When investors think of the person and success they would most like to emulate, Warren Buffet’s name is at the top of the list. He is seen as an extremely successful and moral investor who has earned his money with dedication and diligence.
Buffet’s entire life is a testament to the American dream and what can be achieved with a smart investment. Warren Buffett is ranked number two, as the second richest man in the United States. He is unique on that list because he has made most of his wealth investing in other companies.
Warren Buffett currently chairs as CEO of his investment firm, Berkshire Hathaway. He acquired this company in the late 1960s, nurturing it and making it the most profitable and fruitful listing on the New York Stock Exchange.
Warren offers an unusual duality for a businessman. He is often described (even by himself) as an introvert with simple tastes and a scruffy appearance. Combine this shy, “grandfather-like” exterior with a commanding aptitude for investing in power and judiciously pursuing talent and business management – the combination is unstoppable.
Warren Buffett’s methodology and philosophy of life are carefully studied, he is adored, respected and recognized as the most successful investor of the 20th century in the world. Conservative in business and appearance, he is a liberal at heart, which contrasts sharply with his peers. You have set the standard and broken the stereotype that a successful businessman cannot prosper financially and uphold a strong set of ethical ideals.
Warren Buffett is a “reluctant” philanthropist. Giving money is like losing money, and Buffett doesn’t like it either. It was his wife and later his traveling companion, Susan, who inspired and encouraged Warren to donate money to various local charities. These non-profit organizations were located in regions suffering from poverty, to which she also found herself dedicated.
Although he believed that these organizations would misuse the funds and his money would go to waste, he freely donated. He supported his wife’s ideals and became an active participant in her causes that focused on abortion, birth control, and homeless youth. Together, the couple 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 loves baseball and can often be heard and quoted using baseball metaphors in his lectures, books, and interviews.
This love of baseball motivated his contribution of more than $ 1 million to the Omaha Minor League Baseball Commission to ensure that baseball remains in Nebraska. Warren also helped Grinnell College acquire a public radio station for $ 13 million. Grinnell, two years later, sold the station for $ 35 million.
Buffet was temporarily concerned about the sale, but the returned proceeds spoke for themselves. He has also indulged his liberal side by investing in the startup of a libertarian magazine in Washington DC, which ultimately failed.