When investors think of the person and success they would most like to emulate, Warren Buffet's name is top on the list. He is seen an extremely successful and moral investor that has made his money through dedication and diligence. Buffet's entire life is a testimonial to the American dream and what can be achieved through smart investing. Warren Buffett holds position two, as the second most affluent man in the United States. He is unique to that list because he has made the majority of his wealth investing in other companies. Warren Buffett presently presides as the CEO of his investment company, Berkshire Hathaway. He acquired this company in the late 1960s, nurturing and molding it into the highest priced and most fruitful listing on the New York Stock exchange. Warren offers an unusual duality for a business man. He is often described (even by himself) as an introvert with simple tastes and a disheveled appearance. Pair this shy, “grandpa-like” exterior with a commanding aptitude for power investing and judiciously seeking out corporate talent and management - the combination is unstoppable. Warren Buffett’s methodology and life philosophy is diligently studied, he is worshipped, respected, and recognized as the world’s most successful investor of the 20th century. Conservative in business and appearance he is a liberal at heart, which contrasts him sharply with his peers. He has set the standard for and broken the stereotype that a successful business man cannot flourish financially and maintain a solid set of ethical ideals. Warren Buffett is a “reluctant” philanthropist. Giving away money is just like loosing money, and Buffett does not like either. It was, his wife and later his traveling companion, Susan, that inspired, and encouraged Warren to give money to number of local charities. These nonprofit organization were located in regions suffering from poverty, that she found herself dedicated too. Even though he believed that these organizations would misuse the funds and his money would be wasted, he donated freely. He supported his wife’s ideals and became an active participant in her causes which centered around abortion, birth control, and homeless youths. Together, the pair created a foundation called Glide. This organization was a joint venture used to direct monetary contributions to those particular causes. In 2000 it was rumored that Buffett, upon his passing, intended to make the Buffett Foundation his sole beneficiary. Warren Buffet love baseball and can often be overheard and quoted using baseball metaphors in his lectures, books, and interviews. This love of baseball prompted his over 1 million dollar contribution to Omaha’s Minor League Baseball Commission to ensure baseball stays in Nebraska. Warren also aided Grinnell College in acquiring a radio station that was public, for 13 million dollars. Grinnell, two years later, sold the station for 35 million dollar profit. Buffet was temporarily apprehensive over the sale, but the returned revenue spoke for itself. He has also indulged his liberal side by investing in a libertarian magazine start-up in Washington DC, which eventually failed. Visit the Global Investment Institute and signup for our free Investing For Beginners E-Course at http://www.Global-Investment-Institute.com Investment webmasters or publishers, please feel free to use this article provided this reference is included and all links remain active. Article Source: http://EzineArticles.com/?expert=Mika_Hamilton
Warren Buffet's Investment Ethics
Subscribe to:
Posts (Atom)