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On August 30, 1930, Warren Buffett, the "god of stocks", was born
Ninety-five years ago today, on August 30, 1930 (July 7, 1930), Warren Buffett, the "stock god", was born. On August 30, 1930, Warren Buffett was born in Omaha, Nebraska, USA. His father, Howard Buffett, was a local stockbroker and Republican congressman. From the very beginning, Warren was cautious beyond his age. His mother called him "the little kid who rarely caused trouble." Young Warren had an innate fascination with numbers. He often spent the afternoon with his friends looking down at busy intersections and recording the license plate numbers of cars coming and going. When dusk fell, they went back into the house and unfolded the Grain Maha World Herald, counting the number of times each letter appeared on it, densely scribbling the changing numbers on the papyrus. The Great Depression of 1929 left their father Howard's job as a stockbroker in trouble, making life very difficult for the family. Mothers often undercut themselves in order to feed their husbands and children. It didn't get better until Warren started school. After these hard years, he had a persistent desire to become very rich. He had the idea before he was 5 years old, and it has never been abandoned since. Warren once sat on the peace ladder of his elementary school and calmly told his friends that he would be rich by the age of 35. He never showed signs of boasting or having a big head, and he himself was convinced of it. When asked why he wanted to make so much money, Warren replied: "It's not that I want a lot of money, I think it's interesting to make money and watch it grow." In 1951, after graduating from Columbia University, Buffett returned to Omaha to work as a stockbroker in his father's trading department, Buffett-Falk. His greatest progress at Buffett-Falk was not in investing, but in Dale Carnegie's public classes. In class, he learned the ability to speak freely in public. Later, by teaching "Principles of Investment" at the University of Omaha, he perfected this skill, which was crucial to his future investments. In 1954, Buffett went to New York to work for Graham & Newman, the investment company of his mentor Graham. Due to Graham's conservative attitude, he refused to conduct any subjective analysis of the company, and was happy to adhere to his teaching principles. This often led to the phenomenon of investment companies holding money for investment, thus missing many opportunities. Buffett realized this and began to study the impact of quality factors on the intrinsic value of a company. To this end, he would personally visit the company to find out the secret that one business was more successful than another. Although Graham did not approve of Buffett's approach, Buffett quietly used these findings on his investments, and he achieved a higher ROI ratio than Graham-Newman. Since leaving college in 1950, Buffett's personal capital has soared from $9,800 to $140,000. In 1941, at the age of 11, he jumped into the market and bought his first stock. In 1962, Buffett's joint venture with partners reached $7.20 million, 1 million of which belonged to Buffett personally. In 1968, Buffett's stock achieved its best performance in history: a 59% increase, while the Dow Jones index rose by 9%. Buffett's money rose to 100 million and 4 million dollars. By the end of 1994, Buffett's company had developed into a Berkshire industrial kingdom with 23 billion dollars. It was no longer a spinning mill. It had become Buffett's huge investment and financial group. From 1965 to 1994, Buffett's stock appreciated by an average of 26.77% per year, a high debut. The Jones index was nearly 17 percentage points. Whoever chose Buffett 30 years ago would have been on a rocket ride to make a fortune. On March 10, 2005, the US "Forbes" magazine released the 2005 global rich list in New York, Buffett ranked second, second only to Bill Gates. Comment that he is a legend of capital markets! It can be regarded as unprecedented.


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