In this video, you will learn about the Oracle of Omaha.
#oracleofomaha #warrenbuffet #wallstreetmojo #investor #financialmarket
Chapters:
00:00 – Introduction
00:54 – Who is the Oracle of Omaha?
02:06 – History
03:51 – How did he become the Oracle of Omaha?
05:24 – Conclusion
Who is the Oracle of Omaha?
Warren Buffet, an American business magnate, investor, and philanthropist, is nicknamed the Oracle of Omaha.
The term Oracle refers to a person with the utmost specialty and whom people go to for guidance and to predict future events. He’s called Oracle of Omaha because Warren Buffet’s firm is based out of Omaha.
(Explained in detail in the video)
History
Warren Edward Buffet was born on 30th August 1930. In 1942, just at 12, he bought his first stock.
He began delivering the Washington Post at 13 and earned almost $2000 within 2 years. Later on, he invested $1,200 in a 40-acre farm in Nebraska.
All this led to Warren Buffet building savings of around $5,000 before he turned 20.
His investment philosophy was greatly influenced by Benjamin Graham, another legendary investor from whom he realized the relevance of value investing.
How did he become the Oracle of Omaha?
In 1962, Warren Buffet became a millionaire when he boosted his investor’s assets to over $7.2 million, of which he owned a stake worth a million dollars.
He was worth $250 million by 1982, $620 million by 1983, and he hit the billion dollar mark in 1985, in the same year Berkshire Hathaway’s stocks hit the $100,000 mark.
He is currently worth around $100 billion. He has pledged his net worth to the Melinda Gates Foundation and donated around $37 billion to his charitable endeavors.
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