A self-made billionaire, Buffett has a great memory and was always good at mathematics and business.
At the age of 14, with the money he had saved from part-time businesses and delivering newspapers, he bought a Nebraska farmland, which he later leased to a farmer.
After his graduation from the University of Nebraska, he pursued further studies at the Columbia Graduate Business School under Benjamin Graham. He started his career with Graham where he learned a lot about stock investment.
After Graham retired, Buffett started a company in his native place Omaha funded by family and friends. It turned out to be a great success. Later, he bought a majority hlding in Berkshire Hathaway.
Humour and wisdom
I buy expensive suits. They just look cheap on me.
Price is what you pay, value is what you get. Prices keep changing. Don't get worried by the ups and downs. Investing is all about creating wealth. It's important to understand the value of a stock than its price.
Image: People rally in front of the New York Stock Exchange in the financial district against the proposed government buyout of financial firms in New York City. | Photograph: Spencer Platt/Getty Images
Also read: World's 10 biggest banks
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