Warren Buffet Self Made Billionaire
Warren Buffet hasn’t let age slow him down very much.
On his 76th birthday Warren Buffet married his long term girlfriend Astrid Menks. Then about a year ago Buffet donated about 31 billion dollars to charity, most of it going to the Gates Foundation.
How’s that for a powerful combination? The number one and number two richest men on this planet combining forces to be a force for good deeds in this world.
What a positive statement for enlightened capitalism.
How did Warren Buffet become so rich? The primary way is by making value based investment decisions and by living to be 76. Buffet is one of the gurus of the value investment approach to investing.
Warren Buffet bought control of textile firm Berkshire Hathaway in 1965. Using that company as his investment vehicle Buffet bought into companies that he understood and in whose management teams he trusted.
Then he held on. There was no attempt to out guess the market or to try and time short term exit and entry points.
The key to what made Warren Buffet so rich is simple. He did his homework, bought undervalued companies, and held on to his holdings for the long haul.
Not many people have the patience to invest like Warren Buffet. There just isn’t enough excitement in it.
However, if you want to be a billionaire in your later years, well, perhaps you should consider the Warren Buffet approach. The younger you are when you start the more likely you are to be successful.
