“If you don’t find a way to make money while you sleep, then you will have to work until you die” – Warren Buffet

There are many people out there who see dreams, but few are able to achieve them – Warren Buffet is one of them. Known as the world’s biggest investor, Warren Buffet made billions of dollars in the world of stocks and shares through his smart investment tactics. Due to  his smart investment decisions, Warren Buffet was named the richest person on earth in 2008. He is undeniably a self-made financial icon with a multi-billion net worth. Warren Buffett success story is the epitome of the power of determination, hard work, focus, patience, and taking calculated risks. At Tradeflock, we covered many famous personalities and entrepreneurs, but there are very few who are as renowned and legendary as Warren Buffett. 

Stride along with this write-up and get inspired by reading Warren Buffett success story. 

Origin/ Early Life 

Born in a poor family in Omaha, Nebraska in 1930, during the Great Depression, Warren Buffet had a very humble upbringing. Buffet’s father was a stockbroker and his mother worked at a movie theatre. As a child, Buffet was quite good at numbers and solving complex calculations in his mind. Though he was not ambitious as a child, he had an innate knack for making money by the time he was in high school (Rose Hill Elementary School). One specific book entitled “One Thousand Ways To Make $1000” captured his attention in the public library at the age of seven. This book can be the reason for Warren Buffett success story. He then garnered endless ways to sell whatever he could to earn money. After graduating from high school, he joined the business school at the University of Nebraska. He also received a master’s degree from Columbia University in Economics. There also he read a new book on investment by a Columbia professor named Benjamin Graham. 

Professional Career 

After graduating from college, Buffett worked at American Express as an analyst. However, he began his professional career by working as a securities analyst at Buffet Falk & Co. in Omaha, Nebraska. Buffet’s mentor Graham Newman gave him the invitation to join his company named Graham-Newman Corporation. He worked in the company for two years and became fully immersed in his mentor’s investment approach. 

Read also: Bill Gates Success Story: The Father Of Microsoft 

Build Million Dollar Company – Berkshire Hathaway

In 1965, he incorporated his own firm, Berkshire Hathaway. It was a very large and most successful venture. In 1967, he became the chairman of Berkshire Hathaway. After a year, he was offered to buy See’s Candy Company; indeed, it was the biggest investment that Buffett had ever made. In addition, he made the final purchase of the company’s stock when the book value of Berkshire Hathaway rose from $20 per share to $95. After investing more than $15.4 million in Berkshire Hathaway, his ownership over the company rose to 43%. 

Buffett has managed Berkshire for more than 50 years, and during this year it has become one of the most valuable companies in the world. Today, Berkshire Hathaway is worth over $220 billion and employs more than 300,000 people across the world. The crucial strategy that Buffett follows is to always invest in companies that are well-managed and have a long long history of success. This is the reason why Warren Buffett success story is so quintessential to read. 

Read also: Jeff Bezos Success Story: An Inspiration For Beginners 

Total Net Worth Of Warren Buffett

Warren Buffett success story is incomplete without knowing his net worth. Being the world’s fifth-richest billionaire in the world, Warren Buffet’s net worth is $109 billion (10,800 crores USD in 2023). Today, his company Berkshire Hathaway is a $705 billion market capital company, with a single share stock trading at more than $481,000 as of May 2022. The company has also invested in many big and well-known companies. 

Lessons To Learn From Warren Buffett 

Here are some of the top lessons from Warren Buffett success story that everyone must learn from: 

1. Always spend your money wisely and do not waste money on things that you don’t need. 
2. Buffett says always has a clear definition of success. He basically measures his success based on the amount of money he has. 
3. He says “dare to be different” to discover the next big things 
4. People always get scared of taking risks but he says always assess risk. Taking risks is essential but make sure you assess the risk. 

“If you buy things that you don’t need, soon you will sell things that you need” – Warren Buffett. 

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