Warren, dissatisfied, leaves Wharton after his junior year and transfers to the University of Nebraska-Lincoln College of Business Administration and graduates with a B.S. degree. His savings are now $9,800.
In 1950, Warren applies for admission to Harvard Business School but is turned down. He enrolls at Columbia Business School after learning that Benjamin Graham and David Dodd are professors there. In his senior year at Nebraska, he had read Graham's book, The Intelligent Investor.
He invests three-fourths of his net worth in GEICO.