Warren Buffet, the "genius investor", celebrated his 86th birthday just yesterday. It appears Mr. Buffet has made $2 million every single day of his life. What is his formula for success?
August 31, AtoZForex – Yesterday, Warren Buffett, the CEO of Berkshire Hathaway and the ‘genius investor’ as people call him, turned 86.
$2 Million Birthday Present for Warren Buffet
Mr. Buffet is known for his talent of investing in the right projects at the right time. He is business magnate, whose wealth is accounting for about $61 billion as of the moment. As an interesting fact, his 86th birthday marked the point, where his average everyday revenue is accounting for almost $2 million.
The averaged gain of the wealth of $2 million per day – let this settle in your brain. However, this achievement was not just given to Mr. Buffet, as he worked pretty hard for it all his life.
One of Warren Buffet’s famous quotes:
“It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
Today Warren Buffet’s wealth can make him seventh on the Forbes billionaire list, as calculated by CNBC. Mr. Buffet is also the oldest CEO in the S&P 500, according to data from S&P Capital IQ.
Mr. Buffet's success
Mr. Buffet believes in the positive future of the US, as in his 2016 letter to shareholders he states “the crop of presidential candidates' "negative drumbeat" about the nation's prospects is "dead wrong."” Mr. Buffet has been always investing with confidence, as his biggest deal came in August 2015, when his company, Berkshire Hathaway, paid $37 billion for industrial and aerospace parts maker Precision Castparts.
Warren Buffet has been buying hundreds of millions worth of value in the energy company Phillips 66 and also collaborated with 3G Capital in deals with Heinz, Kraft Foods, Burger King and Tim Hortons. Additionally, Berkshire Hathaway is the owner of Dairy Queen, Geico, and Fruit of the Loom as well as it has the investments in IBM, Coca-Cola and Wells Fargo. Interestingly, Warren Buffet is one of Hillary Clinton’s supporters, as he was donating to her campaign and speaking at her rally in Omaha, Nebraska.
See also: Have EU banks prepared for financial crisis in 2016 second half?
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