Warren Buffett P7

America's most beloved investor is now the world's richest man. Soared past friend and bridge partner Bill Gates as shares of Berkshire Hathaway climbed 25% since the middle of last July. Son of Nebraska politician delivered newspapers as a boy. Filed first tax return at age 13, claiming $35 deduction for bicycle. Studied under value investing guru Benjamin Graham at Columbia. Took over textile firm Berkshire Hathaway 1965. Today holding company invested in insurance (Geico, General Re), jewelry (Borsheim's), utilities (MidAmerican Energy), food (Dairy Queen, See's Candies). Also has noncontrolling stakes in Anheuser-Busch, Coca-Cola, Wells Fargo. Insurance operations flourished in 2007. "That party is over. It's a certainty that insurance-industry profit margins, including ours, will fall significantly in 2008." The Oracle of Omaha issued a challenge to members of The Forbes 400 in October; said he would donate $1 million to charity if the collective group of richest Americans would admit they pay less taxes, as a percentage of income, than their secretaries. Had long promised to give away his fortune posthumously. Irrevocably earmarked the majority of his Berkshire shares to charity in 2006, mostly to the Bill & Melinda Gates Foundation. Gift was valued at $31 billion on day of announcement; donation will far exceed that sum so long as Berkshire shares continue to rise.

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[Aurigalive]

I would invest at least 500 million with bill gates if I were Warren,

[lolians]

Thanks for posting this.

Great mentor into the world of stocks and securities.

[WowzaGuy]

I love Buffett, but I'm not sure he makes it the 'plain old honest way.' I bet he's got a lot of dope on insider moves. He's well known for being a talker. It's naive to assume he's simple, honest, and naive.

[ProLifeHelp]

@jedioncrk If you're want to read how misguided billionaire Buffet is extremely enthusiastic about the bloody slaughter of unborn babies in abortion clinics, search for these news article titles in your search engine:

Buffett Secretly Spending Millions on Abortion Med-School Scheme: NY Times

Warren Buffett : An Unbounded Enthusiasm for Abortion

Planned Parenthood Pushes Abortion for Profit: Ex-Abortion Facility Director

Massive Buffett Donations Will Fund Pro-Abortion Agenda

[jedioncrk]

awesome short biography, i could have done without all the shiny photos.

[landwarrior82]

good guy