2nd richest person of the world

No: 2
Warren Buffett
  • Name:Warren Buffett
  • Age: 78
  • Fortune: self made
  • Source: Berkshire Hathaway
  • Net Worth: $37.0 bil
  • Country Of Citizenship: United States
  • Residence: Omaha, Nebraska , United States, North America
  • Industry: Investments
  • Marital Status: widowed, remarried, 3 children .
Education: University of Nebraska Lincoln, Bachelor of Arts / Science
Columbia University, Master of Science

Last year America's most beloved investor was the world's richest man. This year he has to settle for second place after losing $25 billion in 12 months. Shares of Berkshire Hathaway down 45% since last March. Injected billions of dollars into Goldman Sachs, GE in exchange for preferred stock last fall; propped up insurance firm Swiss Re in February with $2.6 billion infusion. Admits he made some "dumb" investment mistakes in 2008. Upbeat about America's future: "Our economic system has worked extraordinarily well over time. It has unleashed human potential as no other system has, and it will continue to do so." Scoffs at Wall Street's over-reliance on "history-based" models: "If merely looking up past financial data would tell you what the future holds, the Forbes 400 would consist of librarians." Son of Nebraska politician delivered newspapers as a boy. Filed first tax return at age 13, claiming $35 deduction for bicycle. Studied under value investing guru Benjamin Graham at Columbia. Took over textile firm Berkshire Hathaway 1965. Today holding company invested in insurance (Geico, General Re), jewelry (Borsheim's), utilities (MidAmerican Energy), food (Dairy Queen, See's Candies). Also has noncontrolling stakes in Anheuser-Busch, Coca-Cola, Wells Fargo.

Comments

Post a Comment

Popular posts from this blog

Delhi Technological University contributes in building the socio-economic infrastructure of the nation.

Image
Education and competition are the core ingredients of human culture and contribute in building the socio-economic infrastructure of the nation. India has emerged as an economic power in providing education to the masses. Universities, being the repository as well as the distributor of higher learning must take the necessary steps to modify the present educational system qualitatively as well as quantitatively.   We identify the existence of public socio-health problems and bring them to our research labs, develop technology-driven solutions to address such challenging an environment, thereby aiming at making the emerging world – a disease-free tomorrow. We are, thus, proud contributors of this socio-technological transformation, encouraging students with a spirit to cater to the needs of our contemporary society. Research playing the core role, our Department of Biotechnology has always supported technical advancement through cognitive and collaborative enterprise...
Read more

India ranks 4th among money obsessed nations

Image
India ranks 4th among money obsessed nations Bangalore: With importance of money being increased after financial crisis, India has emerged one of those nations, which believes the saying "money talks" more than people in other countries, and typically thinks that cash is very important. According to the World Journal, a public survey launched by Reuters and Ipsos, India ranks fourth with 78 percent of its people placing greater value on money after the financial crisis, which is followed by Russia, Turkey and Brazil. But, there are84 percent of respondents from China, Japan and Korea. "Money confirms a person's success" is a common opinion among people from these countries. 69 percent of Chinese and Korean's agree, while 67 percent of Indian's and 63 percent of Japanese support it too. However, most European people, especially the Dutch at 50 percent, think money is no more important than before. Following the Dutch, Mexican's, German's, Briton...
Read more

Team Raftaar of DTU won the first price in the ASME HPVC Asia Pacific Competition

Image
Team Raftaar  of Delhi Technological University   consists of energetic, imaginative, young engineers who love to have fun and love to ride their bicycle won the first price in the American Society of Mechanical Engineering ( ASME ) Human Powered Vehicle Challenge ( HPVC ) Asia Pacific Competition which was Hosted by the LNM Institute of Information Technology ( LNMIIT ) in Jaipur, India from March 3 - 5, 2017. Team Raftaar which is Human-Powered Vehicle Team, i.e. they develop vehicles which are solely powered by human force. The E-Fests (Engineering Festivals) events enable engineering students to expand their knowledge, test and showcase new skills and inspire innovation. In HPVC the students have to design and manufacture a unique and innovative vehicle which is powered solely by humans. In 2016 team Raftaar participated in ASME HPVC West (California) which was their 1 st international competition and International experience.  In past two years Team Raft...
Read more