Warren Buffett: The Oracle of Omaha
The son of a stockbroker, he showed an early fascination with business and numbers.
Warren Edward Buffett was born on 30 August 1930 in Omaha, Nebraska. The son of a stockbroker, he showed an early fascination with business and numbers. At six years old, he bought packs of Coca-Cola and sold the bottles door-to-door at a profit. By 11, he purchased his first stock, three shares of Cities Service, and got his first taste of the market’s ups and downs.
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Buffett’s entrepreneurial streak continued throughout childhood. He delivered newspapers, sold golf balls, and even ran pinball machines in barbershops. After studying at the Wharton School and later graduating from the University of Nebraska, he enrolled at Columbia Business School to study under Benjamin Graham, the father of value investing.
In the 1950s, Buffett worked as an investment salesman before starting his own partnership with just over $100,000, much of it from family and friends. His disciplined focus on undervalued companies generated strong returns, and by the mid-1960s he had taken control of a struggling textile firm called Berkshire Hathaway.
Buffett gradually transformed Berkshire into a holding company, acquiring businesses like GEICO, See’s Candies, and Dairy Queen, while also taking large stakes in giants like Coca-Cola, Apple, and American Express. Known for his modest lifestyle and long-term approach, he became one of the richest people in the world and earned the nickname “The Oracle of Omaha.”
Beyond investing, Buffett pledged to give away the majority of his wealth, launching the Giving Pledge with Bill Gates to encourage billionaires to commit their fortunes to philanthropy
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Patience Pays
Warren Buffett’s genius is not in chasing the hottest trend but in waiting, and then acting with conviction. He once said, “The stock market is a device for transferring money from the impatient to the patient.”
His career is proof of that. While others rushed in and out of trades, Buffett bought businesses he understood, held them for decades, and let compounding do the heavy lifting. His modest lifestyle reinforced the same principle: resist short-term temptations so you can reap long-term rewards.
Buffett built fortune not through speed but patience. He avoided fads, bought what he understood, and let compounding do the work. His example shows that restraint is as powerful as action. In a world chasing shortcuts, he reminds us that wealth and wisdom often flow to those who wait longest.
Until next time,
The Chronicler