Warren Edward Buffett, or The Second Great
>> суббота, 11 апреля 2009 г.
Of the 60 richest Americans list, the magazine Forbs-400, the investment earned his bread and butter, only one Warren Buffett - an investment, this heavyweight is $ 32.3 billion Buffett second only to Bill Gates, with its 58.7 billion dollars. Business Gates understood, is built on the replication software, and Gates - is the person that is either hated America, he cormorant, hide the keys and codes of its software products, for which from time to time at public events gets cream pie in the face.
Genius investor
Buffett - popular, loved and love. His piece of business for the masses of people, totally incomprehensible, but he is - duck, этакий nice and friendly old, such a dream grandfather an orphan, and not because he is rich, but because it is good and obayatelen. Interestingly, in the ranks of the wealthiest Americans are not as heavily with investors. In this sense, Warren Edward Buffett - a perfect attraction.
After careful study of the trajectory of his life, it seems that, will not hurry, this man has always been in the right place at the right time, with the right ideas and people.
The second observation is that the hereditary Throgmorton Street, while Buffett's father was a stockbroker, from the cradle imbibing fluids financial muses, become a brilliant mani-maker - it does not matter, it happens in the field of investment or speculation. And it is their own geniuses in music, where the real stars of the same rare and unique. He read his first book on investing at the age of 7. At 11 he wrote with chalk on the blackboard in the price of the brokerage company, where his father worked. For 16 years he has already earned $ 6000. It's not so little, and at prices 46-year. And today even those who can and can earn lots of money, say the name of Buffett and with reverent awe. In the world of the golden calf - he was a saint. He cited the study, he prays.
Not so long ago, Buffett had organized a charity fund and to collect additional contributions, put up for auction its old and shabby empty wallet. One small detail adorns this trivial, in general, history. He said that he would invest in the wallet a note to the recommendation, which the paper must be purchased next year. Wallet left at auction for 400,000 dollars. So even the view of the man who is forever in opposition to Wall Street, it is very expensive. This is understandable, if you look at the schedule (Fig. 1), illustrating his work - the history of shares of the company Berkshire Hathaway (ticker - BRKA). The present value of the shares at the time of writing this article was more than $ 71000 per share. In this price action is not available, and uninteresting stayam traders, piranhas - they feed in shallow water, here they do not snatch, the price of the entrance to the transaction is very high. Even so, see a solid and substantial style Buffett - no split, stable and smooth growth to the level of $ 8 per share for the past 37 years.
Fig. 1. The historical graph of the company's shares "The Berkshire Hathaway".
In 1962, he discovered a textile company "The Berkshire Hathaway", which became unprofitable, and carrying heavy losses. If the market value of shares of $ 8 - the net asset value of Berkshire was $ 19 for 1 share. By 1965, Buffett buys 49% of the company and became managing director.
Who in his time at the start put in Berkshire, he clearly does not progadal. The man who invested in 1962 in Berkshire $ 10 thousand, now would be $ 88.750 million As Buffett and his wife Susan have invested in the fund, all earned money at that time, their combined stake is already more than $ 40 billion they now jointly own 42.7 % of the shares of the company. In this "lethargy bordering on laziness, remains the cornerstone of our investment style" - this phrase from a letter to shareholders Buffett tells us about yet another paradox of enormous empire - the giant holding company that brings together monsters American economy - a heavy pick, no one waves, all is calm and moderate efficiency.
You know what this genius investment state? 13.8 Rights to the entire empire. This is because last year they were frivolous and had to buy a computer programmer in the state, and it was 12.8. At the staff is less than 1% of revenues! He has no legal department, investor relations, strategic planning department, and other miscellaneous. All tax and business records of the corporation-old billionaire (Charlie Manger - partner Buffett, has 75) is made the old-fashioned. And while each year, Buffett surpasses Index S & P 500 by an average of 11.8%!
