Early life and education Warren Buffett

investor benjamin graham influential on young buffett

buffett s interest in stock market , investing dated schoolboy days spent in customers lounge of regional stock brokerage near father s own brokerage office. on trip new york city @ age ten, made point visit new york stock exchange. @ 11, bought 3 shares of cities service preferred himself, , 3 sister doris buffett (founder of sunshine lady foundation). @ age of 15, warren made more $175 monthly delivering washington post newspapers. in high school, invested in business owned father , bought 40-acre farm worked tenant farmer. bought land when 14 years old $1,200 of savings. time finished college, buffett had accumulated $9,800 in savings (about $99,000 today).

in 1947, buffett entered wharton school of university of pennsylvania. have preferred focus on business ventures; however, enrolled due pressure father. warren studied there 2 years , joined alpha sigma phi fraternity. transferred university of nebraska–lincoln @ 19, graduated bachelor of science in business administration. after being rejected harvard business school, buffett enrolled @ columbia business school of columbia university upon learning benjamin graham taught there. earned master of science in economics columbia in 1951. after graduating, buffett attended new york institute of finance.

the basic ideas of investing @ stocks business, use market s fluctuations advantage, , seek margin of safety. s ben graham taught us. hundred years still cornerstones of investing.