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Ernest Buffett is born
Ernest Buffett is born, father of Howard Buffett. He went on to own a grocery store. -
Howard Buffett is born
Howard Buffet is born. he is the father of Warren and the son of Ernest. -
Howard Buffett became a stockbroker
Howard gets a job at Union State Bank as a stockbroker. Only two years later the collapse begins. -
Warren is born
Oracle Arises -
Period: to
Warren Buffett: The Man, The Myth, The Legend
Fraud? More like business God. -
At 11 years old, Buffett buys his first stock
He bought 6 shares of Cities Service at $38 per share. He bought 3 for himself and 3 for his sister Doris. The stock price fell to $27 but soon went to $40. He sold the stock at $40, but, the stock shot up to $202 in the next few years. He later cited this experience as an early lesson in patience in investing. -
Warren Buys Stock
It costed him $114.75 for his three shares of Cities Service Preferred. This is one of the early investing moments in Warren's career. Shows that he started learning investment basics at a young age. -
Howard Buffett Elected to Congress
Warren's father takes a huge step in his career. Moving up the political ladder, he is elected to congress. This plays a huge role in his father's impact on Warren's life. -
Warren moves to Washington
The Buffett family moves to Washington. -
Warren files first income tax return
He filed his first tax report and got it down to $7. He deducted his wristwatch and bicycle as business expenses to lower the taxable money. -
Buffett starts company Wilson Coin Operated Machines
Buffett joins his friend Donald Danly to start a company called Wilson Coin Operated Machines. The business buys a pinball machine at a cost of $25 and places it in a nearby barber shop. Wilson Coin makes $50 per week for Buffett and Donald. -
Warren and Susie first Date
Warren's sister sets him up on a date with her roommate Susie Thompson. -
Denied from Harvard, into Colombia
Warren gets denied from Harvard business school. After finding out two well known security analysts work as professors at Colombia he applies their and personally writes one of them asking for acceptance. Warren ultimately is accepted. -
Warren joins Carnegie classes
One of his best oves, was joining the Carnegie speaking classes. these classes vastly improved hius public speaking. -
Warren marries Susie
Warren and Susie get married after the National Guard releases Warren from flood control duty for the wedding -
Susan Alice Buffett is born
Susan Buffett, the oldest of Warren's kids, is born. -
Warren works with Benjamin Graham
In 1954, Benjamin Graham called him again and offered him a job for $12,000 a year. Ben was Warren's idol. -
Ben Graham retires
Warren's mentor, Ben graham, decides to retire from investing. -
Warren runs his own partnership
Seven family members and friends put in a total of $105,000. Buffett himself invests only $100. He's now running his own partnership, and will never again work for anyone else. -
Warren meets Charlie Munger
Warren meets his eventual friend and partner after being introduced to one another. Charlie later became Vice Chairman of berkshire Hathaway. -
Huge growth in the partnership, Warren is a millionaire
The Buffett Partnership, which had begun with $105,000, was now worth $7.2 million. Warren and Susie personally own over one million of the assets. Buffett merges all of the partnerships into one entity known simply as Buffett Partnerships, Ltd. The operations are moved to Kiewit Plaza, a functional but less-than-grand office, where they remain to this day. The minimum investment is raised from $25,000 to $100,000. -
Howard Buffett dies
This obviously leaves Warren scarred as he is now fatherless. One of his biggest influences, and role models passes away leaving a huge void in bis heart. -
Closing the partnership
The Buffett Partnership, which had begun with $105,000, was now worth $7.2 million. Warren and Susie personally own over one million of the assets. Buffett merges all of the partnerships into one entity known simply as Buffett Partnerships, Ltd. The operations are moved to Kiewit Plaza, a functional but less-than-grand office, where they remain to this day. The minimum investment is raised from $25,000 to $100,000. -
SEC formally investigates Warren
The SEC opens a formal investigation against Warren. They find no fraudulent activity. -
Astrid is asked to look after Warren
In 1977 Astrid is asked by Susie to look after and help take care of Warren. When Susie and Astrid meant she was working at a restaurant. -
Susan decides to leave Warren
Susan decides that she wants to move to San Fransisco. -
Warren is introduced to Astrid
Susie, trying to look out for Warren, introduces him to Astrid. Astrid later moves in with Warren. -
Warren makes Munger a full time partner
Taking a huge step in their careers, the two officially become partners. This is a huge step for Warren and his business and relationship with Charlie. -
Warren gets on board of Capital Cities
Warren helps orchestrate the merger between ABC and Cap Cities. He is forced to leave the board of the Washington Post. The federal legislation prohibited him sitting on the boards of both Capital Cities and Kay Graham's Washington Post. -
Berkshire Hathaway Closes Textile Mills
Buffett finally shuts down the Berkshire textile mills after years of sustaining it. He refuses to allow it to drain capital from shareholders. -
Warren starts buying Coco-Cola
Buffett starts buying Coca-Cola (Beverages) and eventually gains a 7% stake in the company for $1.2 billion. -
Warren has book published about him
The Warren Buffett Way by Robert G. Hagstrom Jr. is published and becomes a bestseller. The Snowball is better. -
Berkshire completely owns GEICO.
Berkshire acquires the remaining stake in GEICO to become 100% owned subsidiary. -
Berkshire aquires a lot of companies
Ben Bridge (Jewelry)
CORT, the leading national provider of rental furniture, accessories and related services in the growing “rent-to-rent” furniture rental industry.
Justin Industries including Acme Building Brands.
Shaw Industries, the world’s largest manufacturer of tufted broadloom carpets.
Benjamin Moore, a leading manufacturer and retailer of premium paints, stains and industrial coatings that was founded in 1883. -
Bill Gates becomes a Director at Berkshire
One of Warren's good friends, Bill Gates, gets elected as a Director at Berkshire Hathaway -
Susie Buffett passes away
Warren's first wife, Susan Thompson Buffett passes away due to oral cancer. -
Stock of Berkshire Hathaway tops $100,000
In October, the price of one share of Berkshire Hathaway stock tops $100,000 for the first time. The market value of the company is $162.6 billion. -
Warren donates a lot of money
He announced hw will give away more than 80%, or about $37 billion, of his $44 billion fortune to five foundations in annual gifts of stock, starting July 2006. The largest contribution will go to the Bill and Melinda Gates Foundation. -
Warren marries Astrid
Two years after Susie's death, Warren and Astrid finally tie the knot. Their reception is a rather small one at one of Warren's kids houses. -
Receives Presidential Medal of Freedom
At a White House ceremony, President Obama calls Buffett “not only one of the world’s richest men, but also one of the most admired and respected.“ Obama praises him for demonstrating that “integrity isn’t just a good trait -- it is good for business” and for “devoting the vast majority of his wealth to those around the world who are suffering, or sick, or in need of help.” -
Warren diagnosed with Prostate Cancer
On April 17, Buffett reveals he has been diagnosed with stage I prostate cancer. But, he assures shareholders, “The good news is that I’ve been told by my doctors that my condition is not remotely life threatening or even debilitating in any meaningful way.” -
Berkshire hits $200,000
In August, the price of one share of Berkshire Hathaway stock tops $200,000 for the first time. The market value of the company is $338.2 billion.
