Done by : Edmond T.CompaoreSupervised by : Mrs Nadia Douch

WARREN E.BUFFETT:THE PHILANTROPIC ENTREPRENEUR

Done by : Edmond T.CompaoreSupervised by : Mrs Nadia Douch

Content

Introduction Warren Education Career Entrepreneurial characteristic Success assessment Positive Critics Negative Critics Famous Quotes

Introduction

Who is Warren E.Buffett?

Warren’s Education

He graduated from Woodrow Wilson High School, Washington, D.C. in 1947

He studied at Wharton School of Finance at University of Pennsylvania from 1947 to 1949

B. S. from University of Nebraska in 1950;

M.S. in Economics, Columbia University in 1951

His Amazing Career

General Partner at Buffett Partnership, Ltd. and predecessor limited partnerships from 1956 to 1969.

CEO of Berkshire Hathaway Inc since 1965

Director of Citigroup Global Markets Holdings, Inc., (formerly, Salomon Inc.) since 1987

the Director of The Washington Post Co., from May 9, 1996 to May 2011 and Director until May 2011.

Mr. Buffett was the Director of The Coca-Cola Company from 1989 to April 2006

Entrepreneurial Characteristics Effective leader; a competent

manager An incredible communicator Motivator

Sympathic Trustworthy entrepreneur

Loyal Reliable

Concern for People high risk taker Simple and Immaterialist Generous and Humility

HonestHighly passionateHightly optimistic A great Dreamer

Warren’s Buffet Assessment

Positive Critics:o Proved to be the greatest

investor or stockbroker of all times

o Succesful entrepreneur o Will remain the greatest oneo Will be a big lost .o Use of skills in service of his

country

Negative Critics

o Strategy of investing too risky

(lost everything if a severe collapse)

oHis principle of management in the long term is quite dangerous

oOveruse of the kindness of Warren

Warren’s Famous Quotes

“Rule Number One: Never lose money. Rule Number Two: Never forget rule Number One.”

“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”

References Jean, E.J., 2010. Le faiseur de milliards et de milliardaires. Le journal

Du Net, [online] 17 November. Available at: <http:// www.journaldunet.com/economie/finance/livre warren-Buffett/milliards.shtml > [Accessed 20 December 2011]. 

Bloomberg Business week.2011.Warren E. Buffett. [Press release], 29 December 2011, Available at: <http:// investing. business week.com/research/stocks/people/person.asp?personId=255253&ticker=BRKA:GR > [Accessed 19 December 2011]. 

Forbes.2011.Warren Buffett. [Press release], 29 December 2011, Available at: <http:// www.forbes.com/profile/warren-buffett/ > [Accessed 18 December 2011].

Zen, W. and Lamar. C., 2011.Offline Gurus - Warren Buffett. [Online] Available at: <http:// www.programcritique.com/subcategories/offlinegurus/WarrenBuffett.html > [Accessed 23 December 2011].

Robert, M., 2008.Texas.The Snowball: Warren Buffett and the Business of Life.Amazon.com. [Online] 17 November Available at :< http:// www.amazon.com/Snowball-Warren-Buffett-Business-Life/product-reviews/0553805096 > [Accessed 22 December 2011].

Daniel, B., 2009. Book Review - The Warren Buffett Way by Robert Hagstrom. Ezinearticles. [online] Available at :< http:// ezinearticles.com/? Book-Review---The-Warren-Buffett-Way-by-Robert-Hagstrom&id=2764241 > [Accessed 22 December 2011].

Bill, T.2011.Wisdom of Warren Buffett: On Innovators, Imitators, and Idiots.HBR Blog Network, [blog] 04 January. Available at: <http:// blogs.hbr.org/Taylor/2008/10/wisdom_of_warren_buffet_on_imi.html > [Accessed 23 December 2011].