Warren Buffett was born in Omaha, Nebraska to Howard Buffett, a stock broker and United States Representative, and his wife Leila Buffett. Warren Buffett displayed an extremely keen understanding of business and mathematics at a young age, easily doing complex mathematical computations in his head. He was also known as a book worm who displayed an insatiable hunger for knowledge pertaining to business and capital markets. He began working at his father's brokerage at the age of 11, and that same year made his first stock purchase, buying Cities Services shares for $38.25 each. He sold them when the price reached $40, only to see them rocket to $200 a few years later. This taught him the importance of investing in good companies for the long term. At the age of 14, he and a fellow high school student began installing pinball machines in barber shops, and he eventually spent his take of $1,200 to buy 40 acres of farmland which he then rented to tenant farmers. Although he excelled as a student, he felt college would be a waste given his success as an entrepreneur. He had already had money coming in from Wilson Coin Op, a pinball machine company he had started with a friend, as well as passive income streams coming from a farmer paying rent to him for the use of his farm, and he had saved $5,000 graduating near the top 20 in his class at the age of 16. He eventually yielded to his father's advice and attended college.
Warren Buffett Timeline, Great Value Investor, Chairman of Berkshire Hathaway.
Sunday, July 8, 2007
Blog Archive : Warren Buffett Timeline
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2007
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- 2007: (76 Years old) Buffett looking for a younger...
- 2006: (75 years old) give away more than 80%, or a...
- 2002: (72 years old) Buffett entered in $11 billio...
- 1988: (58 years old) Buffett began buying stock in...
- Buffett begins buying stock in Coca-Cola, eventual...
- 1986: Berkshire breaks $3,000 per share.
- 1985: Buffett purchases Scott &
- 1987: In the immediate crash and aftermath of Octo...
- 1986: Berkshire breaks $3,000 per share.
- 1985: Buffett purchases Scott & Fetzer for Berkshi...
- 1985: Warren helps orchestrate the merger between ...
- 1985: Buffett finally shuts down the Berkshire tex...
- 1983: Buffett purchases Nebraska Furniture Mart fo...
- 1983: Berkshire ends the year with $1.3 billion in...
- 1981: Munger and Buffett create the Berkshire Char...
- 1979: Berkshire began the year trading at $775 per...
- 1979: (49 years old) Berkshire begins to acquire s...
- 1979: Berkshire trades at $290 per share. Warren's...
- 1978: Susie introduces Warren to Astrid, who event...
- 1977: Susie leaves Warren, although not officially...
- 1977: Berkshire indirectly purchases the Buffalo E...
- 1974: The SEC opens a formal investigation into Wa...
- 1974: Due to falling stock prices, the value of Be...
- 1973: (43 years old) Berkshire began to acquire st...
- 1973: Berkshire begins to acquire stock in the Was...
- 1973: Stock prices begin to drop; Warren is euphor...
- 1971: Warren [at his wife's request], purchases a ...
- 1970: (40 years old) As chairman of Berkshire Hath...
- 1970: Berkshire makes $45,000 from textile operati...
- 1970: Warren now owns 29% of the stock outstanding...
- 1969: (39 years old) Buffett liquidated the partne...
- 1969: Buffett created Berkshire Hathaway, after sh...
- 1967: Berkshire Hathaway acquires National Indemni...
- 1967: American Express hits over $180 per share, m...
- 1967: Buffett is worth, personally, more than $10 ...
- 1967: His partnership is now worth $65 million.
- 1967: Berkshire pays out its first and only divide...
- 1966: Warren's personal investment in the partners...
- 1965: Buffett arranges a business coup - taking co...
- 1965: The American Express shares which were purch...
- 1965: Buffett begins to purchase shares in Walt Di...
- 1965: Warren's father, Howard, dies.
- 1964: Due to a fraud scandal, American Express sha...
- 1963: The Buffett partnerships becomes the largest...
- 1963: Buffett sells Dempster for 3x the amount he ...
- 1962: Warren discovers a textile manufacturing fir...
- 1962: Buffett consults Munger on Dempster, the win...
- 1962: The Buffett Partnership, which had begun wit...
- 1962: Buffett merges all partnerships into one par...
- 1961: (31 years old) Buffett made his first $1 mil...
- 1960: (30 years old) Buffett asks one of his partn...
- 1959: (29 years old) Buffett had six partnerships ...
- 1959: Warren is introduced to Charlie Munger, who ...
- 1958: (28 years old) Buffett had five partnerships...
- 1958: The third year of the partnership completed,...
- 1957: With Susan about to have her third child.
- 1957: Adds two more partnerships to his collection.
- 1956 : Established Buffett Associates, Ltd., his f...
- 1951 : obtained a Master's degree in economics
- 1947 : graduated from Washington, DC's Woodrow Wil...
- 1930 :Warren Buffett born August 30, 1930, Omaha, ...
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