Warren Buffett, Master of Economics. Born in 1930 in Omaha, Nebraska, USA. He is a world-famous investor with major investments in stocks, electronic stocks, and fund industries. In the 2008 Forbes rankings, wealth surpassed Bill Gates to become the world's richest man. In the eleventh charity fundraiser, Buffett’s lunch auction was $2.63 million. In October 2015, the US financial magazine "Bloomberg Market" announced the fifth most influential figure in the fifth global financial market, and Buffett ranked fifth. In June 2006, Buffett announced that he would donate 10 million shares of Berkshire Hathaway B shares to the Bill and Melinda Gates Foundation, the largest charitable donation in the history of the United States. .
In 1947, Warren Buffett entered the University of Pennsylvania to study finance and business management. But he felt that the professors' short theory was not enough. After two years, they transferred to the University of Nebraska-Lincoln and earned a bachelor's degree in economics within one year. In 1950, Buffett applied for Harvard University to be rejected. He was admitted to Columbia Business School and attended the famous investment theorist Benjamin Graham. Under Graham's door, Buffett is like a duck. Graham opposes speculation and advocates evaluating stocks by analyzing factors such as profitability, asset conditions and future prospects. He teaches Buffett's rich knowledge and know-how.
In 1957, Buffett established the non-binding Buffett Investment Club, which was funded by $300,000, but rose to $500,000 at the end of the year. In 1962, Buffett Partners' capital reached $7.2 million, of which 1 million belonged to Buffett's individual. At that time, he merged several partner companies into one "Buffett Partner Co., Ltd.". The minimum investment is expanded to $100,000. In 1964, Buffett’s personal wealth reached $4 million, and at this time he was in charge of $22 million. In May 1968, when the stock market triumphed, Buffett informed the partners that he would retire. Subsequently, he gradually liquidated almost all of the shares of Buffett Partners.
Between 1970 and 1974, the US stock market was like a deflated ball. There was no trace of anger. The continuous inflation and low growth made the US economy into a period of “stagflation”. However, Buffett, who was once lost, was secretly happy because he saw that the financial resources were coming, and he found too many cheap stocks. In 1972, Buffett stared at the newspaper industry because he found that having a famous newspaper and magazine was like having a toll bridge. Any passengers must leave money to buy money. Beginning in 1973, he secretly eroded "Boston Globe" and "Washington Post" in the stock market. His involvement increased the profit of the "Washington Post" by an average of 35% per year. Ten years later, Buffett’s $10 million investment has risen to two billion. In 1980, he bought a 7% stake in Coca-Cola for $120 million at a price of $10.96 per share. By 1985, Coca-Cola changed its business strategy and began to withdraw funds and invest in beverage production. Its stock price has risen to $51.5, a fivefold increase. As for how much you earn, the number can make investors around the world scream.
On June 25, 2006, Warren Buffett signed a letter of intent for donations at the New York Public Library, officially decided to donate 85% of his wealth to five charitable foundations, or about $37.5 billion. This is the largest charitable donation in the history of the United States and the world. Buffett donated a large portion of the donation, about $30 billion, to the "Bill and Melinda Gates Foundation" established by Bill Gates, the world's richest man, and his wife. Buffett’s generous donation doubled the Gates Foundation’s disposable charitable fund overnight, reaching more than $60 billion, five times more than the world’s second-largest foundation, the Ford Foundation ($11 billion).
Since 2000, Buffett has raised funds for the Glide Foundation through online auctions. The starting price of $25,000 starts to get a chance to have dinner with Buffett. In these online auctions, the highest transaction price was $2.11 million for Chinese Zhao Danyang. On June 30, 2009, Buffett’s annual charity lunch auction ended on eBay with $1,680,300. The price is not as high as a record $2.1 million, but it is not too low in the worst recession of decades. On July 7, 2015, Buffett announced that he would donate $2.84 billion to five charities. This is Buffett’s tenth annual donation event. In 2014, his charitable donation reached $2.8 billion. In 2015, $2.84 billion was him. The largest charitable donation among individuals in fundraising. Buffett is called by the Americans "the most respectable man besides his father."