Persuasive and Communication is the art of negotiation.
Warren buffet
1. Warren Buffet
Main Source: 28 Business
Thinkers who Changed the World,
by Rhymer Rigby.
Presented by: Antonia Corporán
2. In Nebraska, in the Berkshire Hathaway annual general meetings,
everyone is pleased to listen to Warren Buffet and Charlie Munger
talking about Buffet’s business performance and philosophy, and about
his perception about economic situation in general.
3. What has made him the 3rd richest man in
the world?
He only invests in
companies he understands,
whose management he
believes in, and that he
thinks have good prospects
for long-term growth.
He sat out of the dot-com boom
Investing in cigar-butt
companies.
4. He showed business aptitude since his childhood and
by the time he graduated he had already bought 40
acres of farmland.
While going to the business school of Nebraska
University he read Benjamin Graham’s book The
Intelligent Investor . (Cigar-butt companies)
5. American Express Co.
The Coca-Cola
Company
General Electric
Johnson & Johnson
Kraft Foods
Wal-mart
The Washington Post
Heinz Co.
Fruit of the loom
His fortune has
increased
from 14,500 md
a 72,700
md during the
last year .
And now Warren Buffet
is:
6. Berkshire Hathaway Chrisis
“I view derivates as time bombs for the economic system, financial
weapons of mass destruction. They’re like hell: easy to enter and
almost impossible to exit.” –Buffet about derivatives in 2002
That was Berkshire’s worst year and
he lost shares in many important
companies.
7. In 2008, most of american investors were having a
recession while Mr. Buffet’s was recovering and going
back to its golden age
8. ‘I want to give my kids just enough so that
they would feel that they could do anything,
but not so much that they would feel like
doing nothing.’
85 per cent of his Berkshire Hathaway holdings to charity is
expected to go to Bill & Melinda Gates Foundation. The value of
the gift was 3.7 billion dollars in 2006.
9. In 2010 Bill Gates proposed that the
wealthy should commit at least half their
fortunes to charity:
“…I’ve worked in an economy that rewards someone who
saves the lives of others on a battlefield with a medal,
rewards a great teacher with thank-you notes from parents,
but rewards those who can detect the mispricing of securities
with sums reaching into the billions…”
Giving part of his fortune away, he believes, is the
best way of compensating for all the good fortune
he has enjoyed.
Notes de l'éditeur
So if we assume this example as an aswer for a question, the question for this answer is not “what does Nick do?”, but “whom are those books read by?”…