Warren Buffett was born in Omaha, Nebraska, USA on August 3th, 193. Since he was a child, Warren Buffett has a great sense of investment. He loves stocks and numbers more than anyone in his family. He was full of money, and when he was five years old, he set up a stall at home to sell chewing gum. When he was a little older, he led his friends to the stadium to pick up big used golf balls and then resell them. The business was quite prosperous. When he was in middle school, in addition to working as a newsboy after school, he also partnered with his partner to rent a pinball game machine to the barber shop owner to earn extra money. \ xd \ [2] In 1941, just after he turned 11, he jumped into the stock market and bought his first stock. \ xd \ In 1947, Warren Buffett entered the University of Pennsylvania to study finance and business management. However, he felt that the professors' short theory was not enough. Two years later, he transferred to the University of Nebraska, Lincoln, and obtained a bachelor's degree in economics within one year. \ xd \ In 195, Buffett's application for Harvard University was rejected, and he was admitted to the Business School of Columbia University, where he studied under the famous investment theorist Benjamin Graham. Under Graham, Buffett is like a duck to water. Graham opposes speculation and advocates evaluating stocks by analyzing the profitability, assets and future prospects of enterprises. He taught Buffett a wealth of knowledge and know-how. \ xd \ In 1951, at the age of 21, Buffett obtained a master's degree in economics from Columbia University. When he graduated, he got the highest A+. \ xd \ In 1952, Buffett married Susan Thompson, and their parents were old friends for many years. When studying at Northwest University, Susan and Buffett's sister Roberta were roommates in the same dormitory. When Buffett dropped in on her and proposed to her, Susan left her university and married him. Mrs Buffett grew up only one and a half blocks from Buffett's current home. \ xd \ In 1957, Buffett's capital reached $3,, but it rose to $5, at the end of the year. \ xd \ In 1962, the capital of Buffett's partner company reached $7.2 million, of which 1 million belonged to Buffett himself. At that time, he merged several partner enterprises into a "Buffett Partners Limited". The minimum investment is expanded to $1,. The situation is a bit like private equity funds or private investment companies in China now. \ xd \ In 1964, Buffett's personal wealth reached $4 million, and at this time he was in charge of funds as high as $22 million. \ xd \ In the spring of 1966, the American stock market was bullish, but Buffett was on pins and needles. Although his stocks were soaring, he found it difficult to find cheap stocks that met his standards. Although the crazy investment in the stock market has brought speculators a windfall, Buffett is unmoved because he believes that the price of stocks should be based on the growth of corporate performance rather than speculation. \ xd \ In October 1967, Buffett was in charge of 65 million dollars. \ xd \ In 1968, Buffett's stock achieved the best achievement in its history: it increased by 46%, while the Dow Jones index increased by 9%. Buffett's funds rose to $14 million, of which $25 million belonged to Buffett. \ xd \ In May 1968, when the stock market was celebrating all the way, Buffett informed his partners that he was retiring. Subsequently, he gradually liquidated almost all the shares of Buffett's partner company. \ xd \ In June, 1969, the stock market went down and gradually turned into a stock crash. By May, 197, every stock was down by 5% or even more than the beginning of the year. \ xd \ During 197 ~1974, the American stock market was like a deflated ball, without any vitality. Continued inflation and low growth made the American economy enter a period of "stagflation". However, Buffett, who was once lost, was secretly overjoyed because he saw that money was coming-he found too many cheap stocks. \ xd \ In 1972, Buffett set his eyes on the newspaper industry again, because he found that owning a famous newspaper was like owning a toll bridge, and any passer-by had to stay to buy money. Beginning in 1973, he secretly nibbled at The Boston Globe and Washington post in the stock market. His intervention greatly increased Washington post's profits, with an average annual increase of 35%. Ten years later, Buffett's $1 million investment rose to $2 million. \ xd \ In 198, he bought a 7% stake in Coca-Cola for $12 million at a unit price of $1.96 per share. By 1985, Coca-Cola changed its business strategy and began to withdraw funds and invest in beverage production. Its share price has increased to $51.5, a fivefold increase. As for how much money has been earned, the number can astonish investors all over the world. \ xd \ In mid-1992, Buffett bought 4.35 million shares of General Dynamics, an American high-tech defense industry company, for $74 a share, and the share price rose to 113 yuan by the end of the year. Buffett's $322 million stock half a year ago has been worth $491 million. At the end of 1994, it has developed into a Berkshire industrial kingdom with $23 billion. It is no longer a spinning mill, but has become Buffett's huge investment and financial group. From 1965 to 1998, Buffett's stock increased by an average of 2.2% per year, which was 1 .1 percentage points higher than the Dow Jones index. If anyone invested $1, in Buffett's company in 1965, by 1998, he would get a return of $4.33 million. That is to say, whoever chose Buffett 33 years ago would be on the rocket to get rich. \ xd \ On March 11th, 2, Buffett published this year's annual letter-a heavy letter-on the website of Berkshire. Figures show that Berkshire, the investment fund group chaired by Buffett, saw its net income drop by 45% last year, from $2.83 billion to $1.557 billion. Berkshire's A-share price fell by 2% last year, the only decline in the 199s. At the same time, Berkshire's book profit only increased by .5%, far less than the growth of Standard & Poor's 21 in the same period, which was the first time since 198. \ xd \ On August 26th, 24, Susan Buffett, Warren Buffett's wife, died of a sudden stroke while visiting friends with him. Susan Buffett, who owns $3 billion in wealth, or 2.2% of Berkshire Hathaway, died at the age of 72. Mr. and Mrs. Buffett got married in 1952, but they have been separated since 1977, when Susan moved from their hometown to San Francisco to develop her music career. The two never announced their divorce. The two often travel together, and Susan often attends the shareholders' meeting of the company held in their hometown of Omaha. \ xd \ On the evening of March 1st, 27, Berkshire Hathaway, the flagship investment company under Warren Buffett, announced its financial year 26 performance. The data showed that the company's main insurance business was profitable due to the hurricane "breaking the promise". Last year, Berkshire's profit increased by 29.2%, with a profit of 1%. Earnings per share were $7,144 ($5,338 in 25). \ xd \ During the 42 years from 1965 to 26, the average annual growth rate of Berkshire's net assets reached 21.46%, with a cumulative increase of 361,156%; During the same period, the average annual growth rate of companies in the Standard & Poor's 5 Index was 1.4%, with a cumulative growth rate of 64.79%. \xd\ Buffett is the greatest investor ever. He has become one of the richest men in the world by investing in the stock and foreign exchange markets. The value investment theory he advocated is popular all over the world. Value investment is not complicated. Buffett once summed it up in three points: treating stocks as many miniature business units; Treat market fluctuations as your friends rather than enemies (profits sometimes come from loyalty to friends); The price of buying stocks should be lower than what you can afford. "In the short term, the market is a voting calculator. But in the long run, it is a weighing machine "-in fact, it is not difficult to master these ideas, but few people can persist like Buffett for decades." Buffett never seems to try to make money from stocks. He buys stocks on the assumption that the stock market will be closed the next day or will not be reopened within five years. In the view of value investment theory, once you see market fluctuation and think it is profitable, investment becomes speculation, and nothing affects investment more than gambling mentality. \xd\ Buffett announced on June 25th, 26 that he would donate more than $3 billion in private wealth to charity. This huge sum of money will go to the charity foundation founded by Bill Gates and the Buffett family foundation respectively. Buffett's donation of more than $3 billion is the largest private charitable donation in the United States so far. \xd\ The Gates Foundation issued a statement saying: "We are flattered by the decision of our friend Warren Buffett. He chose to donate most of his wealth to the Bill and melinda gates Foundation to solve the most challenging inequality problem in the world. " \xd\ In addition, Buffett will donate 1 million shares to the charity fund founded for his late wife, and at the same time donate 35, shares to the charity funds of his three children. \xd\ Buffett is called "the most respectable man besides his father" by Americans. \xd\ [1] Buffett's investment legend \xd\ In Buffett's biography written by Roger lovins Tan, the first article is a short article by Bill Gates, the richest man in the world. Gates wrote: "His jokes are hilarious, and his diet-a lot of hamburgers and cokes-is wonderful. In short, I am a Buffett fan. " Gates is really a Buffett fan. He firmly remembers Buffett's investment theory: buy stocks at the lowest price and wait patiently. Don't expect to do big business. If the price is low, even a medium-sized business can make a lot of money. \ xd \ Warren in 21? Warren Buffett (USA) ranked third on the Forbes list with a net worth of $47 billion.