Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,709,535 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Warren Buffett
(redirected from Oracle of Omaha)

   Also found in: Wikipedia 0.01 sec.
Warren Buffett
An American investor and businessman. In 1962, Buffett began buying shares in Berkshire Hathaway, eventually taking a controlling stake in the company. He expanded Berkshire Hathaway's business into insurance and used the proceeds to finance other investments. These investments turned Buffett into a billionaire in 1990. In 2008, he was the richest man in the world, but dropped to second place in 2009.

Nicknamed the "Oracle of Omaha," Buffett is a major proponent of value investing, which holds that it is better to invest in companies based on their intrinsic values rather than their technical information. This philosophy generally has been highly profitable for Buffett. Between 2000 and 2010, under Buffett's guidance, Berkshire Hathaway returned 76% to shareholders.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
s richest man The guy is often referred to as the Oracle of Omaha (he hails from Omaha, NB) or the Sage of Omaha This guy took Bill Gates crown as the world?
With Berkshire Hathaway shares at almost half of their 2007 values, and billions at risk on derivatives contracts, the Oracle of Omaha admits in his annual letter to shareholders to doing "some dumb things in investments.
The government lifeline to AIG and troubles at HSBC have weighed on investor sentiment, while downbeat comments from the Oracle of Omaha have not helped.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.