#StrategyBTCPurchase Warren Buffett did not achieve one million dollars through a single stroke of luck; rather, it was the result of the accumulation of his early investment efforts and his innate intelligence in the business world.
Buffett began his career at a very young age by selling gum, Coca-Cola bottles, and The Washington Post newspapers; these were his first experiences in entrepreneurship.
The major turning point: Managing investment partnerships 🤔🤔
After graduating from Columbia University, where he learned from his teacher Benjamin Graham, Buffett returned to Omaha and founded "Buffett Partnership Ltd." in 1956. This investment fund started with a small capital of $100,000, raised from family and friends.
His strategy was based on investing in undervalued companies (Value Investing), which he learned from Graham. He looked for companies whose stocks were trading at much lower prices than their intrinsic value and bought them in the hope that the market would realize their true value later.
The road to a million 🤩🤩
Through these partnerships, Buffett invested in a variety of small and medium-sized companies and demonstrated exceptional skill in stock selection. He achieved returns that greatly exceeded the market performance during that period.
According to records, his net worth reached one million dollars in 1962, about six years after founding his investment partnership. This was thanks to the substantial profits generated by his investments in various companies. At that time, he was 32 years old 😎😎.
In general, Warren Buffett did not earn his first million dollars quickly; it was the result of years of:
✅Hard and early work.
✅Applying value investing principles.
✅Patience and discipline in making his investment decisions.
These foundations are the same ones on which he later built his investment empire "Berkshire Hathaway" and became one of the richest men in the world 😌😌😌.
