“Success is not final; failure is not fatal. It is the courage to continue that counts.”
Today’s story is about an eminent personality who initially worked as a stockbroker, took public speaking courses and even taught investment principles’ night class at the University of Nebraska, but later, availing what he learnt, he confidently kept striving towards his grail and became the largest shareholder of Berkshire Hathaway, never to look back.
Warren Buffet was born on 30 August 1930 in Omaha, Nebraska. He had a great interest in money and started working on it form a young age. He also showed that age is indeed just a number by first buying the stock at the tender age of 11, and first filing taxes at the age of 13. He sold soft drinks, and invested those earnings into 40 acres of land, at the mere age of 14! He studied at the University of Nebraska and then continued to pursue his master’s degree. He was rejected by Harvard but accepted by the University of Columbia. He studied under Benjamin Graham, the father of value investing. After graduating, Graham refused to hire Buffett, which led him to join his father’s brokerage business back in Omaha. He then married Susan Thompson and settled in New York. He gained more experience and had a chance to work on his skills here.
In 1962, he returned to Omaha and joined forces with Charlie Munger. Together, they invested in Berkshire Hathaway, a textile mill. This was the turning point, the miracle, the Eureka Moment in his journey. The money received from this business was used to invest in other sectors, which proved to be profitable even though the mill was shut down a while later.
He utilised this long period of his life by trying to be a human example of accomplishment and allow the people to follow his footprints. As we are not here to merely live, but to enable the world to live more amply, with a greater vision and a finer spirit of hope and achievement, he indeed stood on the pedestal grounds of this aphorism and struggled to become the third richest person in the world.
Known as the ‘Oracle of Ohama’, he is one of the most successful investors of all times. He owns more than 60 companies, including battery maker Duracell and restaurant chain Dairy Queen. The son of a US Congressman, he showed the world that hard work and determination is the only key to the lock of favourable outcomes. God loves a cheerful giver, and the saying of those who will give, shall receive has been declared right through the life story of this statue of worthiness.
He has promised to give away over 99% of his fortune. In 2019, he donated $3.6 billion to the foundation of his friends Bill and Melinda Gates. He said that price is what you pay and value is what you get, and he proved what he said, because as a predecessor to his step towards charity, in 2010, he and Gates launched the Giving Pledge, asking billionaires to commit to donating half of their wealth to charitable causes. “All our dreams can come true if we have the courage to pursue them,” and we can see how Warren Buffett went on to become a proudly standing affirmation to the same