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Warren Buffett: The Second Richest Person in the World

It is easy to experience the service of brands and giant companies, but it is
way more difficult to understand the whole journey in creating the brand and
realize their efforts transforming the idea. Warren Buffett, Chairman, and
CEO of Berkshire Hathaway is the true entrepreneur and one of the brightest
students in learning business studies. He is recognized as the second richest
person in the world after Bill Gates.
Scholar Mind of Buffett
Since his childhood days, Warren Buffett’s mind was all into the share
market, business, and investments. He had a keen interest in understanding
the economy and tracking everyday market activity. He started investing
money in trading. Buffett purchased his first stock at the age of 11. For
investing more in stock, he started selling coca-cola, magazines, newspapers
and also worked in his grandfather’s grocery store for extra income.
Always being interested in academics and pursuing business studies, he
saved USD 9,899 and met Graham, who was on the board of GEICO
insurance. Buffett worked for Graham without any stipend. Then, he decided
to quit the job and returned to Omaha. He started doing classes on the
Investment principle and started a gas station. Unfortunately, it didn’t make
up to the profit, but it was a wise effort and experiment for him. The failure
he witnessed was the most potent positive sign for him to try something
different.
Formation of Berkshire Hathaway
After his knot with Susan Buffett in 1952, the company soon escalated to six
partnerships. He then was introduced to Charlie in 1959. The name Sanborn
Map Company recognized the company. Steadily moving ahead, he
expanded the business and settled himself with a position on the Board of
Sanborn.

Soon in 1962, Warren Buffett became a millionaire and merged the
partnership into one big venture. In 1999, he was recognized by the name of
the top money manager of the Twentieth Century in a survey by the Carson
Group.
When he sold Berkshire Hathaway, Warren Buffett devoted last words in a
letter, “unless it appears that circumstances have changed or unless new
partners can bring some asset to the partnership other than simply capital, I
intend to admit no additional partners to BPL.”