Warren Buffet is the chairman of Omaha based Berkshire Hathaway. Berkshire Hathaway is a fortune 500 conglomerate company. Warren buffet is now 90 years and is the CEO of Berkshire Hathaway. However Warren Buffet was never started a new company in his life. However he has been a great investor in already existing ones. If you had invested in Berkshire Hathaway when Warren Buffet became CEO in the 1960, you will be incredibly rich by now. He has one of the most tried and tested investment strategy. He has now been dubbed “the oracle of Omaha” by his admirers. This is due to his impressive investment record.
How Warren Buffet made his wealth whilst he was young.
Warren buffet wasn’t always rich. He wasn’t always a Billionaire as well. He achieved this status as one of the greatest investor of all time at the age of 53 years. What made warrant buffet so successful was good financial skills. He never bought any luxury homes or drove in fancy cars. He invested all his earnings beginning at the young age of 11. Steadily until he became a billionaire in his 50s. His simple long term trick was to invest in companies he understood and in the long term these companies will make him a steady return.
Berkshire Hathaway has been the main source of wealth for Warren buffet. He has been able to make the company one of the largest and most diversified holding company in History. He has achieved this through consistent stock market returns. Berkshire Hathaway shares have grown from just $64 when he took office as CEO to more than $300,000 per share in 2020. Achieving this great fit has taken most of his lifetime. However it doesn’t matter because he actually enjoys what he does.