Entrepreneurship Taught By Warren Buffett
By seeing that we attached entrepreneurship with Warren Buffett, you may be confused, don’t worry, we’ll get to it.
Typically, when we write these articles,
we only put one, maybe two quotes. We had trouble because Warren Buffett
had so many. Therefore, before we get into the article, here are our
favorite three:
Warren Buffett:
“I always knew I was going to be rich. I don’t think I ever doubted it for a minute.”
“It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”
“It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”
“Beware of geeks bearing formulas.”
Buffett’s Road to Entrepreneurship
Warren Edward Buffett was born August 30,
1930, in Omaha, Nebraska. His father was a local stockbroker. Buffett
was always fascinated by numbers and at the age 8, he began reading his
father’s stock books. At age 11, he marked the board at the brokerage
house where his father worked. From that age, Buffett began to think in a
very entrepreneurial way. In fact, Buffett did not want to go to
college, instead he wanted to go directly into business. His father
convince the young Buffett to attend the University of Nebraska where
Warren Buffett would end up reading a book that would change his life,
our lives and investing as we know it. This book is the still famous
Intelligent Investor by legendary investor Benjamin Graham. Buffett was
so intrigued by his writings that he applied to receive his MBA in
economics at Columbia University in New York where Benjamin was
teaching. Some people who were in the class in which Graham was teaching
and which Buffett was a student, described the classes as a
conversation between Buffett and Graham with the rest being an audience.
Eventually, Buffett was asked to join Graham’s company, the
Graham-Newman Corporation. After two years, the company disbanded.
Buffett went back to Nebraska.
Upon return to Nebraska, Buffett had only
$100 of his own money to invest. He was able to convince six investors
to put in a total of $100,000 and, in time, Buffett would make billions.
Now, many people see him as a stock picker. Warren Buffett is not a
stock-picker in the traditional sense. Instead, he is the type of person
who goes into a company and makes it better through fresh, innovative
ideas which are entrepreneurial and make money. That is why Warren
Buffett buys so much stock in one company like he did in Geico, he can
step in and make them better. Most people think of entrepreneurship as
just starting a small business and hoping it does well. Warren Buffett’s
version is just on a much more grand scale. If Buffett did not have an
entrepreneurial spirit, Berkshire Hathaway would have never been.
Warren Buffet is known as one of the
best, if not the best investor of our time. Though, if you look a little
closer at his ventures, they are quite entrepreneurial.
Ken Sundheim is President and Founder of KAS Placement “KAS Sales Recruiter”
Article Source: http://EzineArticles.com/?expert=Ken_Sundheim
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