Buffett, Warren Edward

Buffett, Warren Edward

Buffett, Warren Edward, 1930-, American financial executive, b. Omaha, Nebr., studied at Wharton School of Finance (1947-49), grad. Univ. of Nebraska (B.S., 1950), Columbia Univ. (M.S., 1951). After working as an investment salesman and securities analyst, he was partner (1956-69) in the investment firm Buffett Partnership, Ltd. In 1965, he acquired the textile manufacturer Berkshire Hathaway and became (1970) chairman and CEO. Through judicious investments and acquisitions of insurance, manufacturing, service, and other firms, Buffett has transformed Berkshire Hathaway into a large conglomerate, and his investments have made him one of the wealthiest people in the world. In 2006 he announced that he would donate the vast majority of his wealth to charity, with some $31 billion, the largest gift, ultimately going to the Bill and Melinda Gates Foundation. He has co-authored Warren Buffett Speaks (with J. C. Lowe, 1997) and Thoughts of Chairman Buffett (with S. Reynolds, 1998). His father, Howard Homan Buffett, 1903-64, an investment banker, was a U.S. congressman from Nebraska (1943-49, 1951-53).

See biographies by R. Lowenstein (1995) and A. Schroeder (2008); studies by A. Kirkpatrick (1992), R. G. Hagstrom (1995), and M. Buffett and D. Clark (1997).

(born Aug. 30, 1930, Omaha, Neb., U.S.) U.S. businessman and investor. He attended the University of Nebraska (B.S., 1950) and Columbia University (M.S., 1951), where he was influenced by professor Benjamin Graham's approach toward value investing—that is, purchasing shares of companies whose stocks are priced below their intrinsic value. Returning to his native Omaha, he turned $105,000 of initial investment in his Buffett Partnership (1956–69) into $105 million by the time of its dissolution. He then began investing in businesses, bought under the umbrella of the textile manufacturer Berkshire Hathaway. He is said to be the first person to have made $1 billion in the stock market. His financial reports are read eagerly by stock-market novices and experts alike for their pithy wisdom.

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Warren (wawr-enn), of old Germanic origin, is a common English language masculine given name, originally from a Germanic surname meaning "enclosure" or French surname "de Warenne" meaning "from La Varrene". It is also common as a surname. People with the name "Warren" include:

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