Successful person project: Warren Buffet, 2008

Résumé du document

After months of crisis, the first net of United States savings bank declared bankruptcy on 25th of September 2008. It was the symbol of the decline of America's economic power and leadership. In this period of instability, one man stayed positive and invested massively to rebuild American banking and also wanted to take part at nearly 1% of the Paulson's rescue plan. Warren Buffet who has dethrone Bill Gates at the first step of the Forbes' classification of the richest men of the world, started with nothing, to become the most influential man of the United States. This paper will highlight the career of a man with a sharp sense of business.

Extraits

[...] Other activities $ His associative commitment: Buffett is a notable philanthropist. In 2006, he announced a plan to give away his fortune to charity, with 85% of it going to the “Bill and Melinda Gates Foundation”. In June 2006, Buffet gave approximately 10 million of Berkshire Hathaway shares to the Bill and Melinda Gates Foundation, making it the largest charitable donation in history. The foundation will receive of the total donation on an annualized basis each July, beginning in 2006. [...]

[...] The series will feature Buffet and Munger in roles and they will teach children healthy financial habits for life. Conclusion To conclude this man out of the common symbolize well the American dream of social ascension as Barak Obama could be too . Currently, this one has already received an important support for his campaign by Warren Buffet and could consequently nominate him at the Economic Ministry according to the rumors . So we can realize the importance of Warren Buffet on an economic but also politic plan . [...]

[...] All that Warren Buffet touches is transformed in gold. What is his strategy? His main method is to buy shares during stockmarket crash share as those in 1979 or 1987 when shares are at the lowest price possible. The strong upward movement of stocks in the 90's permitted him to double his fortune. Another of his strategy is to pay attention only in sector he understands, that's why he avoids high technologies industry. He prefers the company's in which nobody pay attention yet in order to make the highest profits as possible. [...]

[...] Today, his destiny augmented by 50 billion dollars but he did not move. The avarice of Buffett is fabled. He drives a Cadillac and prefers hamburgers and Cherry Coke than a costly beefsteak. $ Buffett's writings: Warren Buffett's writings include his annual reports and various articles. In his article " The Super investors of Graham-and-Doddsville”, Buffett condemned the academic position that the market was efficient and. His second edition compilation is an excellent resource for business owners, financial professionals and lay investors alike. [...]

[...] When he was young, Warren Buffet already has a great feeling with business and profit. He bought packages of chewing-gum and sales it one by one to his friends. Very young he focuses on different ways to make money. Dabble on the Stock Market would be his favorite game. In 1957, he came back in his hometown and begins to manage portfolios of his family and friends. This beginning would be very successful because his capital gains reach more than the average of the stock exchange market. [...]