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19.11.2014 15:09 - wb life
Автор: sani110 Категория: Забавление   
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Последна промяна: 23.12.2014 14:38


Aug 30, 1930: Warren Edward Buffett is born to his parents, Howard and Leila Buffett, in Nebraska.

1938: At 8, Warren reads a book about stock and exchange

1941: At 11, Warren purchases 6 shares of Cities Service preferred stock (3 shares for himself, 3 for his sister, Doris), at a cost of $38 per share. The company falls to USD 27 but shortly climbs back to USD 40. Warren & Doris sell their stock. Almost immediately, it shoots up to over USD 200 per share.

1943: Warren declares to a friend of the family that he will be a millionaire by the time he turns 30 or he"ll jump off the tallest building in Omaha."

1945: Warren is making USD 175 monthly delivering Washington Post newspapers. he(=14) invests USD 1,200 of his savings into 40 acres of farmland.

1947: Warren and a friend purchase a used pinball machine at a cost of USD 25. Buffett begins to think about the potential profit, and places it in a nearby Barber Shop. Within months, he owns 3 machines= in 3 different locations. The business is sold later in the year for USD 1,200 to a War Veteran.

1947: Warren has earned over USD 5,000 delivering newspapers. His father presses him to attend college, a suggestion Warren does not take well. Nevertheless, that year, he enrolls as a freshman at the Wharton School of Finance and Commerce in Pennsylvania. Buffett hates it, complaining he knows more than the teachers.

1949: Warren is no longer enrolled at Wharton. He has transferred to the University of Nebraska.

1949: Warren is enrolled in classes, but has already begun his life. He is offered a job at J.C. Penny after college, but turns it down.
He graduates from college in only 3 years by taking his last three credits over the summer.
His savings have reached USD 9,800.

1950: Buffett applies for admission to Harvard Business School and is turned down. He eventually enrolls at Columbia after learning that Ben Graham and David Dodd, two well-known security analysts, are professors.

1951: Warren discovers Graham is on the Board of GEICO insurance.
He takes a train to Washington, D.C., and knocks on the door of its headquarters until a janitor lets him in.
After asking if anyone is working, he find a man on the 6 floor, who ends up being high up in the company.
They talk for hours while Warren questions him on the business and insurance in general. (Buffett now owns GEICO entirely).

1951: Buffett wants to go to work on Wall Street ,his father Howard and mentor Graham urge him not to.
Warren offers to work for Ben Graham for free... but Graham refuses.

1951: Warren returns home and begins dating Susan Thompson.

1951: Buffett purchases a Texaco station as a side investment. It does NOT work out as well as he hopes. Meanwhile, he is working as a stockbroker

April, 1952: Warren and Susie get married.
They rent an apartment== for USD 65 a month, and have their first child, also Susie.

1954: Ben Graham calls Warren and offers him a job at his partnership=12,000 a year.

1956: Graham retires and folds up his partnership.
Since leaving college 6 years earlier, Warren personal savings have grown from USD 9,800 to over USD 140,000.

1956: The Buffett family returns home to Omaha.
On May 1, Warren created Buffett Associates, Ltd. 7 family members and friends put in a total of USD 105,000.
Buffett himself invested only USD 100.
He was now running his own partnership, and would never again work for anyone else.
Over the course of the year, he opened 2 additional partnership, eventually bringing the number under his management to 3. Years later, they would all be consolidated into 1.

1957: Buffett adds 2 more partnerships to his collection. He is now managing 5 investment partnerships from his home.

1957: With Susan about to have her third child, Warren purchases a 5-bedroom, stucco house on Farnam street. It cost USD 31,500.

1958: The 3rd ear of the partnership completed, Buffett 2x the partners money.

1959: Warren is introduced to Charlie Munger, who will eventually become the Vice Chairman of Berkshire Hathaway, and an integral part of the companys succes.

1960: Warren asks one of his partners, a doctor, to find 10 other doctors who will be willing to invest USD 10,000 each into his partnership. Eventually, 11 doctors agreed to invest.

1961: With the partnerships now worth millions, Buffett made his first USD 1 million dollar investment in a windmill manufacturing company.

1962: Buffett returns to New York with Susie for a few weeks to raise capital from his old acquaintances. During the trip, he picks up a few partners and several hundred thousand dollars.

1962: The Buffett Partnership, which had begun with USD 105,000, was now worth USD 7.2 million. Warren and Susie personally own over USD 1 million of the assets. Buffett merges all of the partnerships into == Buffett Partnerships, Ltd. The operations are moved to Kiewit plaza, a functional but less-than-grand office, where they remain to this day. The minimum investment is raised from USD 25,000 to USD 100,000.

1962: Buffett consults Munger on Dempster, the windmill manufacturing company. Munger recommends Harry Bottle to Warren; a move that would turn out to be very profitable. Bottle cut costs, laid off workers, and caused the company to generate cash.

1962: Warren discovers a textile manufacturing firm, Berkshire Hathaway, that is selling for under USD 8 per share. He begins to buy the stock.

1963: Buffett sells Dempster for 3x the amount he invested (The almost worthless company had built a portfolio of stocks worth over USD 2 million alone during the time of Buffetts investment).

1963: The Buffett partnerships becomes the largest shareholder of Berkshire Hathaway.

1964: Due to a fraud scandal, American Express shares fall to USD 35. While the world is selling the stock==Buffett begins to buy shares en masse.

1965: Warrens father, Howard, dies.

1965: Buffett begins to purchase shares in Walt Disney Co. after meeting with Walt personally. Warren invested USD 4 million (which was equal to around 5% of the company).

1965: The American Express shares which were purchased shortly before are selling for more than 2x the price Warren paid for the them.

1965: Buffett arranges a business coup - taking control of Berkshire Hathaway at the board meeting and naming a new President, Ken Chace, to run the company.

1966: Warrens personal investment in the partnership reaches== USD 6,849,936.

1967: Berkshire pays out its first and only dividend of 10 cents.

1967: In October, Warren writes to his partners and tells them he finds no bargains in the roaring stock market of the 60s. His partnership is now worth USD 65 million.

1967: Buffett is worth, personally, more than USD 10 million. He briefly considers leaving investing and pursuing other interests.

1967: American Express hits over USD 180 per share, making the partnership USD 20 million in profit on a USD 13 million investment.

1967: Berkshire Hathaway acquires National Indemnity insurance at Buffetts direction. It pays USD 8.6 million.
1968: The Buffett Partnership earns more than USD 40 million, bringing the total value to USD 104 million.
1969: Following his most successful year, Buffett closes the partnership and liquidates its assets to his partners. Among the assets paid out are shares of Berkshire Hathaway. Warrenґs personal stake now stands at USD 25 million. He is only 39 years old.

1970: The Buffett Partnership is now completely dissolved and divested of its assets. Warren now owns 29% of the stock outstanding in Berkshire Hathaway. He names himself chairman and begins writing the annual letter to shareholders.

1970: Berkshire makes USD 45,000 from textile operations, and USD 4.7 million in insurance, banking, and investments. Warren side investments are making more than the actual company itself.

1971: Warren (at his wife request), purchases a USD 150,000 summer home at Laguna Beach south of Los Angeles.

1973: Stock prices begin to drop; Warren is euphoric. At his direction, Berkshire issues notes at 8%.

1973: Berkshire begins to acquire stock in the Washington Post Company.

1974: Due to falling stock prices, the value of Berkshires stock portfolio began to fall. Warren personal wealth was cut by over 50%.

1974: The SEC opens a formal investigation into Warren Buffett and one of Berkshireґs mergers. Nothing ever comes of it.

1977: Berkshire indirectly purchases the Buffalo Evening News for USD 32.5 million. He would later be brought up on antitrust charges by a competing paper.

1977: Susie leaves Warren, although not officially divorcing him. Warren is crushed.

1978: Susie introduces Warren to Astrid, who eventually moves in with him.

1979: Berkshire trades at USD 290 per share. Warrenґs personal fortune is approximately USD 140 million, but he was living solely on a salary of USD 50,000 per year.

1979: Berkshire begins to acquire stock in ABC.

1981: Munger and Buffett create the Berkshire Charitable Contribution plan, allowing each shareholder to donate some of the company"s profits to his or her personal charities.

1983: Berkshire ends the year with USD 1.3 billion in its corporate stock portfolio.

1983: Berkshire begins the year at USD 775 per share, and ends at USD 1,310.

Warrenґs personal net worth is USD 620 million. He makes the Forbes list for the first time.

1983: Buffett purchases Nebraska Furniture Mart for USD 60 million. It turns out to be one of his best investments yet.

1985: Warren Buffett became a billionaire, his stocks were more worth than one billion dollars. The price of BRKA share was 2.600 USD. Wurde Milliardдr, seine Aktien waren 1985 mehr als eine Milliarde Dollars wert. Kurs der Aktie BRKA war 2.600 USD.

1985: Buffett finally shuts down the Berkshire textile mills after years of sustaining it. He refuses to allow it to drain capital from shareholders.

1985: Warren helps orchestrate the merger between ABC and Cap Cities. He is forced to leave the Board of the Washington Post (Federal legislation prohibited him sitting on the Boards of both Capital Cities and Kay Grahamґs Washington Post.)

1985: Buffett purchases Scott & Fetzer for Berkshireґs collection of businesses. It costs around USD 315 million, and boasts such products as Kirby vacuums and the World Book Encyclopedia.

1986: Berkshire breaks USD 3,000 per share. 1987: In the immediate crash and aftermath of October, Berkshire loses 25% of its value, dropping from USD 4,230 per share to around USD 3,170. The day of the crash, Buffett loses 342 million dollars personally.
1988: Buffett begins buying stock in Coca-Cola, eventually purchasing up to 7 percent of the company for USD 1.02 billion. It will turn out to be one of Berkshireґs most lucrative investments.

1989: Berkshire rises from USD 4,800 per share to over USD 8,000. Warren now has a personal fortune of USD 3.8 billion.

1999: Nasdaq=(+84%), but BRK.A=( -30%).

2000-2002: during the big crash of stocks Nasdaq=( -84%) fell in 1/6. Dow Jones=(-38%) in 1/3.
Stock BRKA=( -48% )in 1/2 and fell only in the years 1999-2000, from maximum 80 300 dollars to minimum 41 300 dollars.

2004: Berkshire Hathaway holding has created a class B stock BRK.B == (1/30 * BRK.A.)

2005: July 29, Thursday : Susan Thompson Buffett, the wife of billionaire investor Warren Buffett and a director in his company died of a stroke while visiting friends in Cody, Wyoming.
She was 72.
She had shares for 3 billion dollars. Warren was with his wife when she died.

2006: August 30, Wednesday : Warren Buffett (76) married Astrid Menks (60).
2007-2009: during the big financial crisis index Nasdaq =( -54%).
Dow Jones=(-54%) .
BRKA=(-51%) in 1/2 and fell from maximum 149 200 dollars to minimum 72 400 dollars.



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