Warren Buffett P3

America’s most beloved investor is now the world’s richest man. Soared past friend and bridge partner Bill Gates as shares of Berkshire Hathaway climbed 25% since the middle of last July. Son of Nebraska politician delivered newspapers as a boy. Filed first tax return at age 13, claiming deduction for bicycle. Studied under value investing guru Benjamin Graham at Columbia. Took over textile firm Berkshire Hathaway 1965. Today holding company invested in insurance (Geico, General Re), jewelry (Borsheim’s), utilities (MidAmerican Energy), food (Dairy Queen, See’s Candies). Also has noncontrolling stakes in Anheuser-Busch, Coca-Cola, Wells Fargo. Insurance operations flourished in 2007. “That party is over. It’s a certainty that insurance-industry profit margins, including ours, will fall significantly in 2008.” The Oracle of Omaha issued a challenge to members of The Forbes 400 in October; said he would donate million to charity if the collective group of richest Americans would admit they pay less taxes, as a percentage of income, than their secretaries. Had long promised to give away his fortune posthumously. Irrevocably earmarked the majority of his Berkshire shares to charity in 2006, mostly to the Bill & Melinda Gates Foundation. Gift was valued at billion on day of announcement; donation will far exceed that sum so long as Berkshire shares continue to rise.

America’s most beloved investor is now the world’s richest man. Soared past friend and bridge partner Bill Gates as shares of Berkshire Hathaway climbed 25% since the middle of last July. Son of Nebraska politician delivered newspapers as a boy. Filed first tax return at age 13, claiming deduction for bicycle. Studied under value investing guru Benjamin Graham at Columbia. Took over textile firm Berkshire Hathaway 1965. Today holding company invested in insurance (Geico, General Re), jewelry (Borsheim’s), utilities (MidAmerican Energy), food (Dairy Queen, See’s Candies). Also has noncontrolling stakes in Anheuser-Busch, Coca-Cola, Wells Fargo. Insurance operations flourished in 2007. “That party is over. It’s a certainty that insurance-industry profit margins, including ours, will fall significantly in 2008.” The Oracle of Omaha issued a challenge to members of The Forbes 400 in October; said he would donate million to charity if the collective group of richest Americans would admit they pay less taxes, as a percentage of income, than their secretaries. Had long promised to give away his fortune posthumously. Irrevocably earmarked the majority of his Berkshire shares to charity in 2006, mostly to the Bill & Melinda Gates Foundation. Gift was valued at billion on day of announcement; donation will far exceed that sum so long as Berkshire shares continue to rise.

2 Responses to “Warren Buffett P3”

  1. fjaviersaiz says:

    Go Warren

  2. ProLifeHelp says:

    If you’re want to read how misguided billionaire Buffet is extremely enthusiastic about the bloody slaughter of unborn babies in abortion clinics, search for these news article titles in your search engine:

    Buffett Secretly Spending Millions on Abortion Med-School Scheme: NY Times

    Warren Buffett : An Unbounded Enthusiasm for Abortion

    Planned Parenthood Pushes Abortion for Profit: Ex-Abortion Facility Director

    Massive Buffett Donations Will Fund Pro-Abortion Agenda around the World

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