The Buffett Philosophy : Long-term thinking over quick gains

Warren Edward Buffet was born on August 30, 1930 in Omaha, Nebraska, U.S. Growing up, he displayed a keen interest in business even as a child. At just six years old, Buffet began selling gum and Coca-Cola to neighbors. By the time he was a teenager, he was delivering newspapers, earning and saving money, and even filling his first tax return at 14, His ventures were not just about making pocket money, they taught him key lessons about earning, saving, and reinvesting.

Buffett’s first real experience with investing came at the age of 11 when he bought three shares of Cities Service preferred at 38 dollars each. The stock initially dropped. So, Buffett sold it at a small profit. However, he later saw it rise significantly, teaching him an early lesson in patience and long-term thinking. This experience planted the seeds for his belief in holding investments for the long term, a principle that would define his investment strategy for decades. Warren Buffet’s association with Berkshire Hathaway began in 1962 when he noticed the struggling textile company was undervalued. Originally planning to flip it for quick profit, he ended up buying more shares and taking control of the company.