Category: Money tips Release Date: 2006-12-22
â—?Only when the investor who knew nothing about when the companies only need to diversify investments.
â—?investor success is whether he really understand the extent of this investment is proportional to.
â—?To enable investors to obtain real benefits, the company must be misery index than the investor a higher return on capital employed.
â—?investors feeling more than the company's basic situation on the stock prices have a more powerful impact.
â—?When the people fear, you have to get greedy.
�Warren Buffett has been called "of the most successful investors." In the history of the great investor, Buffett has with his keen business assessment techniques compelling. �D �oil magnate John Rockefeller, the steel magnate Andrew �cards �Plug and software magnate Bill Gates has a common feature that their wealth came from a product or invention. Buffett is a pure investors, he was starting from scratch, just in stocks and business investment, becoming one of the 20th century, the world's richest. February 28, 2004 reported that by the end of 2003 Buffett's personal assets 42.9 billion U.S. dollars, ranking second in the world. �tops the genius Bill Gates - worth 46.6 billion U.S. dollars.
In the 40 years time - from the Eisenhower era to George �Bush administration, whether bullish or weakness in the stock market downturn, regardless of the economic prosperity or recession, Buffett's performance in the market is always very good. After the war the United States, the main stock average yield of about 10%, Buffett has reached the 21.10% level. If a person invested in Buffett's career began 10 thousand U.S. dollars and insist in the end, then by the end of 2004, will reach millions of dollars in wealth. Buffett's wealth of life experience and full torque of the personality, but mysteries Buffett endless plain simple investment philosophy and investment strategy attracts investors on the management of business decision-makers. They, like once a year, as the Saints to the Omaha pilgrimage - to listen to Buffett's investment analysis. It's like El �Worth Easter concert or religion, like the United States has become an annual event. Financial sector to put Buffett's book as a "Bible," read like a sermon, like reciting verses from the Bible Buffett's motto.
Under the tutelage of The �Graham
�Warren Buffett August 30, 1930 Silas was born in California within the United States Omaha. �His father, Howard Buffett, a local securities brokers and Republican lawmakers. From the very beginning, Warren on the age than to caution, he was his mother called the "little children cause trouble." Warren has a small number of pairs of inherent fascination. He often partners in such a private little time to spend the whole afternoon: overlooking the busy intersection to record the license numbers of vehicles coming and going. After dusk, they returned to the house, food, Mahathir launched the world's Herald ", each letter in the above calculation of the number of occurrences in the ground filled with toilet paper on the changes in dense numbers. The Great Depression in 1929, the U.S. economy to make the work of his father Howard's securities broker in trouble, resulting in family life is very orange, according to. His mother often withheld in order to allow her husband and children to eat more eat more. Warren began to study until the time when the situation was gradually improved. The experience of those difficult years later, he felt a persistent desire to want to become very wealthy. He was before the age of 5 have this idea, and since then, this idea would never be discarded too. Warren Primary School have been sitting on the fire escape stairs and calmly to his friend who said he would make a fortune before the age of 35. He never showed blowing its own trumpet, the mind made up a sign, he convinced himself this was once asked him why he want to make so much money, Warren replied: "It's not that I want a lot of money, I think to earn money to watch it slowly rise is a very interesting thing. "
After his father was elected to Congress, Buffett moved with his family in Washington. When Warren hardly will not shave, when he was in this strange city rush, in order to start their own business efforts. He was eagerly reading every business could Gao Daoshou books, and study the financial statements of enterprises, research a stock chart. With regard to his stock investment experts guess the words have spread to the school, even the teachers were all dried up hundreds like from his side dug up some information about where the stock of knowledge. Despite the time he has never had any in the stock market on a beautiful performance, but people feel that he is knowledgeable. He has a certain innate things, not just precocious profound, but also that he put that knowledge in a logical manner the ability to express them. He seems to have extraordinary insight into the way he talks about people believe one thing he does is clear that he really saying something. First arrived in Washington, Warren will be looking for a delivery, "Washington Post" and the "Times Herald" work. Soon, Warren would have a five newspaper delivery route, about 500 newspapers every morning to be sent. Warren sent his newspaper "business" of doing booming. He can earn 175 dollars a month - that day, but the work of many young people's income. Warren earned savings from every dime. 14-year-old Buffett, have a keen business sense: he spent 25 dollars to buy an old bomb into the barber shop, handball machine, and then rent it out on the first day he used the machine earned 14 U.S. dollars . Within about a month, he and his partners in the three barber shop, billiard ball machine set up. Business fire pole, and they expanded to seven a week, 50 dollars in revenue. Warren has its own way the first one "company" - Wilson slot machine company. Later, Warren and his partners in a joint venture agreement also 350 U.S. dollars, bought a 1934 Rolls-Royce cars annually, after which the price of 35 dollars a day rental. Warren graduated from high school in 1947, he has distributed nearly 60 million copies of newspapers, relying on hard work and wisdom of the accumulation of the 6000 U.S. dollars.
Over the next three years of college, the Warren side of the stem with almost full-time work, while the name of bridge, but has also got to graduate school work, he reached 9800 U.S. dollars savings. During which he read the classics of this �Graham: "The Intelligent Investor." This book on the writings of Buffett's investments in securities in terms of "It's like where to find God." Buffett graduated from this university to leave his hometown of Omaha, came to New York alone, into the Columbia University Business School under the tutelage of his admiration of this �Graham.
Graham is considered the financial analysis of the pedigree. To select stocks, he laid the foundation methodology, in which, before the door with gambling, there is no difference between pseudo-science. Graham's first contribution was a clear definition of investment, Graham made the second contribution is the number of ordinary shares of investment analysis. "Safe space law" is his typical representative of quantitative analysis method.
While studying at Columbia University, studying with Graham, Buffett's eagerly to these theories. He received the Graham taught at Columbia for 22 years to the Huai River one-off A +, Buffett later could be described as a true "investment" in practice he inherited, to test and develop these theories to make it even better.
In 1951, at Columbia University after graduation, Buffett returned to Omaha, to his father's trading company to do the Ministry of Buffett, a stockbroker Falk. Falk Buffett a company that he was not the greatest progress achieved in the investment industry, but in the Dell �Carnegie's open class. In class, he learned in conversation with numerous people being comfortable with skills. After teaching through the University of Omaha, "Investment Principles", he himself perfected this skill, this skill is essential to his investment in the future. In 1954, Buffett went to New York to mentor Graham's investment company - Graham-Newman with the company. Because Graham's conservative attitude, so that he refused to make any subjective analysis of the company, but willing to adhere to their teaching standards. This often makes investment companies holding cash at hand to be cast in the phenomenon, which lost many opportunities. Buffett aware of this and begin to study the quality of the factors affecting the company's intrinsic value. To this end he would personally visit the company, to explore a company more successful than another secret. Although Graham was not in favor of Buffett's approach, but Buffett was quietly put the results of these studies used in their own investments, he has made more than the Graham-Newman Corporation's investment rate of return. From 1950 to leave the university campus since Buffett's personal jump to 9800 U.S. dollars of capital from 14 million. In 1956, Graham retired after the dissolution of investment company, Buffett took his 14 million dollar "bet" to return to Omaha. A total of 10 1 [2] [3] [4] [5] [6] [7] [8] [9] [10]
