Hey, do you know Buffett? I watched the documentary "Becoming Buffett" and wanted to tell you about him.
I am the winner of the numbers game
Let's call Buffett's childhood a minibus for now. The minibus was born in a rich family in 1930. His father was a stockbroker at that time and had his own company. Later, he rose all the way to the level of a member of Congress. Minibus has a strong interest in trading and numbers since he was a child, which is inseparable from the influence of his family. Minibus made money by selling newspapers and magazines at a very young age, and entered the stock market at the age of 16. The minibus is a bit introverted and is often alone, but loves reading and thinking. He goes to work with his father, and reads the books in his father's office over and over, and some even read it a second time. In the school stage, with talent and eagerness to learn, the minibus only took one-third of the time of others to complete the college credits and graduate early. When I learned that Professor Dodd, who I liked when I was young, was teaching in Colombia, I quickly wrote him a letter and said bluntly: I have read your book, I like your book so much, I thought you were dead, it turns out that you Not dead yet. . . . May I go to your graduate program, please? I really want to go. . . . After Professor Dodd received the letter from the minibus, he agreed.
When I came to CMB in my youth, I saw in the documentary that CMB did at least two things right at this stage:
First, China and Pakistan realize that if they want to achieve success, they must improve their public speaking skills, that is, speech, so as to expand their influence. So China and Pakistan reported to Carnegie's "Eloquence and Speech" training course, and yes, it was Carnegie who wrote "The Weakness of Human Nature". After graduating from the training, CMB kept the training certificate in the office. Buffett has achieved so many achievements, and he does not hang any certificates, but only this, which shows that the training has far-reaching influence, and he is very proud of it.
The second thing he did right was that CMB met his life partner, Charlie Munger, at the age of 29. The two of them were like shadows, and they could be seen together everywhere. Bill Gates is old and is with them now. .
Having said that, the investment style of CMB before the age of 29 was deeply influenced by Graham, a graduate student tutor, who was looking for cheap stocks to buy, but Munger thought it was wrong. Munger said to Buffett: The key to a stock is not whether it is cheap, but whether it is cheap or not. In its true value, flat and long-term holding. This concept accompanies all their later investments. In general, when China and Pakistan meet Munger, it is like a combination of two swords, and they are invincible. Both of them love to read and think deeply, believe in value investing, understand their own capabilities and stay within their own boundaries, and do not touch Internet companies that they do not understand, or pharmaceutical companies that are too difficult to understand. Without encountering the right stock, they can even make no purchases for two years, overcoming what they call "human nature to act."
Time flies, China and Pakistan have come to the era of Laoba. In his early 40s, that is, in the 1970s, he met Katherine Graham, who is in charge of the Washington Post. At the same time as the resources - although the film does not explain too much - I believe that the media has created Buffett's image and spread it widely. In 1991, Buffett met Bill Gates, the world's richest man, and asked him to serve as a director of Berkshire. There are more stories of strong alliances. These strong alliances, on the basis of Buffett's natural skills in numbers games and the power of concentration, through compound interest, Berkshire Hathaway has exploded into a strong market value. As of today , Berkshire Hathaway's latest market value has reached $513.7 billion, with a share price of $310,000 per share.
A company with so much money, Buffett said: "Look, my company's headquarters still has 25 people. It was so many people when it was founded, and it's still 25 people now. I just like to work with people who I like and who take good care of me. , not so many frameworks and rules. I like that."
Buffett also likes philanthropy. As of today, according to Forbes, Buffett has donated $38.8 billion, topping the list of wealth donations.
This old man is a winner of the numbers game.
It feels so good to be taken care of
Zhongba met Susie in college. At that time, Susie had a boyfriend, but Zhongba was very strategic. By impressing Susie's father, he successfully moved Susie's love corner. At the age of 21, he married a 19-year-old. Suzy, and raised three children together.
Buffett has a lot of money. However, knowing that his husband is more like his wife, Buffett's pursuit of money is more of a numbers game. He is happy when he sees the growth of data, not the pursuit of wealth itself. Aba is very frugal in life. He still lives in the house he bought when he was 28 years old. His usual consumption is like mine. If the stock market is good, he will buy himself a McDonald's breakfast for 3 yuan. If the stock market falls, aha, immediately reduced to $2.
In addition to being frugal in life, Buffett's role as a father and husband can be said to be incompetent. Buffett seems to ignore everything except being in charge of the economy. In the film, Buffett said that it may also be because of this factor that the three children in the family are all like Susie, keeping their own way, not as ambitious as him.
After the three children grew up and left home, Susie felt that Buffett was too focused on her work—or, as rumor has it, Buffett had a love affair with Washington Post executive Kathryn Greigum—so Susie left Buffett and went to After developing his own singing hobby, Buffett was very sad when he found out, lying on the sofa, overwhelmed, and didn't even know how to make a soup for himself. Yes, Buffett is very incompetent in life and needs to be taken care of, and although Susie left, she did not divorce. She thought about it and found a restaurant waitress named Astrid to take care of Buffett. A year later, Astrid moved into Buffett's home. Since then, a situation of threesome with Susie accompanying Buffett in formal occasions and Estrill in private. Ah, Buffett really did what his father taught: don't care what outsiders think, you just need to feel good in your heart.
After Susie's death, Buffett, 76, married his 60-year-old bride, Astrid, in 2006. There was no hustle and bustle, no honeymoon, and the wedding lasted only 15 minutes, but it finally fulfilled the wishes of two elderly people who have lived together for 28 years. Buffett's daughter Susie said: "This is the second and last time he (Buffett) has been married.
Is Astrid a winner in life :)
In the family of origin, Buffett respects his father very much, saying that his father is his best gift. His father believes in him and has confidence in him. Even if things go wrong, he will not lecture him directly, but tell him through cases. , how things would be better. From the video, I can see that my father took Buffett with him on many occasions.
Buffett and his lifelong partner, Charlie Munger, never quarreled, and the two worked closely together.
25 people at Berkshire headquarters have been by his side and caring for him.
Buffett's relationship is harmonious and high-quality, and I can feel the 89-year-old's happiness across the screen.
my thinking
Laoba is 89 years old this year. Looking back on his life, I think his success is more due to talent and family influence. If ordinary people like me want to gain some experience from him, I think in addition to his golden rule of stock trading, there are two rare qualities of his concentration and year-round reading. In addition, I recommend "Franklin Biography", Buffett's partner Charlie Munger's "Poor Charlie's Collection" and "Zeng Guofan" three books. They start from ordinary people and use their own effective methods to achieve what they want step by step. Life.
Two last words for you:
I've met great people who love to read, and none who don't. - Charlie Munger.
Information books are open, you read and I read, but in the end I can win. - Buffett
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