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Leadership Warren Buffet Essay

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Warren Edward Buffett, who was often called the “Oracle of Omaha” or the “Sage of Omaha”, born August, 30th 1930 in Omaha, Nebraska. In his early age, Mr. Buffet started working in his grandfather’s grocery store. He purchased his first stock at age 11, which he ended up making a five-dollar profit on this investment. At age 14, he started working as a newspaper delivery boy. He got his bachelor’s degree from The University of Nebraska. Mr. Buffett graduated from Columbia Business School and earned M.S. in Economics in 1951. Shortly after completing college, Warren founded the Buffet partnership.
Warren Buffet married in 1951 and had three children. In 2008, Forbes magazine had ranked Mr. Buffett as the richest person in …show more content…

Its sale has grown from a few thousand dollars to more than $107 billion. In the late 1970, it was Mr. Buffett’s decision to expand into insurance operations. Today, the company’s insurance operation is a major source of capital for Berkshire Hathaway’s other investments.
When Buffett made a decision in expanding into insurance, the insurance industry was a booming business. He always made sure Berkshire’s insurance companies maintained capital strength at exceptionally high levels. This strength differentiated Berkshire’s insurance companies from their competitors. Again this proves his market acumen and visionary ability which helped to see future trend and understand business well ahead of other rivals.
After Warren Buffett converted Berkshire Hathaway from a textile to an insurance company, he started doing strategic acquisition. Initially he looked for reinsurance companies in the United States that had sound management, but were in need of capital to expand. In today’s economic uncertainties, Buffett’s saying will remain a guiding principal for all investors:
“Be fearful when others are greedy; be greedy when others are scared for their capital”. Mr. Buffett started expanding Berkshire Hathaway’s business into life, accident and health reinsurers. He did strategic investments and acquisition in internationally-based property and casualty reinsurers. In the late 19th century, when the financial market took a

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