Warren Buffett

Warren Buffett is a rich businessman and one of the most recognized investors on the financial markets. This American investor, nicknamed « Oracle of Omaha », is the richest man in the world according to Forbes with a fortune estimated at $62 billion in 2008.

After receiving a master’s degree in economy from Columbia University, Warren Buffet (born on August 30, 1930) began to intervene on financial markets from 1957. After having invested in a textile firm, Berkshire Hathaway, he liquidated the textile activity to launch an investment fund with the same name. In 2003, Berkshire Hathaway had about forty firms which employed 150,000 people.

Warren Buffett’s performance on the financial markets is extraordinary! After 36 years, his administrator’s performance is at 23.60% a year! This famous investor’s favorite values are Coca Cola, American Express, Gillette, Wells Fargo, Wesco Financial, Salomon Inc…

« I want to be able to explain my mistakes. That’s why I only do things I understand ».

Warren Buffett, a special man…

« He drives quite an old Lincoln, has been eating each lunch at the same place for half a century and orders a hamburger and drinks a Cherry Coca Cola. He never drinks coffee or alcohol. Billionaire - according to the average American - Warren Buffet, 72 years old, lives in the house where he settled in 1956. At this moment, he created his first investment fund, as some neighbors entrusted him their savings. He has an annual wage of only $100,000, and doesn’t want to leave his three children most of his fortune, but rather will give it to a charitable foundation » Le Monde June 2, 2003

Warren Buffett announced on Sunday June 25, 2006 his intention to give some $44 billion to the Bill & Melinda Gates foundation and to members of his own family. This decision, which concerns more than 80% of his fortune, is the biggest individual donation ever done in the United States. This philanthropist said that he wanted to give 99% of his fortune, after his death, to a good cause!

" A very rich person has to give enough to his children to enable them to do what they want, but not too much in order for them to do nothing "

At the heart of Warren Buffett’s portrait...

« What I did is not beyond everyone’s skills »

 « In Stock exchange, there are two fundamental rules to respect: the first one is not to lose, the second one is not to forget the first one. »

« You are wrong because other people agree with you. You are right because your facts are right and your reasoning is right »