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I will either become a millionaire before the age of 35 or I will kill myself by jumping from a tall building. These were the words of Warren Buffett when he was entering the world of making his dreams come true. At that time he had nothing but a passion to fulfill his dreams. Today he is one of the biggest and richest investors in the world, but his story begins in a small town where not everyone has the courage to dream.
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Warren Buffett was born on August 30, 1930 in Omaha, Nebraska, USA. His childhood was spent in an average middle-class family. His father, Howard Buffett, was a stockbroker and politician, and his mother was a housewife. When Warren was only one year old, his family lost their savings because their bank closed.
He had to pay his debts. He watched his parents struggle in poverty. His mother would sometimes skip meals to save some money for his father. He never forgot these things in his life, and this struggle further motivated him to pursue his dreams. As a child, Warren was always fascinated by numbers and patterns.
He once observed which car models frequently passed by his house. Another time, he collected soda bottle caps and calculated which drinks were in high demand. He used these childhood observations in his investment journey when he invested in big brands like Coca-Cola. At the age of 10, Warren read a book, "000 Ways to Make $1,000," which took his thinking in new directions.
This book showed him that earning money is just a skill, and it's possible to learn it if you apply your mind correctly. At a young age, Warren started his first business. He began selling chewing gum, Coca-Cola, and magazines. He started his business as a 4:00 a.m. He used to wake up at 10 am and deliver newspapers.
He understood the concept of compound interest to grow his savings and invested it in his investments. At the age of six, he learned how a small investment can grow over time. A turning point in Warren's life was when he applied to Harvard Business School but was not selected. However, this rejection became a new mode of his life.
He then joined Columbia University, where his mentor, Benjamin Graham, introduced him to the concept of value investing. This sharpened his thinking. He now understood that understanding a company's true value is more important than its market price. In 1956, at the age of 25, Warren started his own partnership firm, in which he made family and close friends partners.
In just six years, he managed a fund of $7 million, of which $ 1 million was his own. At the age of 32, he earned his first million. This was his first step. Becoming a Billionaire: Warren began investing in Berkshire Hathaway, a struggling textile company. Gradually, he took complete control of the company and transformed it into a world-class investment firm.
Today, Berkshire Hathaway is one of the world's largest and most successful companies. The secret to Warren Buffett's success is his patience and focus. He invested in major brands like Coca-Cola, American Express, and Gillette and waited for their growth. For him, earning money was a game, and he never compromised on his strategy.
Today, Warren Buffett has promised to donate 99% of his wealth. He believes that only hard-earned money can improve life. He chose to live a simple life and even today lives in a simple house and drives an ordinary car. Warren Buffett's story teaches us that if we work wholeheartedly to make our dreams come true, no difficulty can stand in our way.
His life teaches us that with patience, focus, and passion, we can achieve anything. Which book's summary would you like to know? Let us know in the comments section. Write the name of that book. If you liked this story then subscribe to the channel and join us for new business related content. Jai Hind.
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