Wishing Warren Buffett a very happy birthday, known as the Oracle of Omaha, this Nebraska native is an investing legend, philanthropist, and businessman. His upbringing will inspire you to do the very best regardless of age, it is your perseverance and dedication that make you a better businessman than a degree.
He bought his first stock at the age of 11, six shares of Cities Service Preferred (now known as CITGO) for $38 apiece. While most kids of his age would be more interested in buying Pokemon cards or reading comic books. Since Warren Buffett was a kid, he was a dedicated and hard-working kid, selling sticks of a gun in packs of five for a nickel each around his neighborhood.
His family moved from Omaha Nebraska to Washington D.C when his father was selected as a congressman. There he used to deliver The Washington Post every morning bringing $175 a month. Warren Buffett indulged in a few side gigs like selling used golf balls and collector stamps and buffing cars. He likes to hustle, and by the age of 16, he saved almost $53,000.
Today, on Warren Buffett’s 92nd birthday we have rounded up some of his best quotes that need to hear right now for the betterment of your future-
7 Best Investment Quotes from the most successful investor of the 20th century, Warren Buffett
Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1”
“Remember that the stock market is a manic depressive.”
“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”
“The most important thing to do if you find yourself in a hole is to stop digging.”
“Beware the investment activity that produces applause; the great moves are usually greeted by yawns.”
“Never invest in a business you cannot understand.”
“In the business world, the rearview mirror is always clearer than the windshield.”
This might come as shocking that he was rejected by Harvard Business School. After completing his studies at the University of Nebraska, he applied to Harvard, but his application got rejected.
After much dismal, he discovered his idol Benjamin Graham (“the father of value investing”) and David Dodd were professors at Columbia Business School. “I wrote them a letter in mid-August,” Buffett shares. “I said, ‘Dear Professor Dodd. I thought you guys were dead, but now that I found out that you’re alive and teaching at Columbia, I would really like to come.’ And he admitted me.”
