Warren Buffet, commonly referred to as “The Oracle of Omaha,” the American Businessman and philanthropist Warren Buffet, the 86-year-old investing tycoon, has the best track record of beating the market. The son of a U.S. congressman first bought a stock at age 11. By 16, he had amassed the equivalent of $53,000.He graduated from the University of Nebraska and also studied with Benjamin Graham at the Columbia University School of Business.
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In 1965, Warren took control of the textile manufacturer Berkshire Hathaway Inc.Then he turned it into his primary investment vehicle. In the ’90s, the major stock averages rose by hardly 11 percent annually, where Berkshire Hathaway’s publicly traded shares achieved about 28 percent every year. He was the richest man in the world in 2008. Warren Buffet also made an exceptional promise, which was to donate over 99% of his wealth. Buffett has also made many people very wealthy throughout his five-decade career because of his excellent ability to spot undervalued companies and purchase them cheaply. Warren Buffet once said, “Getting reject from Harvard was the best thing that ever happened to me. ” If investors ask who is the most significant investor of all time, Warren Buffett’s name would undoubtedly be at the top of almost everyone’s list.