1930 On August 30th, Warren Buffett was born in Omaha, Nebraska, USA.

193 1, he just turned 1 1 and jumped into the stock market and bought the first stock in his life.

From 65438 to 0947, Buffett entered the University of Pennsylvania to study finance and business management. However, he was not satisfied with the professors' brief theories. Two years later, he left without saying goodbye and was admitted to the Finance Department of Columbia University, where he studied under the famous investment theory textbook.

Benjamin Graham. Under Graham, Buffett is at home. Graham opposes speculation and advocates evaluating stocks by analyzing the profitability, assets and future prospects of enterprises. He taught Buffett a lot of knowledge and know-how. The talented Buffett soon became Graham's favorite student.

1950 Buffett's application for Harvard University was rejected.

195 1 year, Buffett got the highest A+ when he graduated from 2 1 year.

From 65438 to 0957, Buffett's capital reached $300,000, but by the end of the year it had risen to $500,000.

From 65438 to 0962, the capital of Buffett's partner company reached 7.2 million US dollars, of which 1 10,000 belonged to Buffett himself. At that time, he merged several partner enterprises into a "Buffett Partners Limited". The minimum investment has been expanded to more than 654.38 million dollars. The situation is a bit like the private equity fund or private equity investment company in China now.

From 65438 to 0964, Buffett's personal wealth reached $4 million, while the funds he was in charge of had reached $22 million.

1966 in the spring, the US stock market was bullish, but Buffett was restless. Although his stock is soaring, he finds it difficult to find cheap stocks that meet his standards. Although the crazy speculation in the stock market has brought speculators a windfall, Buffett is unmoved because he believes that the price of stocks should be based on the growth of company performance rather than speculation.

1967 10, Buffett's funds reached $65 million.

From 65438 to 0968, Buffett's stock achieved the best result in history: it rose by 59%, while the Dow Jones index rose by 9%. Buffett's funds rose to $6.5438+0.04 million, of which $25 million belonged to Buffett.

1968 In May, when the stock market was booming, Buffett informed his partners that he was retiring. Subsequently, he gradually liquidated almost all the shares of Buffett Partners.

1June, 969, the stock market plummeted and gradually evolved into a stock market crash. By May 1970, every stock had fallen by 50% or more than at the beginning of the year.

During the period of 1970-1974, the American stock market was like a deflated ball with no vitality. Sustained inflation and low growth have brought the American economy into a stagflation period. However, Buffett, who was once lost, was secretly glad to see the money coming-he found too many cheap stocks.

1972, Buffett once again focused on the newspaper industry, because he found that owning a famous newspaper was like owning a toll bridge, and any passerby had to stay and buy money. Starting from 1973, he stole the Boston Globe and Washington post from the stock market, and his involvement greatly increased Washington post's profits, with an average annual increase of 35%. After 10 years, Buffett's investment of 10 million dollars rose to 200 million.

1980, he bought 7% shares of Coca-Cola at the unit price of 10.96 USD per share. By 1985, Coca-Cola changed its business strategy and began to withdraw funds and invest in beverage production. The unit price of its shares has risen to $5 1.5, a fivefold increase. As for how much money has been earned, this figure can shock investors all over the world.

1992, CMB Fett bought 4.35 million shares of General Dynamics Company, an American high-tech defense industry company, at a price of $74 per share, and the share price rose to 1 13 yuan at the end of the year. Buffett's $322 million stock half a year ago is now worth $49 1 10,000.

By the end of 1994, 1994 had developed into a Berkshire industrial kingdom with $23 billion. It is no longer a spinning mill, but has become Buffett's huge investment and financial group. From 1965- 1994, Buffett's stock grew by an average of 26.77% every year, nearly 17 percentage points higher than the Dow Jones index. If anyone invests $65,438+00,000 in Buffett's company in 65,438+0965, he will get a return of $65,438+065,438+03 million through 65,438+0994. In other words, whoever chose Buffett 30 years ago was on the rocket to get rich.

On March 1 1, 2000, Buffett published this year's annual letter on Berkshire's website-a heavy letter. The data shows that the net income of Berkshire, the investment fund group chaired by Buffett, fell by 45% last year, from $2.83 billion to $654.38+$55.7 million. Berkshire's A-share price fell by 20% last year, which was the only decline in the 1990s. At the same time, Berkshire's book profit only increased by 0.5%, which was far lower than the growth of Standard & Poor's 2 1 in the same period, which was the first time since 1980.