Business Actor | Warren Buffett: The Oracle of Omaha.
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Adherence to the value investing philosophy and personal frugality seems to describe Warren Edward Buffett best, a frugality that seems surprising considering that the 79 year old entrepreneur is the third richest man in the world. The CEO of Berkshire Hathaway and a notable philanthropist, his interest in making and saving money has come a long way for this remarkable man.
His career started out small – delivering papers, selling golf balls and stamps, as well as running several pinball machines in barber shops – but it was his interest in the stock market that eventually gained him his riches. Later he worked for Benjamin Graham, a figure that played a large role in shaping up Warren Buffett’s philosophy on business, before he went out and opened his own partnership after Graham retired and closed his.
Becoming a millionaire in 1962, he still lived in a five bedroom house in Omaha even today, a house he had inhabited since 1957, and his frugal lifestyle never changed even with his raise in fortunes leading to his being the current multi-billionaire that he is today. Having slated over eighty percent of his wealth for philanthropic purposes, he would be one of the greatest entrepreneurs and philanthropists of our time.
