WARREN BUFFETT Quote : Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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Saturday, July 4, 2009

Warren Buffett Biography

Warren Buffett was born in Omaha, Nebraska, to Howard Buffett a stockbroker turned Congressman and Leila Buffett. He worked at his grandfather's grocery store At only six years old, Buffett purchased 6-packs of Coca Cola from his grandfather's grocery store for twenty five cents and resold each of the bottles for a nickel, pocketing a five cent profit. In 1943, Buffett filed his first income tax return, deducting his bicycle and watch as a work expense for $35 for his work as newspaper delivery boy.that same year made his first stock purchase, buying Cities Services shares
for $38 each. He sold them when the price reached $40, only to see them rocket to $200 a few years later. This taught him the importance of investing in good companies for the long term. After his father was elected to Congress, Buffett was educated at Woodrow Wilson High School, Washington, D.C., where he graduated in 1947.[13] In 1945, in his freshman year of high school, Buffett and a friend spent $25 to purchase a used pinball machine, which they placed in a barber shop. Within months, they owned three machines in different locations.

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