Investment guru Warren Buffett, who turns 93 on Wednesday, has appealed to a new generation of investors with his portfolio approach to investing in value stocks.
The Man, Myth & Legend: The nonagenarian heads the investment holding company Berkshire Hathaway, Inc. (NYSE:BRK) (NYSE:BRK) in the dual role of chairman and CEO. The company has a portfolio of subsidiary companies engaged in diverse businesses as well as stakes in companies.
Born to a stock broker in Omaha, Buffett took inspiration from his father, who reportedly introduced him to investing and books. The legendary investor had his first tryst with investing at a very early age of 11 years and pocketed a small profit out of it.
He, however, was unhappy that he did not hold the investment longer to rake in fatter profits – which apparently taught him the virtue of not being swayed by the overwhelming emotions of "greed and fear" that are characteristic of investing.
Buffett, known as the "Oracle of Omaha," first invested in Berkshire, which ...