August’s quote of the month comes from one of the world’s wealthiest individuals. Warren Buffett is an American business magnate, investor, and philanthropist. He is the primary shareholder, chairman and CEO of Berkshire Hathaway. Buffett was born in 1930 in Omaha, Nebraska. At an early age, Buffett took an interest in the Stock Market as he went to visit the New York Stock Exchange at the age of 11 and even bought shares of a company for himself and for his sister. While in high school he invested in a business owned by his father and bought a farm worked by a tenant farmer. After many successful purchases and partnerships with several companies, Buffett became a millionaire and took control of the Berkshire Hathaway textile manufacturing firm. Buffett became a billionaire on paper when Berkshire Hathaway began selling class A shares and the market closed at $7,175 a share. Buffett has invested in many high profile firms over the years including Coca-Cola, Proctor & Gamble and IBM. Buffett’s philanthropy includes having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Gates Foundation. In this month’s quote, Buffett describes the secret of his business success and how not to screw things up.
| “You only have to do a very few things right in your life so long as you don’t do too many things wrong.” – Warren Buffett |
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