Probably not.
In 1957, Buffett established the non-binding Buffett Investment Club?, with funds under management reaching US$300,000, which rose to US$500,000 by the end of the year.
"The Complete Book of Buffett" PDF
In 1962, the capital of Buffett Partners reached US$7.2 million, of which 1 million belonged to Buffett personally. At that time, he merged several partnerships into one "Buffett Partners." The minimum investment amount is expanded to $100,000. The situation is a bit like private equity funds or private investment companies in China.
In 1964, Buffett's personal wealth reached US$4 million, and at this time the funds under his control had reached US$22 million.
In the spring of 1966, the U.S. stock market was booming, but Buffett was restless. Although his stocks were soaring, he found it difficult to find cheap stocks that met his standards.
In October 1967, the funds under Buffett’s control reached US$65 million.
In 1968, Buffett's stock achieved its best performance in history: an increase of 46%, while the Dow Jones Index only increased 9%. The funds under Buffett's control rose to US$104 million, of which US$25 million belonged to Buffett.
In May 1968, when the stock market was booming, Buffett informed his partners that he was retiring. He then gradually liquidated nearly all of Buffett Partners' stock.
In June 1969, the stock market plummeted, gradually turning into a stock market crash. By May 1970, every stock had dropped by 50% or more compared with the beginning of the previous year.
Between 1970 and 1974, the U.S. stock market was like a deflated rubber ball, lifeless. Continued inflation and low growth pushed the U.S. economy into a period of "stagflation." However, Buffett, who was once disappointed, was secretly overjoyed because he saw that wealth was about to roll in - he discovered too many cheap stocks.
In 1972, Buffett focused on the newspaper industry again because he discovered that owning a famous newspaper was like owning a toll bridge, and any passerby must leave money to pay for the passage. Starting in 1973, he secretly eroded the Boston Globe and the Washington Post in the stock market. His intervention greatly increased the profits of the Washington Post, with an average annual growth rate of 35%. Ten years later, Buffett’s $10 million investment had appreciated to $200 million.
In 1980, he spent US$120 million to buy 7% of Coca-Cola's shares at a price of US$10.96 per share. By 1985, Coca-Cola changed its business strategy and began to withdraw funds and invest in beverage production. The unit price of its stock has risen to US$51.5, a five-fold increase. As for how much money has been earned, the amount can stun investors around the world.
In mid-1992, Buffett purchased 4.35 million shares of General Dynamics, an American high-tech defense industry company, for $74 per share. By the end of the year, the stock price had risen to $113. The $322 million worth of stocks Buffett owned half a year ago is already worth $491 million.
By the end of 1994, Berkshire's industrial empire had grown to US$23 billion. It was no longer a spinning mill, it had become Buffett's huge investment and financial group. From 1965 to 1998, Buffett's stock appreciation averaged 20.2% per year, 10.1 percentage points higher than the Dow Jones Index. If anyone had invested US$10,000 in Buffett's company in 1965, he would have received a return of US$4.33 million by 1998. In other words, whoever had chosen Buffett 33 years ago would have been on a rocket to get rich.
In March 2000, Buffett became the honorary president of the RCA Association of Certified Analysts.
Since 2000, Buffett has raised funds for the Glade Foundation through online auctions. The starting bid is $50,000 for the chance to have dinner with Mr. Buffett.
In June 2006, Buffett announced a plan to donate about 10 million Berkshire Hathaway B shares to the Bill and Melinda Gates Foundation. This is The largest charitable donation ever made in the United States.
On the evening of March 1, 2007, “Stock God” Warren Buffett’s flagship investment company, Berkshire Hathaway, announced its 2006 fiscal year results. , data show that thanks to the hurricane's "no-show", the company's main insurance business has made a lot of profits. Berkshire's profit increased by 29.2% in 2006, reaching a profit of 11.02 billion U.S. dollars (higher than 8.53 billion in the same period in 2005 US dollars); earnings per share US$7,144 (2005: US$5,338). ?
In the 42 years from 1965 to 2006, the average annual growth rate of Berkshire’s net assets reached 21.46%, with a cumulative growth of 361,156%; during the same period, the average annual growth rate of the S&P 500 index companies was 10.4%, the cumulative growth rate is 6479%.
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