
$140 million
1981
• Munger and Buffett
create the Berkshire
Charitable
Contribution plan
1983
• Berkshire ends the
year with $1.3 billion
in stocks
• Warren's personal net
worth is $620 million
• Makes the Forbes list
• Purchased Nebraska
Furniture Mart
1987
• Aftermath of
October Crash
▫ Berkshire loses
25% of its value
▫ Buffett loses $342
million personally
1988
• Buffett began
purchasing Coca-Cola
▫ Best investment ever
1989
• Berkshire rises over
$8,000 per share
• Personally
investments $3.8
Billion
2004
• Warren’s wife Susan
dies
2006
• Buffet announced to
give away 80% of his
total fortune to five
foundations
• Largest contribution
going to Bill and
Melinda Gates
Foundation
2007
• Buffett announced he is
looking for a younger
successor to run his
business
• Lou Simpson was chosen
by Buffett
• Only six years younger
2008
• Forbes annonced
Buffett as the richest
man in the world