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Published byRoderick Rogers Modified over 9 years ago
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Warren Buffett Illustrated Timeline By: Rachel Ostrom
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August 30, 1930 Warren Buffett was born to Howard and Leila Buffett Born in Omaha, Nebraska
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1941 11 years old Warren bought his 1 st stock ▫6 Cities Service stock ▫Half sister/half himself
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1945 14 Yrs old Has job delivering Washington Post-$175 p/month Invested $1,200 of savings to 40 acres of farmland
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1947 Senior in H.S. Warren had invested $5,000 delivering Warren’s dad told him to enroll in college/finance Went to Wharton School of Finance and Commerce in Pennsylvania-hated it “Smarter than the professors”
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1949 Warren transferred from Wharton to the University of Nebraska Graduated from college in 3 years and taking 3 summer classes His savings reached $9,800
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1950 Applied for Harvard Buisness School, turned down Enrolls at Colombia ▫Ben Graham & David Dodd- security analysts are professors
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1951 First time got interested in GEICO insurance company Graduated/wants work on Wall Street ▫Father and Graham say “no” Offers work for Graham for free- denied
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1951 (cont.) Returned home started dating Susan Thompson Purchased Texaco Station-investment- failed Started working as a stock broker
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1951 (cont) 21 years old Took Dale Carnegie public speaking course Began teaching a night class at the University of Nebraska, "Investment Principles"
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1952 April ▫Warren and Susan marry Live in $65 apartment Have 1 st child, Susie
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1954 Ben Graham offers Warren a job at his partnership Buffett's starting salary was $12,000 a year
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1956 Graham retires, partnership ends Warren’s personal savings over $140,000 Warren and family return to Omaha
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1956 May 1 st - Warren created Buffett Associates, Ltd. Only invested $100 Opened two other partnerships
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1957 Adds two more partnerships-managing 5 Susan is expecting third child Bought bigger home- $31,500
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1961 Partnerships worth millions Made 1 st $1 million dollar investment in windmill manufacturing company
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1962 Buffett merges all of the partnerships into one known simply as Buffett Partnerships, Ltd Operations are moved to Kiewit plaza Started buying Berkshire Hathaway stock-textile manufacturing firm-profitable
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1964 Buffett bought masses of American Express shares since they dropped
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1965 Warren’s father died Invested $4 million towards Walt Disney Co. American Express shares doubled
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1967 Warren Buffett was worth more than $10 million Buffett’s partnerships were worth more than $65 million
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1969 39 Yrs. Old Buffett closes the partnership and liquidates its assets to his partners
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1970 Buffett’s Partnership is dissolved Owns 29% of Berkshire Hathaway
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1974 Berkshire’s stock began falling Personal wealth cut 50%
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1977 Susan leaves Warren- heartbroken
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1979 Berkshire trades at $290 per share Warren's personal fortune is $140 million
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1981 Munger and Buffett create the Berkshire Charitable Contribution plan
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1983 Berkshire ends the year with $1.3 billion in stocks Warren's personal net worth is $620 million Makes the Forbes list Purchased Nebraska Furniture Mart
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1987 Aftermath of October Crash ▫Berkshire loses 25% of its value ▫Buffett loses $342 million personally
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1988 Buffett began purchasing Coca-Cola ▫Best investment ever
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1989 Berkshire rises over $8,000 per share Personally investments $3.8 Billion
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2004 Warren’s wife Susan dies
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2006 Buffet announced to give away 80% of his total fortune to five foundations Largest contribution going to Bill and Melinda Gates Foundation
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2007 Buffett announced he is looking for a younger successor to run his business Lou Simpson was chosen by Buffett Only six years younger
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2008 Forbes annonced Buffett as the richest man in the world
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