Appendix A
Warren E. Buffett, A Chronological History
(A Condensed Version)
Warren E. Buffett was born August 30, 1930, in Omaha, Nebraska, to Howard and Leila Buffett. Warren adored his father, who called Warren “Fireball.”
His father was a stockbroker and in 1931 founded Buffett-Falk & Company after he lost his job at a bank that had closed the year before. He also served as a U.S. Representative from 1942 -1948 and from 1950-1952.
Warren’s first business was selling Cokes. He would buy six for 25 cents from Buffett & Son, the family grocery store, and sell them for 5 cents each.
Warren and his sister purchase six shares of Cities Service preferred stock at a cost of $38 per share. The price declines to $27, rebounds to $40 and Buffett sells. A few years later, the price increased to over $200 per share.
Buffett files his first income tax return, deducting his bicycle as a work expense.
Warren delivers (earning $175 a month) Washington Post newspapers. He and a high school friend purchased a 1928 Rolls-Royce for $350 and rented it out for $35 a day. They also ran a peanut vending machine and pinball machine business in local barber shops. They sold the business, Wilson Coin-Operated Machine Company, for $1,200.
Warren purchases 40 acres of farmland for $1,200.
Warren has earned $5,000 and enrolls as a freshman at the Wharton School of Finance and Commerce.
Warren, dissatisfied, leaves Wharton after his junior year and transfers ...

Get Warren Buffett on Business : Principles from the Sage of Omaha now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.