1. 1947, Warren Buffett entered the University of Pennsylvania to study finance and business management. However, he felt that the professors' short theories were not enough. Two years later, he transferred to the University of Nebraska, Lincoln, and received a bachelor's degree in economics within one year. 1950 Buffett's application to Harvard University was rejected. He was admitted to Columbia University Business School and studied under the famous investment theorist Benjamin Graham. Under Graham, Buffett is at home. Graham opposes speculation and advocates evaluating stocks by analyzing the profitability, assets and future prospects of enterprises. He taught Buffett a lot of knowledge and know-how. 195 1 year, 2 1 year-old Buffett received a master's degree in economics from Columbia University. When he graduated, he got the highest A+.
2. 1962, the capital of Buffett Cooperation Company reached 7.2 million USD, of which 1 10,000 USD belongs to Buffett personally. At that time, he merged several cooperative enterprises into Buffett Partnership Limited. The minimum investment has been expanded to more than 654.38 million dollars. This situation is a bit like private equity funds or private investment companies in China. From 65438 to 0964, Buffett's personal wealth reached $4 million, while the fund he was in charge of was as high as $22 million. 1966 In the spring, the American stock market soared, but Buffett was on pins and needles. Although his stock is soaring, he finds it difficult to find cheap stocks that meet his standards. 1967 10 Buffett is in charge of $65 million.
3. 1968, Buffett's stock achieved the best performance in history: it rose by 46%, while the Dow Jones index rose by 9%. Buffett's capital has increased to $654.38+004 billion, of which $25 million belongs to Buffett. 1968 In May, when the stock market was hot, Buffett told his partner that he was retiring. Subsequently, he gradually realized almost all of Buffett's partner shares. From June 65438 to June 0969, the stock market plummeted and gradually evolved into a stock market crash. By May of 1970, every stock had fallen by 50%, even more than the previous year. From 1970 to 1974, the American stock market is like a deflated ball, without a trace of life. Sustained inflation and low growth have brought the American economy into a stagflation period.