August 2013
Beginner
256 pages
6h 43m
English
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Chapter 4
Warren Buffett
Invest within your circle of competence. It’s not how big the circle is that counts; it’s how well you define the parameters.
—Warren Buffett
Warren Buffett is chairman and CEO of the holding company Berkshire Hathaway Inc. based in Omaha, Nebraska. He oversees a number of the conglomerate’s subsidiaries. Renowned as the most successful investor of the twentieth century, Buffett is among the wealthiest individuals in the world.
Buffett, born in 1930, is the son of U.S. Congressman Howard Buffett. He was fascinated with making money from a very early age, buying his first stock at the age of 11. His investment philosophy was profoundly impacted by Benjamin Graham’s classic, The Intelligent Investor. Buffett has declared that book, which he read while in college, as by far the best book on investing ever written. Buffett received his master’s in economics from Columbia in 1951 under the tutelage of Benjamin Graham and David Dodd. His investment career also took off under Graham, when he worked as a securities analyst at Graham-Newman Corporation from 1954 to 1956. The Buffett partnership was started in 1957 and the rest, as the world will attest, is history.
The book value of Berkshire had a compounded annual gain of 19.8 percent between 1965 and 2011 for an overall gain in BV of 513,055 percent. This is against the compounded annual gain of 9.2 percent and overall gain of 6,397 percent of the S&P 500 index for the same period.1 The 10.6 percent annual outperformance ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.