Hello, my name is Benedict. I am now 20 years old. At the moment I am very interested in the world of investment. all of this is thanks to several successful figures in this world, one of which is Warren Buffett. This time I will write about the success story of Warren Buffett who inspired me to start investing from an early age.
So Warren was born in Omaha, Nebraska, United States on August 30, 1930. His interest in the world of investment began to emerge at a young age. Warren is known for his adherence to investment values and simplicity of life, despite his extraordinary wealth.
Since childhood, Warren has shown an interest in the world of investment and business. He was inspired by a book he borrowed from the public library in Omaha, One Thousand Ways to Make $1000.
Warren dabbled in small businesses from a young age. His first business was selling chewing gum, Coca-Cola and magazines door to door. behind his desire and enthusiasm to become rich. Warren Buffet also doesn't forget that education is important. Therefore, after he graduated from high school he continued his education at Columbia University.
After graduating from Columbia University with a master's degree in economics, Warren Buffett began working in the investment world. He first worked as a salesman at Buffett-Falk & Co., a small securities firm owned by his father. However, he did not stay there for long. In 1956, Warren Buffett founded his own company, Buffett Partnership Ltd., with initial capital of $100.
One of Warren Buffett's famous quotes describes his investment philosophy clearly: “Rule No. 1: Never lose money. Rule No. 2: Never forget rule no. 1.” (Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1). This reflects his conservative approach to investment and caution in taking risks.
Warren Buffett developed a very disciplined investment strategy. He looks for stocks that he considers "cheap" based on fundamental analysis. He also has the patience to hold those shares for a long period of time, which is known as “long-term value investing.” This approach not only worked, it became the basis for building his incredible wealth. Warren Buffett's principle that I really practice is Learning from Mistakes Warren Buffett has never avoided investing mistakes. Instead, he sees mistakes as opportunities to learn and grow. One of his famous quotes is, “You only have to do a very few things right in your life so long as you don't do too many things wrong.” (You only need to do a few things right in your life as long as you don't do too many things wrong).
Apart from that, Warren Buffet is also a generous person, because he is often involved in donating his wealth to humanity.
Warren Buffett's success story is an inspiration to many people around the world. With his dedication, hard work and careful investment principles, he has built an ncredible fortune. But, more importantly, he also shows how that wealth can be used to make a huge positive impact on society through generous philanthropy.
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