Buffett became a billionaire on paper when Berkshire Hathaway began selling class A shares on May 29, 1990, when the market closed at $7,175 a share. More on Warren Buffett:

In 1998, in an unusual move, he acquired General Re (Gen Re) for stock. In 2002, Buffett became involved with Maurice R. Greenberg at AIG, with General Re providing reinsurance. On March 15, 2005, AIG’s board forced Greenberg to resign from his post as Chairman and CEO under the shadow of criticism from Eliot Spitzer, former attorney general of the state of New York. On February 9, 2006, AIG and the New York State Attorney General’s office agreed to a settlement in which AIG would pay a fine of $1.6 billion. In 2010, the federal government settled with Berkshire Hathaway for $92 million in return for the firm avoiding prosecution in an AIG fraud scheme, and undergoing ‘corporate governance concessions’.

In 2002, Buffett entered in $11 billion worth of forward contracts to deliver U.S. dollars against other currencies. By April 2006, his total gain on these contracts was over $2 billion. In 2006, Buffett announced in June that he gradually would give away 85% of his Berkshire holdings to five foundations in annual gifts of stock, starting in July 2006. The largest contribution would go to the Bill and Melinda Gates Foundation. In 2007, in a letter to shareholders, Buffett announced that he was looking for a younger successor, or perhaps successors, to run his investment business. Buffett had previously selected Lou Simpson, who runs investments at Geico, to fill that role. However, Simpson is only six years younger than Buffett.

Buffett ran into criticism during the subprime crisis of 2007–2008, part of the late 2000s recession, that he had allocated capital too early resulting in suboptimal deals. “Buy American. I am.” he wrote for an opinion piece published in the New York Times in 2008. Buffett has called the 2007–present downturn in the financial sector “poetic justice”. Buffett’s Berkshire Hathaway suffered a 77% drop in earnings during Q3 2008 and several of his recent deals appear to be running into large mark-to-market losses.

Berkshire Hathaway acquired 10% perpetual preferred stock of Goldman Sachs. Some of Buffett’s Index put options (European exercise at expiry only) that he wrote (sold) are currently running around $6.73 billion mark-to-market losses. The scale of the potential loss prompted the SEC to demand that Berkshire produce, “a more robust disclosure” of factors used to value the contracts. Buffett also helped Dow Chemical pay for its $18.8 billion takeover of Rohm & Haas. He thus became the single largest shareholder in the enlarged group with his Berkshire Hathaway, which provided $3 billion, underlining his instrumental role during the current crisis in debt and equity markets.

In 2008, Buffett became the richest man in the world, with a total net worth estimated at $62 billion by Forbes and at $58 billion by Yahoo, dethroning Bill Gates, who had been number one on the Forbes list for 13 consecutive years. In 2009, Gates regained the position of number one on the Forbes list, with Buffett second. Their values have dropped to $40 billion and $37 billion, respectively, Buffett having lost $25 billion in 12 months during 2008/2009, according to Forbes.

In October 2008, the media reported that Warren Buffett had agreed to buy General Electric (GE) preferred stock. The operation included extra special incentives: he received an option to buy 3 billion GE at $22.25 in the next five years, and also received a 10% dividend (callable within three years). In February 2009, Buffett sold some of the Procter & Gamble Co, and Johnson & Johnson shares from his portfolio.

In addition to suggestions of mistiming, questions have been raised as to the wisdom in keeping some of Berkshire’s major holdings, including The Coca-Cola Company (NYSE:KO) which in 1998 peaked at $86. Buffett discussed the difficulties of knowing when to sell in the company’s 2004 annual report:

That may seem easy to do when one looks through an always-clean, rear-view mirror. Unfortunately, however, it’s the windshield through which investors must peer, and that glass is invariably fogged.

Nguồn: https://batdongsancom.com

Xem thêm bài viết khác: https://batdongsancom.com/luat-dat-dai

44 COMMENTS

  1. Its all vanity, friend.. He may sound as if if he’s a wise old man. And many may want to know what he knows. But the day you pass, his knowledge of wealth and how to acquire such —it will mean zero. Live your life. Make your mistakes. Refine and improve. Work hard at what you love. Because when your dead; It’s a wrap. Playing field leveled. This world is not worth worrying about.

  2. 1. MEN RULE no1(ONE) : Don't get married to the first hot chick that will fvck and/or svck you!
    2. MEN RULE no2(TWO) : Don't have more than one child before you are thirty! (Don't let some uterus convince u other wise!!)
    3. MEN RULE no3(THREE): Always have a prenup signed! If she is not willing to sign a contract, she is probably not going to stay with you and history states she will take your children!)

  3. Dont rush into marriage. Work, save and invest. When you have enough money to back you up, everything else falls in to place.Don’t get married and have kids, make a living first, later you raise a family!

  4. Contact john_mcneese_on Instagram or mail him on johnmcneese067@gmail.com or +12512396384 on WhatsApp(he does not take upfront payment)  if you need help about forex trading , Bitcoin, hacking your PayPal,credit score fix, bank account,western union hack,money gram,credit card hack,instagram verification, facebook and many more.. you can as well check his website newtomorrow.net
    His fast and reliable .

  5. Him just explaining the fact his lifestyle isn't really different just made a HUGE "ah ha" moment in my head. I recently started making more and thought to myself "nothing is really different". Even if I had 10 mil in the bank right now I wouldn't move or change my life anyway. It's a refreshing perspective and good reminder for me to just be grateful for what I have and give myself a break for working so hard. Thanks for this video.

  6. April 6, 2020: Make a deal with God that can't fail! *You can make this choice by loving the Lord your God, obeying him, and committing yourself firmly to him. This is the 'key' to your life. And if you love and obey the Lord, you will live long in the land the Lord swore to give your ancestors Abraham, Isaac, and Jacob. Deuteronomy 30:20

  7. When to buy a stock convince yourself logically and don’t speculate look at the facts and make an opinion and some might not like that opinion but who cares what others think

  8. Warren Buffett is an inspiration to millions of people across the planet. Here is another video about his GOLDEN RULES FOR SUCCESS: https://youtu.be/ilG1xsvNsIc

  9. Sir Warren buffettes are very broad minded person he is help to knowledge is a weapon human more help really God bless him .he is a god for poor persons .this God is very grateful personality.

  10. How to make millions, how to profit, how to invest, are you
    people insane, yes you are brainwashed to believe in fairy tales. Don’t you
    realize that you don’t even own your own name?  don’t you realize that each time you make a
    gain some one loses? Soon we will lose everything, that anything we believe we
    own is an illusion?  We are progressing
    toward the precipice. We are like sheep quietly walking towards the slaughter
    house.   When are you people going to
    realize that it’s all over?  Why the
    obsession of investing? Why can’t we live only on our productive work? We could
    if we didn’t have criminal government puppets of the criminal bankers.  Man has created an insane and diabolical
    economic system.   Money and wealth must
    only be earned by working based on the sweat of the people, and not on
    speculation based on slavery of most of the people.   Speculation is based on criminal banking
    system which feeds the criminal stock market which feeds fraudulent loans.
    Bankers have never lent one cent to anyone. All private and public debts are a
    fraud.  Of course, I regret the loss of
    loved ones’ but it seems that this pandemic will produce positive result for
    the future. Thank you, Corona virus go get them even if I am included, I would
    rather be dead than live in this world administered by criminal greedy leaders
    pretending to govern, puppets of the banking system and, greedy people which
    are slowly destroying the planet.   A
    quick death is more desirable than a slow death; we are well on this
    course.  The minority are obsessed with
    earning profit by Investing, meaning earning on the efforts or the loss of
    others.  This obsession of investing is
    destroying this planet.  The insane
    economic system is the truly destructive virus. I don't know what the fuss is
    all about. when more people have died and suffering on the consumption of sugar,
    alcohol, tobacco, auto accidents junk food, Genetically Modified food and wars
    of aggression and genocide by the US and NATO, the darlings of the banking
    system. It’s ironic that hundreds of thousands of people die on the side
    effects of prescription drugs and not a word is spoken, why the worry with this
    pandemic? We have been living on an insane pandemic for centuries. Investing
    should be allowed only when everyone shares the benefits and risk not only the
    less than .000001% of parasites.  We have
    created a system that the less you work more profit is made.  The workers create the wealth and only the
    minority of parasites share the wealth. Mankind is living in a mad house.

  11. Oh man….if only they knew that the tuition they were paying in 1999 would be considered "Cheap" when compared to what it is today.

  12. dickhead said he would've been a disaster if he was born in Afghanistan but who was the one that made war in Afghanistan????

  13. Warren Buffet is now heavily investing in China…Smart as they become the world's largest economy!!!!! He knows that debt is the real enemy of society!!!!!!!!

  14. if not doing it for the wine,
    then hell is the best place to dine,
    otherwise,
    what's the point of sitting amongst the righteous?
    ….just to freeze to death.

    true fact

  15. Check it out. I don't remember if Warren mentioned this on this very video or on one previous that I washed. But he mentioned. That everyday? For a while he was buying. Coca-Cola everyday He was dumping more money and more money and more money. Very good Check it out. If you going to buy stock. Stocks let's say you got $30,000. And you plan to buy? $3,000 of stock of this specific stock then when you have done the purchase. You plan to go and spend $3,000 more on a different stock. Remember when you're doing the purchasing the second time? You're dealing at the present moment. Okay. Let's see if this makes any sense. Why don't you sell? The stock that you first purchased and dumb. 3000 and whatever profit. Plaza 3080 were planning to buy. And by the second stock Okay. Or here's another situation. If you had $30,000. And you decide to invest $3,000. But those $30,000 are investing money. Okay. Why would you invest $3,000 and not invest more? If you want, if you are not willing to invest more, why would you invest in the first place? Any of you invest 3000? Why not invest 20000 in the same thing. If you're not willing to invest 20000 don't even bother with the 3000 in the first place.

  16. I recommend this two books to understading the Warren Buffet way of think
    The Snowball: Warren Buffett and the Business of Lif : @t
    Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage : @t

  17. A great talk. Everything still boils down to individuals mapping out the strategies for recording good success.

  18. I have a credit card that pays back 2% cash, but, I pay it off the same day I use it. By the end of the year I use the cash back for Christmas gifts. If I don't have the money to pay it off the same day I won't use it.

  19. People nowadays are changing the way they are consuming education. Online is the most efficient way to gain an MBA qualification. The technology has finally caught up with the requirements.

LEAVE A REPLY

Please enter your comment!
Please enter your name here