Warren Buffett 4 Coco Chanel 6 W Edwards Deming 8 Walt Disney 10 Henry Ford 12 Bill Gates 14 Katharine Graham 16 Steve Jobs 18 John D Rockefeller 20 Madam CJ Walker 22 Sam Walton 24 Mark Zuckerberg 26 How You Can Make Change 28 Glossary 30 For More Information 31 Index 32 About the Author 32 TABLE OF CONTENTS
Buffett made billions by investing in the stock market BILLIONAIRES WORKING TOGETHER Buffett has donated approximately 37 billion to the Bill and Melinda Gates Foundation His donation is the largest in the history of the United States But Buffett has not stopped there He still donates approximately 2 billion each year to the foundation Warren Buffett is one of the world’s richest people He has made billions investing in the stock market Buffett understands that investing is a long term strategy He also understands the role of value when investing His investing strategy has changed the world Buffett made his first investment in 1942 He invested 120 in shares of Cities Service Preferred at the age of 11 It was all the money he had at the time But by June of that year he lost nearly all his money Other people would have sold their shares and quit WARREN BUFFETT INVESTS IN THE LONG TERM 1 4
7 Decades during which Buffett perfected his value-based investing approach Buffett believes the value of an investment is more important than its price His strategy is to invest for the long term Buffett donates much of his personal wealth to charity But Buffett held on to his shares He was patient He knew that in time the value of his shares would go up He eventually sold his shares for a small profit Buffett studied investing in college After graduating he got a job at a New York investment firm He was successful finding stocks selling for less than they were worth After a few years Buffett started his own company in 1956 He became a millionaire in just six years Today he is worth approximately 73 billion Buffett donates much of his fortune to charity He lives modestly Buffett works with the Bill and Melinda Gates Foundation to help others His wish is to give away his money while he is still alive He wants to see his wealth help others Buffett has seen many investing trends come and go But he has always invested in companies with value This strategy has changed the investment world Buffett announces his large donation to the Bill and Melinda Gates Foundation in 2006 5
