Warren Edward Buffett

Warren Edward Buffett

Businessman, Investor, Philanthropist

Currently at

TIMELINE

  • Buffet announced of his contribution to different firms

    Buffett announces in June that he will give away more than 80%, or about $37 billion, of his $44 billion fortune to five foundations in annual gifts of stock, starting July 2006. The largest contribution will go to the Bill and Melinda Gates Foundation.

    10-07-2006

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  • Bill Gates become the director

    Bill Gates is elected as a director for Berkshire Hathaway.

    16-06-2004

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  • $2 billion gain

    Buffett enters a deal where $11 billion worth of forward contracts is delivered in US dollars against other currencies. By April 2006, his total gain on these contracts is over $2 billion.

    13-03-2002

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  • Buffet made into the top money manager of the 20th century

    Carson Group

    Buffett is named the top money manager of the 20th century in a survey by the Carson Group, ahead of Peter Lynch and John Templeton.

    12-09-2000

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  • Berkshire acquired GEICO

    Berkshire Hathaway

    After investing first time in GEICO, Buffett continually invested in GEICO until 1996, when Berkshire acquires the remaining stake in GEICO to become 100% owned subsidiary.

    06-11-1996

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  • Buffett's biography published

    Robert G. Hagstorm

    "The Warren Buffett Way" by Robert G. Hagstrom Jr. is published and becomes a bestseller.

    20-08-1994

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  • Berkshire acquired Indemnity Company of Omaha

    Berkshire acquires Central States Indemnity Company (Insurance) of Omaha.

    12-06-1992

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  • Buffet started buying the Coca-Cola company stock

    Buffett began buying The Coca-Cola Company stock, eventually purchasing up to 7% of the company for $1.02 billion. It would turn out to be one of Berkshire's most lucrative investments, and one which it still holds.

    28-09-1988

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  • Berkshire bought some public sectors

    Berkshire buys $139 million of Washington Public Power Supply System Bonds, invests in Exxon (Oil) and Northwest Industries (Diversified).

    25-04-1984

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  • Berkshire worths a billion

    Berkshire Hathaway

    Berkshire portfolio is worth $1.3 billion.

    31-10-1983

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  • Buffet made into the Forbes millionaire list

    Forbes

    Warren’s personal net worth has ballooned to $620 million and he makes the Forbes millionaire list for the first time.

    24-08-1983

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  • Berkshire purchased Nebraska Furniture Mart

    Nebraska Furniture Mart

    Berkshire Hathaway purchases Nebraska Furniture Mart (Furniture) for $60 million.

    22-06-1983

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  • Berkshire buys stock in multiple companies

    Berkshire buys stock in RJ Reynolds (Tobacco), ALCOA (Metals and Mining), Pinkerton (Professional Services), Cleveland-Cliffs Iron (Metals and Mining), National Detroit (Banking), Times Mirror (Publishing), National Student Marketing (Financial Services).

    11-09-1980

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  • Berkshire started buying shares in multiple firms

    Berkshire starts to buy shares in General Foods (Foods), Handy & Harman (Metals and Mining), Affiliated Publications (Publishing), Media General (Publishing), FW Woolworth (Retail), Amerada Hess (Oil), Precision Steel Warehouse (Materials and Construction).

    23-08-1979

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  • Berkshire invested in SAFECO amd ABC Broadcasting

    Berkshire invests in SAFECO (Insurance), ABC Broadcasting (TV Network).

    20-04-1978

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  • Berkshire started investing in different companies

    Berkshire invests in the Buffalo Evening News (Publishing) for $32.5 million. He also invests in Interpublic (Advertising) and Ogilvy & Mather (Advertising), Kaiser Industries (Metals and Mining), and Knight-Rider (Publishing).

    18-06-1977

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  • Berkshire started investing in GEICO

    Berkshire invests $4 million in GEICO (Insurance) when its stock price was just above $2.

    28-05-1976

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  • Berkshire Hathaway bought stocks in Washington Post Company

    Berkshire starts buying stocks in the Washington Post company (Publishing). Buffett becomes close friends with Katharine Graham who controlled the company and its flagship newspaper and becomes a member of the board of directors.

    19-04-1973

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  • Buffett liquidated the partnership

    In 1969, following his most successful year, Buffett liquidated the partnership and transferred their assets to his partners.

    24-11-1969

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  • Berkshire Hathaway increased

    Berkshire acquires Sun Newspapers (Publishing), Rockford Bank (Banking), Illinois National Bank (Banking) and Blacker Printing Company (Publishing).

    15-10-1969

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  • Buffett Partnership owned 59.5% of Berkshire Hathaway

    Buffett Partnership owned 59.5% of Berkshire Hathaway. Berkshire Hathaway pays a 10 cent dividend. This is the first and only dividend it has paid ever.

    18-09-1967

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  • Invested in Walt Disney

    Buffett invested $4 million in Walt Disney after a meeting with Walt Disney himself which is almost 5% of the company.

    24-09-1965

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  • Solds Dempster for a $2.3 million gain

    Buffett solds Dempster for a $2.3 million gain, 3x times the invested amount.

    07-10-1963

  • Buffet Partnerships Ltd. started

    Buffett goes to New York to meet his old acquaintances to include more partners and raise capital. He collects a few hundreds of thousand dollars. Buffett partnerships is worth $7.2 million. Buffett then merges all partnerships into one and rename it as Buffett Partnerships Ltd.

    14-11-1962

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  • Started investing in Berkshire Hathaway

    Buffett came to know that Berkshire Hathaway selling for $8 a share and starts buying aggressively.

    10-10-1962

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  • Made his first million dollar investment

    Dempster – a windmill manufacturing company

    Buffett made his first million dollar investment in Dempster – a windmill manufacturing company. At that time Buffett was running seven partnerships; Buffett Associates, Buffett Fund, Dacee, Emdee, Glenoff, Mo-Buff, and Underwood. The partnerships were worth a few million.

    29-09-1961

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  • Buffett Associates Ltd. Created

    Buffett returned to Omaha and on May 1, created Buffett Associates Ltd. Seven family members and friends invest a total of $105k. Buffett invested only $100k.

    01-05-1956

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  • Job at Benjamin Grahams'

    Benjamin Graham

    Buffett accepted a job at Benjamin Graham's partnership. His starting salary was $12,000 a year (about $114,000 today). There he worked closely with Walter Schloss.

    23-03-1954 - Present

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  • Business School

    Columbia Business School

    Columbia

    Buffett enrolled at Columbia Business School of Columbia University. He earned a Master of Science in Economics from Columbia in 1951.

    14-05-1951

  • College

    University of Nebraska

    Omaha, Nebraska

    University of Nebraska where at 19, he graduated with a Bachelor of Science in Business Administration.

    26-08-1949

  • High School

    Wharton School of the University of Pennsylvania

    Philadelphia, Pennsylvania

    Buffet entered the Wharton School of the University of Pennsylvania in 1947.

    16-07-1947

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  • Bought a 40 acre farmland

    Buffett makes $175 a month selling Washington Post newspapers and saves $1200 to buy a 40 acre farmland in Omaha, Nebraska.

    28-07-1945

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  • Buys his first stock

    Buffett buys his first stock – 6 shares of Cities Service (now known as CITGO – an Oil company) at $38 per share. He bought 3 for himself and 3 for his sister Doris. That is all the money he had at that time. The stock price fell to $27 but soon went to $40. He sold the stock at $40, but, the stock shot up to $202 in the next few years. Thus, he gain this experience as an early lesson in patience in investing.

    24-04-1941

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