Warren Buffett

The host of the program "Topic" Andrey Sharry: the man of the day of Radio Liberty February 27 is American financier Warren Buffet. According to the results of the annual study of the influential magazine "Forbes", publishing the lists of the richest people in the world, Buffett is recognized as a businessman, whose condition is growing most dynamic. Warren Buffete is 73 years old, he was born and lives in the state of Nebraska. He graduated from a local university and Colombian University, by education - art critic. The owner of the Berkshire Hatauya investment company, which invests funds and owns shares of many largest corporations. Economic consultant of the Governor of California Arnold Schwarzenegger. Married, has three children. Over the past year, Buffet's condition increased by 12 and a half billion dollars and amounted to almost $ 43 billion. In the list of Forbes magazine, Buffete took second place immediately behind Bill Gates, who remains the richest person in the world for ten years. The person of the Day of Radio Liberty is represented by the correspondent of the RS in Washington Vladimir Abarinov:

Vladimir Abarinov: Warren Buffete made his first investment when he was 11 years old. He bought three shares of $ 38, and after some time sold 40 at 40 - the profit after tax was $ 5. However, soon the price of the same shares reached $ 200. So the young exchange player received the first lesson in patience. While other brokers, trying to catch the conjuncture, sell their bags a few days later, or even hours after the purchase, Buffett was and remains one of the most unflappable and conservative investors.

In his student years, he read Benjamin Graham Smart Investor and went to Columbia University to listen to the lectures of its author, and then began to work in the company of his teacher. Graham theory says that funds must be invested not in those companies that are popular on the exchange today, but in those shares of which are sold cheaper than their real assets. Graham called them "cigar cigarette butts" - the cigarette butt has already been thrown away, but several puffs can still be done. At first, Buffete adhered to such tactics - for example, he invested in the American textile industry, which, ultimately, still could not withstand competition with foreign manufacturers. But I received a few puffs of Buffett. And then he thought: is it more reasonable to invest not in a dying business, sold at a catchy price, but in a promising one, although requiring much larger investment? The problem was to calculate this promising business, not paying attention to the forecasts of macro economists and the fashion trends of Wall Street. One of these projects with a distant sight was investment in the company "Coca-Cola". In 1988, when Buffete began to buy her shares, she occupied a very modest place in exchange ratings. Five years later, the cost of its shares increased seven times. Warren Buffete really considers Coca-Cola an excellent drink and constantly drinks it himself. Under similar circumstances and with similar results, Warren Buffete became a major shareholder of Zhillet. But on the Internet, online companies, he did not put a penny - Buffett says that he is not able to imagine what will happen to such a company after 10 or 20 years. For such a period, the most sophisticated Broaches of Wall Street are not made. In general, analysts say that for many decisions adopted by Buffett, any investment company would have fired a novice broker.

The habits of the magnate are uncomplicated. He lives in a house that he bought 40 years ago, eats hamburgers and steaks, and not too generous philanthropist. His wife Susan continues to appear with him in public, but for almost 30 years now, the couple broke up. The current friend Buffete is the name of Astrid Menks, she was born in Latvia and worked as a waitress in a cafe, where Buffetta and met her. If one of his three children is up to the business, he is always ready to help-on the same conditions on which any other business partner would help. Judging the children money, he requires return. In his own words, he intends to bequeath 99 percent of his capital to the Family Planning Fund.

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  Andrey Shary

  I.O. Regional Director of Radio Free Europe/Radio Liberty for Russian -Sound Content

  Andrey Shary on Facebook

  Sharya@rferl.org