What was Warren Buffett's first investment? (2024)

What was Warren Buffett's first investment?

His father was in the investment business and served on the Omaha school board before being elected to Congress in 1942 as a Republican. At age 11, Buffett made his first stock purchase — three shares of Cities Service preferred at $38 per share.

What did Warren Buffett invest in to get rich?

He bought See's Candy in 1972, a purchase that generated more cash flow for investing. He also invested in American Express, Bank of America, Coca-Cola, and Apple, among many others, focusing on solid brands and businesses with a secure economic moat.

How old was Warren Buffett when he made money?

His early life set the foundation for his future achievements. By age 21, Buffett's net worth was nearly $20,000, and by 26, it had grown to $140,000. By age 30, his net worth had grown to $1 million, a significant sum compared to the average family income in the U.S. at that time, which was around $5,600 per year​​.

What was Warren Buffett's first job?

By the age of thirteen, Warren ran his own newspaper delivery service and that year he filed his first tax return. Warren continued to invest in the stock market and made money with other small jobs throughout high school. As a teenager Warren and some of his friends started their own Pinball Machine Company.

How did Warren Buffett get his initial wealth?

Warren Buffett became rich steadily over a long period of time, primarily through investing which he began doing at the age of 11. He started his own business venture as a paperboy at 13 and he also sold horse racing tip sheets.

When did Warren Buffett buy his first stock?

Lowenstein traces Warren's life from his birth in Omaha, Nebraska in 1930 to his first stock purchase at age 11, and from his study of the securities profession under Columbia University's legendary Benjamin Graham to his founding of the Buffett Partnership at age 25.

What is Warren Buffett's favorite stock?

Although old-guard favorites such as American Express (AXP) and Coca-Cola (KO) still form the core of the portfolio, Buffett & Co. have taken a shine to names such as Apple (AAPL) and Amazon.com (AMZN), and even to lesser-known firms such as Snowflake (SNOW) and Nu Holdings (NU).

How much did Warren Buffett start with?

In 1956, Graham closed his firm and Buffett, back in Omaha, decided to start his own company with $105,100 from seven partners (family and friends), of which only $100 belonged to Warren.

What are Warren Buffett's 5 rules of investing?

What religion is Warren Buffett?

Buffett worked with Christopher Webber on an animated series called "Secret Millionaires Club" with chief Andy Heyward of DiC Entertainment. The series features Buffett and Munger and teaches children healthy financial habits. Buffett was raised as a Presbyterian, but has since described himself as agnostic.

Who is Warren Buffett leaving his money to?

“My children, along with their father, have a common belief that dynastic wealth, though both legal and common in much of the world including the United States, is not desirable,” Buffett said in the statement, adding that after his death, his children would act as trustees of a charitable trust that would inherit 99% ...

How rich was Warren Buffett at 40?

Buffett's net worth went from approximately $30m to $100m from age 40 to 50. Over the span of the decade a lot happened. Via his company Berkshire Hathaway, he spent the years buying stock and sizeable shareholdings in several firms that yielded good results.

What did Warren Buffett get a degree in?

Buffett holds a bachelor's degree in business administration from the University of Nebraska, where he transferred after spending two years at The Wharton School of Business at the University of Pennsylvania. He then went to Columbia University and got a master's degree in economics.

What kind of car does Warren Buffet drive?

By all accounts, Buffett lives a frugal and simple lifestyle, and as such chooses to drive a 2014 Cadillac XTS. At that end of the day, it's a chunk of metal and it hardly defines who you are.

Where does Warren Buffet live?

Buffett still lives in the same Omaha, Nebraska, home he purchased in 1958 for $31,500. Buffett was rejected from Harvard Business School; he got a master's in economics from Columbia University instead. Rational people don't risk what they have and need for what they don't have and don't need.

What is Warren Buffett's IQ?

Warren Buffett reportedly has an IQ of over 150 (anything past 140 is considered a genius), and while it has, no doubt, helped him become one of the world's richest men, the lesson here is to value emotional intelligence (EQ) just as highly.

Who taught Warren Buffett how to invest?

Graham is considered the "father of value investing," and his two books, Security Analysis and The Intelligent Investor, defined his investment philosophy, especially what it means to be a value investor. His most famous student is Warren Buffett, who is consistently ranked among the wealthiest persons in the world.

How did Warren Buffett buy his first stock?

At the age of 11, Warren Buffett had already gotten into the investing game by buying his first stock even before entering his teens. In the spring of 1942, when he was yet to turn 12 years old, Buffett purchased six shares of Cities Service Preferred for $38 apiece.

Where is Warren Buffett's wife?

Astrid Menks Now

As of 2023, Menks and Buffet have been happily married for about 17 years. The couple still live in the house Warren bought in Omaha, Nebraska in the 50s.

How does Warren Buffett treat his employees?

Rather than basing his staff on regulations and judgment, he bases them on how much he can rely on them to perform well. Employees have the chance to succeed when leaders show them trust. As Buffett has seen, trusting employees without the proper business culture to back it up can produce subpar outcomes.

What is Warren Buffett's weakness?

Unable to bear the bureaucracy. According to Warren's own confession, his key weakness is the lack of patience when it comes to bureaucratic issues.

What is Warren Buffett's favorite business?

The excellent "rare" company will get a future earnings stream that compounds over time, or exponential growth from wisely invested capital. This is one of the reasons Buffett loves Coca-Cola (KO 0.17%). It achieves high profits without high capital redeployment.

What is the most expensive stock?

The most expensive stock listed on U.S. exchanges is Berkshire Hathaway. At the time of this writing, Berkshire Hathaway stock was trading at $623,000 a share. But that price point is for its Class A stock (BRK. A).

How rich was Warren Buffett in his 20s?

Warren Buffett's 20s: The First $100,000

When Graham retired just two years later, Buffett took what he had learned and started applying it to an investment partnership he formed with friends and relatives. By the time Buffett reached 26, his net worth was $140,000.

How much money has Warren Buffett given away?

He's donated over $50 billion since 2006. Warren Buffett has given away more than $50 billion. Warren Buffett has now given away over $50 billion to charities since 2006. That's more than his net worth when he first started to give away his fortune.