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Warren Edward Buffett
Businessman, Investor, Philanthropist
Buffet announced of his contribution to different firms
Buffett announces in June that he will give away more than 80%, or about $37 billion, of his $44 billion fortune to five foundations in annual gifts of stock, starting July 2006. The largest contribution will go to the Bill and Melinda Gates Foundation.
Bill Gates become the director
Bill Gates is elected as a director for Berkshire Hathaway.
$2 billion gain
Buffett enters a deal where $11 billion worth of forward contracts is delivered in US dollars against other currencies. By April 2006, his total gain on these contracts is over $2 billion.
Buffet made into the top money manager of the 20th century
Buffett is named the top money manager of the 20th century in a survey by the Carson Group, ahead of Peter Lynch and John Templeton.
Berkshire acquired GEICO
After investing first time in GEICO, Buffett continually invested in GEICO until 1996, when Berkshire acquires the remaining stake in GEICO to become 100% owned subsidiary.
Buffett's biography published
Robert G. Hagstorm
"The Warren Buffett Way" by Robert G. Hagstrom Jr. is published and becomes a bestseller.
Berkshire acquired Indemnity Company of Omaha
Berkshire acquires Central States Indemnity Company (Insurance) of Omaha.
Buffet started buying the Coca-Cola company stock
Buffett began buying The Coca-Cola Company stock, eventually purchasing up to 7% of the company for $1.02 billion. It would turn out to be one of Berkshire's most lucrative investments, and one which it still holds.
Berkshire bought some public sectors
Berkshire buys $139 million of Washington Public Power Supply System Bonds, invests in Exxon (Oil) and Northwest Industries (Diversified).
Berkshire worths a billion
Berkshire portfolio is worth $1.3 billion.
Buffet made into the Forbes millionaire list
Warren’s personal net worth has ballooned to $620 million and he makes the Forbes millionaire list for the first time.
Berkshire purchased Nebraska Furniture Mart
Nebraska Furniture Mart
Berkshire Hathaway purchases Nebraska Furniture Mart (Furniture) for $60 million.
Berkshire buys stock in multiple companies
Berkshire buys stock in RJ Reynolds (Tobacco), ALCOA (Metals and Mining), Pinkerton (Professional Services), Cleveland-Cliffs Iron (Metals and Mining), National Detroit (Banking), Times Mirror (Publishing), National Student Marketing (Financial Services).
Berkshire started buying shares in multiple firms
Berkshire starts to buy shares in General Foods (Foods), Handy & Harman (Metals and Mining), Affiliated Publications (Publishing), Media General (Publishing), FW Woolworth (Retail), Amerada Hess (Oil), Precision Steel Warehouse (Materials and Construction).
Berkshire invested in SAFECO amd ABC Broadcasting
Berkshire invests in SAFECO (Insurance), ABC Broadcasting (TV Network).
Berkshire started investing in different companies
Berkshire invests in the Buffalo Evening News (Publishing) for $32.5 million. He also invests in Interpublic (Advertising) and Ogilvy & Mather (Advertising), Kaiser Industries (Metals and Mining), and Knight-Rider (Publishing).
Berkshire started investing in GEICO
Berkshire invests $4 million in GEICO (Insurance) when its stock price was just above $2.
Berkshire Hathaway bought stocks in Washington Post Company
Berkshire starts buying stocks in the Washington Post company (Publishing). Buffett becomes close friends with Katharine Graham who controlled the company and its flagship newspaper and becomes a member of the board of directors.
Buffett liquidated the partnership
In 1969, following his most successful year, Buffett liquidated the partnership and transferred their assets to his partners.
Berkshire Hathaway increased
Berkshire acquires Sun Newspapers (Publishing), Rockford Bank (Banking), Illinois National Bank (Banking) and Blacker Printing Company (Publishing).
Buffett Partnership owned 59.5% of Berkshire Hathaway
Buffett Partnership owned 59.5% of Berkshire Hathaway. Berkshire Hathaway pays a 10 cent dividend. This is the first and only dividend it has paid ever.
Invested in Walt Disney
Buffett invested $4 million in Walt Disney after a meeting with Walt Disney himself which is almost 5% of the company.
Solds Dempster for a $2.3 million gain
Buffett solds Dempster for a $2.3 million gain, 3x times the invested amount.
Buffet Partnerships Ltd. started
Buffett goes to New York to meet his old acquaintances to include more partners and raise capital. He collects a few hundreds of thousand dollars. Buffett partnerships is worth $7.2 million. Buffett then merges all partnerships into one and rename it as Buffett Partnerships Ltd.
Started investing in Berkshire Hathaway
Buffett came to know that Berkshire Hathaway selling for $8 a share and starts buying aggressively.
Made his first million dollar investment
Dempster – a windmill manufacturing company
Buffett made his first million dollar investment in Dempster – a windmill manufacturing company. At that time Buffett was running seven partnerships; Buffett Associates, Buffett Fund, Dacee, Emdee, Glenoff, Mo-Buff, and Underwood. The partnerships were worth a few million.
Buffett Associates Ltd. Created
Buffett returned to Omaha and on May 1, created Buffett Associates Ltd. Seven family members and friends invest a total of $105k. Buffett invested only $100k.
Job at Benjamin Grahams'
Buffett accepted a job at Benjamin Graham's partnership. His starting salary was $12,000 a year (about $114,000 today). There he worked closely with Walter Schloss.
23-03-1954 - PresentLink
Columbia Business School
Buffett enrolled at Columbia Business School of Columbia University. He earned a Master of Science in Economics from Columbia in 1951.
University of Nebraska
University of Nebraska where at 19, he graduated with a Bachelor of Science in Business Administration.
Wharton School of the University of Pennsylvania
Buffet entered the Wharton School of the University of Pennsylvania in 1947.
Bought a 40 acre farmland
Buffett makes $175 a month selling Washington Post newspapers and saves $1200 to buy a 40 acre farmland in Omaha, Nebraska.
Buys his first stock
Buffett buys his first stock – 6 shares of Cities Service (now known as CITGO – an Oil company) at $38 per share. He bought 3 for himself and 3 for his sister Doris. That is all the money he had at that time. The stock price fell to $27 but soon went to $40. He sold the stock at $40, but, the stock shot up to $202 in the next few years. Thus, he gain this experience as an early lesson in patience in investing.