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Wallace Buffett is the world's greatest investor and one of the richest men on the planet. On August 30th of this year, he turned 90 years old, and to honor him, we decided to share 7 interesting facts about the number one billionaire. 94% of his wealth was obtained after he turned 50. Buffett adheres to a long-term philosophy when it comes to stocks, and because of this, he spent his youth buying stocks and building a portfolio.
Over the years, he maintained this behavior, and thanks to impressive discipline, his portfolio would yield a billion-dollar fortune, but only achieved after maturity, showing a long-term mindset and admirable consistency in his behavior. His partner and associate, Charles, says that the great secret of investing is not in buying or selling stocks, but in the sphere of...
and by all indications, the billionaire waited a long time to achieve his long-awaited financial independence. Number two: He started earning money as a child, although he only became an extremely wealthy man after maturity. Buffett started generating his first sources of income early on, and in this way, he accumulated an amount equivalent to...
$53,000 in today's value when he was only 16 years old. Even in childhood, he sought ways to earn money, such as washing neighbors' cars and delivering newspapers in the neighborhood, showing from an early age a mentality that every penny counts. Similarly, he began his relationship with the stock market early on, buying his first stock at age 11, a behavior he maintains to this day.
His retirement plan is number three: he maintains a routine of simple and economical habits. Despite being one of the richest men in the world, Buffett still maintains simple habits. He has lived in the same house for 50 years and usually travels in cars considered middle-class in the United States.
Furthermore, according to his friend Bill Gates, he uses discount coupons to pay for his meals, mainly because he values every penny. Buffett, despite understanding the dynamics of the increasingly globalized and computerized world market, maintains a routine outside of technology. Besides reading periodicals and paper publications, he is also not a big fan of computers.
This philosophy also justifies the fact that he doesn't use them to communicate, using the telephone or occasionally meeting in person to communicate with friends and partners. Number four: he will become a One of the biggest donors in history, in 2006 the investor announced a public promise to donate 85 percent of his wealth to charity.
To date, the amount has been distributed and sent to five philanthropic foundations. According to him, the largest portion of the amount will be donated after his death, as while he is alive he will have the opportunity to manage the value and make it even greater. Number 5: He was rejected by Harvard University.
Despite being an investment genius, the Air in Banquet did not graduate from a prestigious school. Before beginning his academic journey, he tried to enroll in the business course at Harvard University, but he was rejected by the institution. Still, he enrolled at the prestigious Columbia University, but later moved to a university closer to his hometown where he graduated.
Number 6: He is the largest individual investor in Coca-Cola. The magnate owns about seven percent of the company's shares, and according to him, it took about 50 years from the moment he drank the beverage for the first time until he achieved this position. The company's shares are another example of his long-term vision in the stock market.
Interestingly, he is also a big consumer of the beverage, and there are reports that he consumes an average of about 6 cans of the drink every day. Number seven: He used to be terrified of public speaking. Today, the billionaire is a major reference for millions of investors around the world. Because of this, the magnate's interviews, lectures, and presentations are a source of admiration and demand; after all, everyone wants to hear what he has to say.
However, if today the investor is worth millions and considered a great orator, he had severe difficulties speaking in public. To solve this problem, he enrolled in a public speaking course when he was young. The course was taught by Deu Karnig, author of the famous book "How to Win Friends and Influence People." According to the billionaire, the course was extremely important in his life and, in addition to helping him speak in public, it also helped him in his professional life.
These were seven curiosities about the greatest investor, and they were based on a post from Subway Surfers. Which one is the most impactful for you? Share with us in the comments. Remember that we are producing various free content about... Entrepreneurship on our channel! To continue receiving our free content, subscribe to our channel and activate the notification bell to receive our updates. We hope you enjoyed it! A big hug and see you soon!





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