Entrepreneurial Legend - Warren Buffett
For my famous economic entrepreneurial legend I have chosen Warren Buffett. He is agruably one of the richest men in the world with a net worth of over 70 billion. Coincidentally, Warren Buffet earned his MS in economics in 1951. As CEO of Birkshire Hathaway his company’s Class A stock lists for around 213,000 per share. Birkshire Hathaway’s company performace regularly outperforms the class of Index 500 stocks. Buffett has taken on considerable investment risks over the years and most of his investment decisions have paid off. I would consider Warren Buffett to be an exemplary person for the following reasons. First, his tenacity for investing for profitability via his various company acquisitions, …show more content…
During a past company speech he conveyed the following advice, “The most important investment you can make is in yourself. Very few people get anything like their potential horsepower translated into the actual horsepower of their output in life. Potential exceeds realization for many people…The best asset is your own self. You can become to an enormous degree the person you want to be” (Oppong). Buffett’s dedication to life-long learning has served him well. He also has enjoyed the freedom of living and building his businesses in the United States. One important point to thing to note is that the U.S. ecomony is based on on the price system in which the free-market determines the value of the goods and services. This is where the market determines what price to pay for an item. The United States as a good example of the free-market capitalism system. Warren Buffet has used the U. S. capitalistic system to his advantage and understands that there is no limit to the amount of money one can make under a free-market economy. Sharing is knowledge with college students is one of his annual events. A few times a year, Buffett invites students from business schools to meet and ask him quesitons about anything. After one meeting “Buffett treated everyone to lunch at his favorite restaurant in Omaha, Piccolo Pete’s, where we finished off our meal with root beer floats” (“Meeting Warren Buffett”). These actions
For my famous economic entrepreneurial legend I have chosen Warren Buffett. He is agruably one of the richest men in the world with a net worth of over 70 billion. Coincidentally, Warren Buffet earned his MS in economics in 1951. As CEO of Birkshire Hathaway his company’s Class A stock lists for around 213,000 per share. Birkshire Hathaway’s company performace regularly outperforms the class of Index 500 stocks. Buffett has taken on considerable investment risks over the years and most of his investment decisions have paid off. I would consider Warren Buffett to be an exemplary person for the following reasons. First, his tenacity for investing for profitability via his various company acquisitions, …show more content…
During a past company speech he conveyed the following advice, “The most important investment you can make is in yourself. Very few people get anything like their potential horsepower translated into the actual horsepower of their output in life. Potential exceeds realization for many people…The best asset is your own self. You can become to an enormous degree the person you want to be” (Oppong). Buffett’s dedication to life-long learning has served him well. He also has enjoyed the freedom of living and building his businesses in the United States. One important point to thing to note is that the U.S. ecomony is based on on the price system in which the free-market determines the value of the goods and services. This is where the market determines what price to pay for an item. The United States as a good example of the free-market capitalism system. Warren Buffet has used the U. S. capitalistic system to his advantage and understands that there is no limit to the amount of money one can make under a free-market economy. Sharing is knowledge with college students is one of his annual events. A few times a year, Buffett invites students from business schools to meet and ask him quesitons about anything. After one meeting “Buffett treated everyone to lunch at his favorite restaurant in Omaha, Piccolo Pete’s, where we finished off our meal with root beer floats” (“Meeting Warren Buffett”). These actions