Warren Buffet

Warren Buffett, who is he some may ask? Warren Edward Buffett was born in Omaha, Nebraska to the proud parents Howard a politician/businessman and Leila Buffett a homemaker on August 30, 1930. He is the second oldest of three children and the only son. Buffet began his education at Rose Hill Elementary School in Omaha. A career change with Warren's father in 1942, being elected into a four year term as one of the U. S House of Representatives caused the Buffett's to have to move to Fredericksburg, Virginia to be closer to his new job. Warren continued his elementary education and attended Alice Deal Junior High school and later graduated from Woodrow High School. As a child Warren wasn't a normal kid as others, he was able to calculate columns of numbers off the top of his head. He took interests in the type of work his father was in and wanted to make money at an early age.

At the age of six years old, Buffett purchased a 6-pack of Coca-Cola from his grandfather's grocery store for twenty five cents, went from door to door and resold each of the bottles for a nickel, pocketing a five cent profit. At eleven years old Warren purchased three shares of Cities Service, at $38 per share for both himself and his sister Doris. Shortly after buying the stock, it fell to just over $27 per share. A frightened but resilient Warren held his shares until they rebounded to $40. He promptly sold them a mistake he would soon come to regret. Cities Service shot up to $200. The experience taught him one of the basic lessons of investing: Patience is a virtue. (Kennon, Joshua, about.com)

While in high school Warren carried out many successful money making ideas such as: delivering newspaper, selling weekly magazines, Coca-Cola, chewing gum, golf balls, stamps all door to door and detailing cars. He also worked in his grandfather's grocery store. In 1944, Warren filed an income tax return, and took a $35 deduction for the use of his bicycle and watch on his paper route.

During his sophomore year in high school, Buffett and a friend spent $25 to purchase a used pinball machine that they placed in a local barber shop. This business adventure made them popular and within a few months they had pinball machines in several barber shops. In 1947, at the age of seventeen Buffett graduated from high school and had never intended on continuing his education any further since he had already made $5,000 delivering newspapers. Through the persuasion of his father he stepped out and entered into Wharton Business School at the University of Pennsylvania. There he only finished two years, complaining that he knew more than the professors.

Buffett transferred to the University of Nebraska-Lincoln back home to finish out his Bachelor of Business studies when his father was defeated in the 1948 Congressional race. While working full time Buffett managed to graduate in only three years. Warren Buffett approached

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