์๋ฌธ ๋ณด๊ธฐ
Have you ever wondered what it takes to become the richest person in the world? Does this require some miraculous invention ? Like Bill Gates or Steve Jobs did. Or does it require a significant inheritance? Today we are going to see the story of a person who neither created any new technology nor inherited any property worth billions.
He did just one thing. He taught the world how to make money from money. We are talking about Warren Buffett. The Oracle of Omaha. In the year 2008, when the whole world was facing a terrible economic recession and financial crisis. Big banks were collapsing and the stock market was falling apart like a house of cards.
At that time, a 78-year-old man was sitting in his office quietly writing cheques. He was buying the biggest companies in the world. When everyone was scared, he was becoming greedy and when everyone was greedy, he was calm. But Warren Buffett's journey began in a small room in Omaha. An 11 year old boy who entered the stock market with just โน9000 $14 and who today has built an empire worth more than โน8 lakh crore.
In this 20-minute video, we will turn the unseen pages of Warren Buffett's life that made him extraordinary from ordinary. If you also want to become rich in your life, want financial freedom, then every second of this story will change your way of thinking. This story begins on 30 August 1930. Warren Buffett was born in Omaha, a small town in the US state of Nebraska.
His father, Howard Buffett, was a small stockbroker. When Warren was young, America was going through the Great Depression. People did not have money to eat. Warren witnessed the horror of poverty in his childhood, which made one thing clear in his mind. They want to become very rich. Warren was not like ordinary children.
While other children were playing, Warren played with numbers. He had a habit of counting everything. Warren did not stop after this. He started selling newspapers door to door. But here too he used his brain. He chose a route where rich people lived so that he could get more tips. By the age of 11, Warren had saved enough to do something big and that's when he bought the first stock of his life.
Cities Service Preferred Cities Service Preferred. He bought three shares at $38 per share. But the market quickly taught him a lesson. Just a few days after he bought the stock, its price dropped from $38 to $27. Warren was scared but he remained patient. As soon as the stock price came back down to $40, he sold it.
He made a small profit, but within a few weeks the stock price crossed $200. Warren had learned the biggest lesson of his life. Patience is the biggest wealth in the stock market. Finding a Mentor and Benjamin Gramm The Mentor Who Changed Everything. Warren Buffett was growing up. But his focus was not just on studies but on the knowledge hidden in books.
At the age of 19, while studying at Columbia University, he came across a book. The name of that book was The Intelligent Investor and its author was Benjamin Graham. Buffett says that this one book changed the direction of his entire life. Benjamin Graham is considered the father of value investing.
Graham's theory was simple. The stock market is not a speculative market. There is a real business behind every stock. If you buy a company at a price lower than its intrinsic value, you will never incur a loss. Warren was so impressed with Benjamin Graham that he wanted to work under him. Graham initially refused him, but Warren refused to give up.
He offered to work for Graham's firm for free. Here Warren learned the method of cigarette butt investing. This meant buying weak or dying companies at very cheap prices that still had some profit left. Just like the last puff of a cigarette thrown on the road has a little bit of puff left. But later on, another person was going to come into Warren's life.
Which was going to change his perspective forever. In 1959, Warren Buffett met Charlie Munger. Charlie was a lawyer but his mind was very sharp in business matters. Their friendship was to become one of the most successful business partnerships in history. Charlie told Warren, Warren, quit cigarette butt investing.
It is better to buy a great company at a fair price than a bad company at a cheap price. And with this thought, Berkshire Hathaway was born. Bershire Hathaway was originally a sinking textile mill. Warren bought it thinking it was very cheap. This was one of the biggest mistakes of his life as the textile mill never made profits.
But instead of giving up, Warren transformed Berkshire Hathaway into an insurance company. Here the real magic of Warren Buffett started which is called float. When people pay insurance premiums, the money remains with the company until a claim is made. Warren used this free money float to buy shares of other great companies.
He bought stakes in companies like Coca-Cola, Gillette, American Express. It was a cycle that made Bergshay Hathaway the world's largest holding company. Warren Buffett's Infallible Rules, The Philosophy of Wealth. After all, what is the secret of Warren Buffett's success? What are those rules by following which even an ordinary person can become rich ?
Let's understand his three biggest rules. Rule number one: stay away from market noise. Rule number two is the power of compounding. Rule number three, stay in your Circle of Competence, Circle of Competence. Buffett invests in businesses he understands. He did n't invest in technology companies for years because he did n't understand them.
He says you do n't need to swing the bat on every ball. Wait for the right ball. Simplicity, charity and conclusion. Simplicity, Giving Back and Conclusions. Today Warren Buffett has so much wealth that he can buy every luxury in the world. But his simplicity is an example for the world. He still lives in the same three-bedroom house he bought in 1958.
He drives himself to work and has a $3 breakfast from McDonald's every morning. He does not have any expensive luxury cars or private jets for personal use. And more importantly, he has pledged to donate 99% of his wealth to the Bill & Melinda Gates Foundation and other charities. He says I do n't love money.
I love the game that I play. Money making game. So friends, what does this 20-minute story of Warren Buffett teach us? It teaches us that becoming rich is not an overnight game. This is a game of patience, discipline, continuous learning and moving on from your mistakes. If Warren Buffett can rise from the streets of Omaha to become the richest man in the world , then with the right thinking and right habits, you too can achieve any position in your life.
The market will fall as well as rise. But only those who remain calm will create history. Like this video if you learned something from this journey of Warren Buffett's life. Share it with your friends and don't forget to subscribe to our channel. Please share your thoughts in the comments below. See you in the next video. Till then keep learning, keep investing.
๋๊ธ 0