WARREN BUFFELT

Born

: august 30, 1930 [age 80] omaga,nebraska U.S

Nationality : American Alma mater : University of Nebraska Salary Net worth Children

Columbia Business School Berkshire Hathaway,Investor : US$ 100,000 : US$ 50 billion [2011] : Susan Alice Buffelt : Howard Graham Buffeltt PETER ANDREW buffelt

Occupation : Chairman & CEO of Berkshire

Early life of Warren Buffelt

Career
Warren Buffett was employed from 1951 54 at Buffett

falk & co. Omaha as an investmant salesman from 1954-1956 at Graham-Newman Corp. New york as a securities analyst from 1956-1969 at Buffett partnership, LTD. Omaga as a general partner and from 1970- present at Berkshire Hathaway. Omaha as its Chairman, CEO. In April 1952, Buffett discovered Graham was on the bort of GEICOinsurens Taking a train to Washington, D.C. on a Saturday, he knocked on the door of GEIOCO headguarters until a janitor allowed him in.

As a millionaire
In 1962 Buffett become a millionaire, because of his partnership wich in jan 1962 had excess of $7,178,500, of which over $1,025,000

belonged to Buffett. Buffett marged all partnerships into one partnership, Buffett invested in and eventually took control of a textile magf, firm Berkshire Hathaway.

Recognition
In 1999, Buffett was named the top money manager of the Twentieth century in a survey by the carson Group ahed of peter lynch

andjohn temleton. In 2007, he was listed among time 100 most influential people in the world. In 2011, president Barack Obamaawarded him the presitential Model of freedom.

Buffett and President Obama at the Oval Office, July 14, 2010 In addition to other political contributions over the years, Buffett has formally endorsed and

polities
In addition to other political contribution over the years, Buffett has formally endorsed and made compaign contripution

to BARACK

OBAMApresidentiol compaion.

On july 2 2008 Buffett attented a $28,500

per plate fundraiser for obama combain in national finance chair penny pritzker and her husband,as well as obama advisor valerie jarrett.

writings
Warren Buffett writings include his has annual reports and articls .
Buffett is recognized by commuicators as a

great story-teller, evidenced by his annual letters to shareholders. He warned about the pernicius effects of inflatoin.

weath
In 2008 he was ranked by forbes as riched person in the world with an estimated net worth of approximately US$62 billion. His net worth is up to $47 billion in the past 12 months.

philantropy
I dont have a problem with guile about money. The way I see it is that my money represent

an enoremous number of claim checks on society. If I wanted to ,I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life.

Buffett and tobacco

During the RJR Nabisco, inc. hostile takeover fight in 1987.
Buffett was guoted as telling John Gutfreund.

It cost a penny to make.

Sell it for a dollar. It addictive. And there fantastic brand loyalty.

Kalmath river
American Indian tribes and salmon fishermen sought win support from Warren Buffett for a proposal to remove four hydroelectric dams

from the Klamath River. He had David sokol respond that theFERC would deside the guestin.

Trade deficit
Buffett views the United states expanding trade deficit as a trend that will devalue the US dollar and US assets. He believes that the US dollar will lose value in the long run, as a result of putting a larger portion of ownership of US assets in the

hands of foreigners.

Dollar and gold

The trade deficit induced Buffett to enter the foreign currency market for the first time in 2002. However, he substantially reduced his stake in 2005 as changing interest rates increased the cost of holding currency contracts. In 1977 Buffett was also guoted as saying abou stocks ,gold, farmland, and inflation.

taxes
Buffett stated that he only paid 19% of his income for 2006 [$48.1million] in total federal taxes. While his employees paid 33% of others,despit making much less money.
How can this be fair? Buffett asked

regarding how little he pays in taxes compared to his employees. how can this be right ? He also added.

Expensing of stock option

He has been a strong proponent of stock option expensing on the income statement. At the 2004 annual meeting, he lambasted

abill before the United States congress that would consider only some company issued stock option compensation as an expense,linkening the bill to one that was almost passet by the Indian House of representative to change the the value of from 3.14159 to 3.2 trough legislative fiat.

THANK YOU