Warren Buffett
Some of the key events about Warren Buffett
- 1941Made his first investment at age 11, buying three shares of Cities Service Preferred for $38 per share
- 1962Began buying shares in Berkshire Hathaway, eventually taking control of the company
- 1964Acquired Berkshire Hathaway, a failing textile company, which some critics argue was a poor initial investment
- 1965Took over Berkshire Hathaway and transformed it from a failing textile manufacturer into a diversified holding company
- 1967Acquired National Indemnity Company, marking Berkshire Hathaway's entry into the insurance business
- 1978Purchased a stake in GEICO, which would later become a wholly-owned subsidiary of Berkshire Hathaway
- 1987Faced criticism for his investment in Salomon Brothers, which later became embroiled in a bond trading scandal
- 1988Started buying Coca-Cola shares, which became one of Berkshire Hathaway's most successful investments
- 1998Received backlash for his decision to invest in silver, which ultimately resulted in significant losses
- 2006Pledged to give away 99% of his wealth to philanthropic causes
- 2006Delayed donating the bulk of his fortune to charity, leading to criticism about wealth hoarding
- 2008Faced scrutiny for his investments in Goldman Sachs and General Electric during the financial crisis
- 2010Launched The Giving Pledge with Bill and Melinda Gates, encouraging billionaires to donate the majority of their wealth
- 2010Defended Moody's role in the financial crisis, despite the rating agency's failures
- 2011Came under fire for defending David Sokol, a former Berkshire executive accused of insider trading
- 2012Announced he had been diagnosed with prostate cancer and successfully completed treatment
- 2014Received criticism for partnering with 3G Capital in the acquisition of Heinz, which led to significant job cuts
- 2018Appointed two long-time Berkshire executives, Greg Abel and Ajit Jain, as vice chairmen, setting up a succession plan
- 2018Faced backlash for his company's investment in Apple, which some viewed as contradicting his previous tech-averse stance
- 2020Criticized for selling airline stocks at a loss during the COVID-19 pandemic
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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