They have left an incomparable mark on entire generations of shareholders. When stock market giants like Warren Buffett make an investment decision, they are often followed by a stream of investors in https://exness-ar.com/login/. Here is an overview of the five great stock market gurus.
Warren Buffett - the King Midas of the financial world
King Midas turned everything he touched into gold - at least that's what a Greek legend says. So it's no wonder that Warren Buffett likes to be called the "Midas of the financial world". For nearly 50 years, he has led Berkshire Hathaway Holding, bringing profits upon profits to thousands of investors. Anyone who invested just a few $1,000 in the stock in 1965 now has a fortune of several million dollars.
Warren Buffett's curriculum vitae
Warren Buffett was born where he still lives, works and where he attracts numerous investors every year: in Omaha, Nebraska. He was born on August 30, 1930. His father was himself a broker and later a congressman. Perhaps he had an influence on his child having a strong business sense at a very young age: At the age of six (when others were just starting to do the math), Buffett began trading all sorts of things. He would buy a six-pack of Coca-Cola for 25 cents and resell them for five cents a bottle. By age eight, Buffett was devouring books about the stock market. He had his first job at age eleven with broker Harris Upham. The boy immediately invested his wages in stocks.
In 1950, Warren Buffett went to New York to earn his Master of Business Administration at Columbia University. It was here that he laid the foundation for his success. For he met his teacher Benjamin Graham. In 1952, Warren Buffett married his first wife Susan Thompson. In 1977, the couple separated, but remained married. Their three children together bonded the two until Susan's death in 2004, after which Buffett married his longtime partner.
In the 1950s, Warren Buffett bought himself a house for just under $30,000 - this is where he still lives today. Although Warren Buffett has billions in his bank account and is one of the richest men in the world, he has always remained down-to-earth. He drives a simple car, drinks Coca-Cola and maintains a simple lifestyle. At work, he does without a computer. He reads a lot, especially newspapers and business reports. One of his recent quotes is, "Reading makes you smart, reading makes you rich." That's because, in his opinion, his incredible investment successes and his insanely strong stock market instincts are due to all that reading.
In 1956, he founded his first investment company. The Buffett Partnership Ltd. consisted of four family members and three friends who together raised $105,000. Buffett put in a symbolic $100. His condition was that he did not have to give an account of how the money was invested on an ongoing basis, but only once a year. It was a concept that seemed to work: when Buffett dissolved the company in 1969, it was worth 105 million dollars.
In 1962, Warren Buffett invested in the then ailing textile company Berkshire Hathaway and took it over completely in 1965. Today, some 60 acquired companies or holdings make Berkshire Hathaway Buffett's empire. The holding company includes 11 percent of the credit card company American Express, 8 percent of Coca-Cola, 8.5 percent of the razor blade manufacturer Gillette, 17 percent of the Washington Post Company, and stakes in Wells Fargo and Walt Disney. In 1998, Berkshire Hathaway acquired General Re for $22 billion. The company is the fourth largest reinsurer in the world, an insurance company of insurance companies, so to speak. Before that, Buffett had bought about 20 percent of the world's silver production - about 4,000 tons - and thus pushed up the price of the metal in the short term. Berkshire Hathaway employs about 38,000 people. However, only twelve people work at its headquarters in Omaha.