Warren Buffett


Also found in: Encyclopedia, Wikipedia.

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.
References in periodicals archive ?
In addition to the opportunity to pitch yourself, or a certain investment deal, to Warren Buffett, winners could potentially get a large tax deduction for their donation, since it technically constitutes a charitable contribution.
The client's name was Warren Buffett, and I had the privilege of working with him on fixed income business for the next seven years.
He was once referred to by Time as the Warren Buffett of the Middle East.
If everything checks out, lean back against your pillow cross-stitched with the Warren Buffett rule and wait it out.
The book offers insights into the psychological challenges of managing a Warren Buffett portfolio (remember he's employed the same winning strategy for the past 60 years
After all, what would help Obama more right now: Repeating over and over the Buffett Rule gimmick or campaigning from now to Election Day by starting every stump speech saying: "Folks, I have an economic plan for America's future that Warren Buffett and other serious business leaders endorse - and Mitt Romney doesn't.
Entering the fifth year of what economists are calling the Great Recession, renowned investor Warren Buffett believes this is the time to look at long-term moneymaking opportunities.
Summary: WASHINGTON - Warren Buffett has called himself mega-rich, but now he's revealing how much money he made last year: $62,855,038.
On a brisk day in late October, in the hedge fund office that he frequents on New York City's Fifth Avenue, Adam Smith sat at a conference table and told of how he first created Warren Buffett.
Showcasing the likeable and successful Warren Buffett, this informative documentary reveals how he made his billions and the details of his unglamorous lifestyle.
Warren Buffett was one of three children born to Howard and Leila Buffett in the heart of the Midwest in Omaha, Nebraska in 1930.
Summary: OMAHA, June 12, 2010, SPA -- The price of lunch with billionaire investor Warren Buffett has topped $2 million again, breaking a previous record for the most expensive charity item ever sold on eBay, AP reported.