WARREN BUFFETT-THE MAKING OF A BILLIONAIRE!!

Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is widely considered the most successful investor of the 20th century.

Buffett was born in 1930 in Omaha, Nebraska, he is a son of a stockbroker and Congressman, and is among   the world’s most successful investors.
As a child, despite  his family background, he delivered newspapers to make extra money and this sparked his interest in the media where he has made  a variety of successful investments including the Washington Post Company, a stock that has made him a lot of money and which he promised and vowed  never to sell.
Obsessed with a devotion to develop a good entrepreneurial nature, Warren was involved in several part time businesses but his destiny was clear   when, after graduating from the University of Nebraska, he studied business at the Columbia Graduate Business School under the legendary Benjamin Graham.
He tried hard to acquire  a position with Graham’s firm and was  unsuccessful at the beginning. He finally got the job and, as he generously acknowledges, he got  a lot of experience about stock investment from Graham.
After Graham's retirement,  Buffett started a limited partnership in Omaha, using capital given to him by family and friends. This kind of partnership was a great success and Buffett is said to have averaged an annual rate of return for the partnership in excess of 23 per cent, far in excess of the market.
After several years, Buffett decided to wind up with this  partnership,  giving the lucky investors their capital and their share of the profits, and bought an interest in Berkshire Hathaway, a textile company, giving his original investors the the chance to invest. The smart ones did so.
Buffet early days at Berkshire Hathaway were not that  good. It  was in an industry facing real challenges from exports and high manufacturing costs. Warren Buffet had not, however, applied what  Graham had taught him, and arranged for the company to buy out two Nebraska insurance companies earned under es.
This was the start of Buffett  interest in insurance and his rise  to financial fame  with Berkshire Hathaway. The insurance game is quite complicated and difficult but under Buffett, the company has become,  a successful share investor and a leading provider of insurance.

 Warren Buffett is  one of the greatest investors the world has ever known. When  you take a closer  look at  his youth attributes, instinct and activities. You may agree at the end of this that, he is indeed an entrepreneur! Of course, that depends of the long standing  unanswered question - "What is an entrepreneur?" but we'll leave that for you to decide.

 Warren Buffett a multi billionaire, is quite proud of the fact that his goals are to amass wealth. In fact,  his objectives  and his skills are the main traits that attract investors to back him and the holding company he manages.
He is a a very honorable man who invests long term in people (managers who run great companies). He invests in concepts, products, services, industries and people he understands through thorough research. When you read his annual reports he does not "sugar coat" the positives and negatives. In fact, he has made many errors and will tell you about them. The holding company, Berkshire Hathaway was a failed textile company purchase that Buffett believed he could improve and uphold as time goes on. But,  the market forces of foreign competition versus capital investment requirements in the business were simply too massive and the company ceased operations.

Warren Buffett's s three life lessons:

If the only reason you are doing something is because others are doing it, then that is not good enough .
 In fact, if everyone else is concentrating on the same kind of business or topic maybe that’s the one best to avoid. . Learn to be comfortable on your own unique decision.

Warren’s success does not come from doing so many things right. It comes from avoiding the things that are terribly wrong. This might seem like two sides of the same coin but it is  a whole lot different  The stories are endless of people who did a few things right and were massively successful, but then did something stupid that took them back to nothing.

Life is about learning. If you are always open to learning you can never lose. Keep this as your only rule for the day and the world will be yours for the taking. Warren insists that there has been no better way for him  to continue to add value to what he does than this life maxim.
 Sources : 
www.forbes.com/profile/warren-buffett
USA today
www.time.com
sun-sentinel.com