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Warren BuffettIllustrated TimelineBy: Rachel Ostrom
August 30, 1930
•Warren Buffett was born to Howard and Leila Buffett
•Born in Omaha, Nebraska
1941
•11 years old•Warren bought his 1st stock
▫6 Cities Service stock▫Half sister/half himself
1945
•14 Yrs old•Has job delivering
Washington Post-$175 p/month
•Invested $1,200 of savings to 40 acres of
farmland
1947
•Senior in H.S.•Warren had invested $5,000
delivering •Warren’s dad told him to enroll in
college/finance•Went to Wharton School of Finance
and Commerce in Pennsylvania-hated it
•“Smarter than the professors”
1949•Warren transferred
from Wharton to the University of Nebraska
•Graduated from college in 3 years and taking 3 summer classes
• His savings reached $9,800
1950
•Applied for Harvard Buisness School, turned down
•Enrolls at Colombia ▫Ben Graham &
David Dodd-security analysts are professors
1951• First time got
interested in GEICO insurance company
• Graduated/wants work on Wall Street▫Father and Graham
say “no”• Offers work for
Graham for free-denied
1951 (cont.)
•Returned home started dating Susan Thompson
•Purchased Texaco Station-investment-failed
•Started working as a stock broker
1951 (cont)
•21 years old•Took Dale Carnegie public speaking
course •Began teaching a night class at the
University of Nebraska, "Investment Principles"
1952
•April▫Warren and
Susan marry•Live in $65
apartment•Have 1st child,
Susie
1954
•Ben Graham offers Warren a job at his partnership
•Buffett's starting salary was $12,000 a year
1956
•Graham retires, partnership ends
•Warren’s personal savings over $140,000
•Warren and family return to Omaha
1956
•May 1st- Warren created Buffett Associates, Ltd.
•Only invested $100 •Opened two other
partnerships
1957
•Adds two more partnerships-managing 5
•Susan is expecting third child
•Bought bigger home-$31,500
1961
•Partnerships worth millions
•Made 1st $1 million dollar investment in windmill manufacturing company
1962
•Buffett merges all of the partnerships into one known simply as Buffett Partnerships, Ltd
•Operations are moved to Kiewit plaza•Started buying Berkshire Hathaway stock-
textile manufacturing firm-profitable
1964
•Buffett bought masses of American Express shares since they dropped
1965
•Warren’s father died•Invested $4 million
towards Walt Disney Co.
•American Express shares doubled
1967
•Warren Buffett was worth more than $10 million
•Buffett’s partnerships were worth more than $65 million
1969
•39 Yrs. Old•Buffett closes the partnership and
liquidates its assets to his partners•Buffett closes the partnership and
liquidates its assets to his partners
1970
•Buffett’s Partnership is dissolved
•Owns 29% of Berkshire Hathaway
1974
•Berkshire’s stock began falling
•Personal wealth cut 50%
1977
•Susan leaves Warren-heartbroken
1979
•Berkshire trades at $290 per share
•Warren's personal fortune is $140 million
1981
•Munger and Buffett create the Berkshire Charitable Contribution plan
1983
•Berkshire ends the year with $1.3 billion in stocks
•Warren's personal net worth is $620 million
•Makes the Forbes list
•Purchased Nebraska Furniture Mart
1987
•Aftermath of October Crash▫Berkshire loses
25% of its value▫Buffett loses
$342 million personally
1988
•Buffett began purchasing Coca-Cola▫Best investment
ever
1989
•Berkshire rises over $8,000 per share
•Personally investments $3.8 Billion
2004
•Warren’s wife Susan dies
2006
•Buffet announced to give away 80% of his total fortune to five foundations
•Largest contribution going to Bill and Melinda Gates Foundation
2007
•Buffett announced he is looking for a younger successor to run his business
•Lou Simpson was chosen by Buffett
•Only six years younger
2008
•Forbes annonced Buffett as the richest man in the world