Warren Buffett Career Highlights

1942 Bought his first shares at the age of 11.
He bought three shares of Cities Service Preferred for himself, and three for his sister
1943 - By the age of 13, Buffett was running his own businesses as a paperboy and selling
his own horseracing tip sheet. That same year, he filed his first tax return, claiming his bike
as a $35 tax deduction.
1944 Bought three pinball machines and installed them in three barber shops to
supplement his income; sold them to a war veteran for $1200
1945 Was earning $175 monthly from delivering newspaper. Bought a 40 acre farm at the
age of 14
1947 - Warren graduated from Woodrow Wilson High School of Washington D.C, finishing
17th out of 374 students. Net Worth now $6,000.
1950 - Warren read The Intelligent Investor by Benjamin Graham.
Buffett was inspired by the book The Intelligent Investor by Ben Graham which expresses
the importance in not making emotional decisions in business. It is this philosophy that has
allowed Warren Buffet to hold a regular position among the wealthiest individuals in the
world.
Collected 220 dozen golfballs and sells all of them for $1200. Net worth $9800
After he was turned down by Harvard School of Business, he enrolled in Columbia University
upon learning that Graham was a teacher there. He got a grade of A+ in Grahams
Investment class.
1951 - Graduates from Columbia University with a Masters in Economics. Warren takes a
Dale Carnegie course in public speaking.
Using what he learned, he felt confident enough to teach an "Investment Principles" night
class at the University of Nebraska-Omaha. The average age of his students was more than
twice his own.
1954 - Moved to New York to work with Ben Graham at Graham-Newman of Wall Street. His
passion to work with Ben and listen to Ben's ideas continues. Warren's salary is $12,000.
1956 - Ben Graham retired and folds his Graham-Newman Partnership, Moves back to
Omaha, Net Worth $140,000.
1958 - Bought a small 3-bedroom home in Omaha for $31,500. He still lives in the same
house today.
1962 - (By then was involved in seven partnerships) Buffett became a millionaire because of
his partnerships, which in January 1962 had an excess of $7,178,500, of which over
$1,025,000 belonged to Buffett. Buffett merged all partnerships into one partnership.
Bought textile company Berkshire Hathaway.
Net worth is $1.5 million.
1969 - Warren's Net Worth $25 million. Became Chairman of Berkshire Hathaway.
1970 - As chairman of Berkshire Hathaway, Buffett began writing his now-famous annual
letters to shareholders.
He writes only one letter each year to the CEOs of these companies, giving them goals for
the year. He never holds meetings or calls them on a regular basis.
He lived solely on his salary of $50,000 per year, and his outside investment income.
1974 - The 1973-74 bear market causes Warren's personal net worth to drop by 50%. But
Warren's buying of stock's during this bear market propels him to be viewed as one of the
best stock pickers during bear markets and in all markets
1989 Became a billionaire.
Purchased 6.3% of Coca-Cola for over one billion dollars. Net Worth $3.8 billion.
1993 - Warren is on Forbes front page. He is the wealthiest man, with a Net Worth of $8.3
billion.
2006 - Berkshire stock crosses $100,000 per share. Warren announced a donation to the
Gates Foundation, that will total $30-37 billion dollars. This was 80% of his net worth.
2008 - Ranked number one on Forbes list of World's Billionaires
2013 - Buffett was rated No. 15 on Forbes magazine's "World's Most Powerful People" list.
Net worth $53.5 billion
Interesting Facts:
Berkshire Hathaway now owns 63 companies.

He does not own a cell phone and does not have a computer on his desk.
Buffett's salary at Berkshire Hathaway is $100,000 a year, incredibly low for one of
the world's largest companies. But despite his enormous wealth, Buffett lives a
generally frugal life, still owning the home in Omaha that he bought in the 1950s.
He writes only one letter to his CEOs annually, and never holds meetings with them
nor calls them often.
He has given the CEOs only two rules: #1 Do not lose any of your shareholders
money. #2 Do not forget rule #1.
His advice to young people: Live your life as simply as possible. He also had the
following to add:
Money doesnt create man, but it is the man who created money.
Dont do what others say listen to them, but do what you feel good doing.
Dont follow brand names; just wear those things in which you feel comfortable.
Dont waste your money on unnecessary things; just spend on those things you
really need.

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1942 Bought his first shares at the age of 11.

Berkshire Hathaway now owns 63 companies.

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