[Edit this paragraph] Brief introduction to Warren Buffett Date of birth: August 30, 1930 Place of birth: Omaha, Nebraska, USA Company: Berkshire Company Position: Chairman of the Board School: Graduated from the Department of Finance, Columbia University

Warren Buffett was born in Omaha, Nebraska, USA on August 30, 1930. Warren Buffett has had great investment awareness since he was a child. His love for stocks and numbers far exceeds that of anyone in his family.

people.

He was full of ideas to make money, and when he was five years old, he set up a street stall at home to sell chewing gum.

When he was a little older, he led his friends to the golf course to pick up golf balls used by wealthy people, and then resold them. The business was quite prosperous.

When he was in middle school, in addition to working as a newsboy after school, he also collaborated with his partners to rent pinball machines to barber shop owners to earn extra money.

In 1941, when he was just 11 years old, he jumped into the stock market and bought his first stock.

In 1947, Warren Buffett entered the University of Pennsylvania to study finance and business management.

However, he felt that the professors' short-selling theory was not satisfactory, so he left without saying goodbye after two years and transferred to the Department of Finance at Columbia University to study under the famous investment theorist Benjamin Graham.

Buffett was at home under Graham.

Graham opposed speculation and advocated evaluating stocks by analyzing a company's profitability, assets, future prospects and other factors.

He imparted a wealth of knowledge and know-how to Buffett.

The talented Buffett soon became Graham's favorite disciple.

In 1950, Buffett applied to Harvard University but was rejected.

In 1951, when the 21-year-old Buffett graduated, he received the highest A+.

In 1957, Buffett's funds under his control reached US$300,000, but by the end of the year it rose to US$500,000.

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 China's private equity funds or private investment companies now.

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.

Although the crazy speculation in the stock market has brought windfalls to speculators, Buffett remains unmoved because he believes that stock prices should be based on corporate performance growth rather than speculation.

In October 1967, Buffett's funds under his control reached US$65 million.

In 1968, Buffett's stock achieved its best performance in history: an increase of 59%, while the Dow Jones Index increased by only 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 and gradually turned into a stock market crash. By May 1970, every stock had dropped by 50% or more compared with the beginning of the previous year.

From 1970 to 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 increased 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 yuan.

The 322 million U.S. dollars of stock owned by Buffett six months ago was already worth 491 million U.S. dollars. By the end of 1994, it had developed into a 23 billion U.S. dollars Berkshire industrial kingdom. It was no longer a spinning mill.

Became Buffett's huge investment and financial group.

From 1965 to 1994, Buffett's stock appreciation averaged 26.77% per year, nearly 17 percentage points higher than the Dow Jones Index.

If someone had invested US$10,000 in Buffett's company in 1965, he would have received a return of US$11.3 million by 1994. In other words, if anyone had chosen Buffett 30 years ago, he would have been on a rocket to get rich.

On March 11, 2000, Buffett published this year's annual letter on Berkshire's website - a heavy letter.