Warren Edward Buffett was born on August 30, 1930 to his father Howard, a stockbroker-turned-Congressman. The only boy, he was the second of three children, and displayed an amazing aptitude for both money and business at a very early age. Acquaintances recount his uncanny ability to calculate columns of numbers off the top of his head – a feat Warren still amazes business colleagues with today.
Many people have tried to emulate Warren Buffett in terms of style or in business, especially in relation to investment ideas. But to get rich as Warren Buffett is not enough to have the intuition of making the most inspired movements, for which he was nicknamed the “Oracle of Omaha”. Buffett is successful with the money and because it is very thrifty.
When his first child was born, turned a drawer from a wardrobe in cart. For the second, borrowed a crib instead of buying one. When he stayed at the hotels, he bought water soft drinks from market to not pay for room service. He drove a Volkswagen car many years until his wife decided that this is harming the image and bought him a Cadillac.
Whether investing in large companies or make their daily purchases, chairman Berkshire Hathaway Corporation, which ranks third in the richest billionaires in the world, is guided by the idea that every penny counts.
Consequently, rather than spending on things you do not need, even insignificant amounts of money, better he invest or keep them to make them something that really brings you pleasure, like to buy a holiday.
In May 2014, Buffett wrote a provocative article in Fortune magazine on how America has made a terrible mistake in under-utilizing the talents of women, leading the way for other companies to also re-evaluate the way they hire and promote women.