Warren Buffet
The stereotypical ideas that come to mind when a person thinks of a billionaire are typically expressed with such words as extravagance, luxuriousness, and flamboyancy. Although these thoughts are viewed as the “norm” and are almost expected from people of the upper crust, the worlds second richest man will not be seen living in a multimillion dollar beachfront mansion, owning a fleet of lavishly expensive foreign automobiles, or even dining in a five star restaurant. Instead, the world’s second richest man actually enjoys his meals at the local Dairy Queen, accompanied with a Coca-Cola of course, he drives only one automobile, and he has lived in the same gray stucco house in Omaha, Nebraska for over four decades. Time and time again he has been described as “just a normal guy,” the only difference between him and the average American being a mere thirty-six billion dollars, thirty-eight percent ownership in an esteemed investment company, and the title of “the greatest stock market investor to ever live.” The man who is being spoken of, is of course, the “Oracle of Omaha,” also known as Warren Buffet. Being in a class of his own as a well-known and respected individual, there are many fascinating aspects o
Today, Warren Buffet is an icon for investors and businessmen. People all over the world look up to him and attempt to follow in his foot steps in hopes of a better understanding of the world of business and trade. To Warren Buffet investing is a way of life and he absolutely loves what he does. His phrase in which he states, “[I] tap dance to work each day” gives an image of how much enjoyment his job brings to him each and every day. He is a simple man and likes to keep things that way, consequently this simple way of living and thinking is reflected in his business decisions. When looking at future investments and economic opportunities, his strategies and approaches are quite straightforward. In fact, he tends to ignore economic trends, even Wall Street fashions, when applying his investment tactics. Most of his investments are in companies with low overhead costs, high-growth potential, and low price-to-earnings ratios, fortunately, these strategies are extremely successful and usually leaves the rest of the world playing catch up. Over the past forty years Warren Buffet has taken the financial world by storm, inspiring dozens of books and hundreds of websites that focus on, and closely examine, his investment decisions and business strategies. Investors from every corner of the globe hope
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Approximate Word count = 887
Approximate Pages = 4 (250 words per page double spaced)
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