Warren Buffett Documentaries

The Life of Warren Buffett

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Executive Summary


After creating trucks of money, Warren Buffett decided to donate 2/3 of his riches to charity - Bill and Melinda Gates', to his three children, and his late wife's.


Buffett's turning point was after he shifted the Berkshire Hathaway textile mill into an insurance company. Their income soared and with that, they had more money to buy other businesses.


He focused his eye on Nebraska Furniture Mart owned by Mrs. B, a CEO who couldn't read or write. Her formula is sell cheap and tell the truth. With that, they had an annual sales of millions of dollars. One day, Buffett finally bought the business with a one-page page and pair of hands shook. They became business partners. Their partnership made more money 19 months than Berkshire had in many years with the textile company.


Buffett never stops in buying businesses. In fact, the former president of Coca Cola was Buffett's neighbor. He didn't have a hint that Buffett was buying 30,000 shares a day!


Buffett talks to his investors as his partners. He is so great that even If he made mistakes, people don't ever notice it. He is a very simple person! He wants to win anywhere, whether he's playing cards or he buying stocks. People never talked bad about him, because he can always rise up after a fall down. He can turn around things. He is a great investor who does not corrupt money from his businesses.


Buffett's records are hard to copy. He doesn't even plan to retire!

Full Transcript


After creating trucks of money, how does Warren Buffett plan to use it?


Donate it to charity. In fact, he has allotted 31 billion dollars for Gates' charity, 1 billion dollars each for each of his children's charity, and the rest of the 2/3 of his charity budget for his late wife's charity. He gave a lot more than anyone. He surprised everyone, because he's known as someone who wouldn't give money.


When Buffett's kids were young, there was a slot machine in their house and his children never got the money there. They knew their father's rule. Money should be earned from hard work.


Most people want their own name on the money, while Buffett does not think about the name on the dollars. Instead, he thinks of what the dollars will do.


Buffett is a thrifty person. He neither has fancy cars nor expensive clothes. He has everything he wants that money can buy, but he just doesn't care about lavish living.


Buffett was trained in a simple life. He is the middle child born in the 1930s in the early days of the depression. His dad was a stockbroker who lost his job early. Warren's mom skipped dinner while she prepares for the family. Buffett learned to make money on his own.


At age 6, he resold bottles of Coke. At 11, he bought stocks. Sometimes, he would also go to gas stations and collect bottle caps. At age 16, he bought new pinball machines and installed them at barbershops. His motivation was to become a millionaire at age 30.


In 1962, Buffett bought enough shares of Berkshire Hathaway to control the company after 3 years. The going got tough, but instead of selling, he bought stocks from different companies and reallocated the income to Berkshire. He became successful and greatly outperformed the Dow every year.


If there is one thing that Buffett learned, never goes into things that you don't understand. Nobody knew what he was up to, which made the post management nervous. The great thing about the situation is that they trust him enough to do whatever he wants.


Because of Buffett's dedication to business, Susie decided she wanted a life of her own. She moved to San Francisco, but never got divorced. Astrid became like a second wife, while Susie and Warren were still married.


Despite the big blow in Buffett's love life, he never lost his focus. He focused his eye on Nebraska Furniture Mart owned by Mrs. B, a CEO who couldn't read or write. She never takes a day off, because she simply enjoys business. Even at home, price tags of the furniture are displayed in case someone came to buy. Her formula is sell cheap and tell the truth. With that, they had an annual sales of millions of dollars.


One day, Buffett finally bought the business with a one-page page and pair of hands shook. Mrs. B didn't give up the company. She became a business partner of Buffett. Their partnership made more money 19 months than Berkshire had in many years with the textile company.


Buffett never stops in buying businesses. In fact, the former president of Coca Cola was Buffett's neighbor. He didn't have a hint that Buffett was buying 30,000 shares a day!


Buffett talks to his investors as his partners. He is so great that even If he made mistakes, people don't ever notice it. He is a very simple person! He wants to win anywhere, whether he's playing cards or he buying stocks. People never talked bad about him, because he can always rise up after a fall down. He can turn around things. He is a great investor who does not corrupt money from his businesses.


Buffett's records are hard to copy. He doesn't even plan to retire!