Warren Buffet is considered one of the biggest inversionist in the world. He is the fourth richest man with a personal fortune of 58 billion dollars.
Buffet was born in 1930 in Omaha. Since he was a child, he saved his money and figured out ways to gain more, he used to go door to door selling chewing gum, magazines, or Coca-Cola. He also worked handing out newspapers, which got him interested in the stock market and made him make his first investments; one of them in the Washington Post, whi he still has and refuses to sell.
After all the different businesses he tried, he decided to study economy in the Columbia Graduate Business School, where he was taught by Benjamin Graham, also known as "the father of investment".
Later on, Buffet and Graham worked together by studying the stock market, this was from 1950 to 1956, a period in which Buffet raised his fortune from $9'800 to $140'000.
After Graham retired, Buffet founded Buffet Associates Ltd. and Buffet Partnerships Ltd., both companies worked around the stock market.
In 1965 he bought Berkshire Hathaway, and unificated all of his businesses into this it. He kept raising his fortune by buying other companies.
Buffet used to spend his money wisely, or not spend it at all. He started making intelligent investments that little by little earned him more money, which he would use to invest again or buy businesses.
Buffet was really intelligent, and was also very determined which helped him have his objective clear. Even though neither his father or Graham wanted him to go to Wall Street, he insisted and eventually worked there. He became a millionaire by accomplishing small goals that led him to his big objective.
As Shell points out, Buffett has become one of the world’s wealthiest people by following extremely simple philosophies. He buys into solid businesses that he can easily understand and holds onto the investments for long periods of time. According to him, doing decently well in stocks is “very, very easy.”
His advice for amateur investors is:
“You don’t need to look at the prices of the stocks you own from week-to-week, or month-to-month, or even year-to-year,” says Buffett. “If you own a cross-section of American businesses, and you don’t get excited (and buy) just at the very top, and if you buy in over time, you are going to do well.”