Warren Buffett: A Look at the Life of the 'Oracle of Omaha'

Warren Buffett, born August 30, 1930, has become a legendary figure in the world of finance. As the chairman and CEO of Berkshire Hathaway, he has amassed a fortune and earned the moniker 'Oracle of Omaha' for his shrewd investment decisions.

Buffett's investment philosophy is rooted in value investing, a strategy he learned from Benjamin Graham, his professor at Columbia Business School. Value investing involves identifying undervalued companies with strong fundamentals and holding them for the long term. This patient approach has been a key to his success.

Berkshire Hathaway, under Buffett's leadership, has grown into a massive conglomerate with holdings in diverse industries, including insurance (GEICO), railroads (BNSF), energy (Berkshire Hathaway Energy), and consumer goods (Coca-Cola). His annual letters to shareholders are widely read for their insights on the economy, investing, and corporate governance.

While Buffett is renowned for his investment prowess, he has also admitted to making mistakes. He emphasizes the importance of learning from errors and adapting to changing market conditions. Despite the occasional misstep, his overall track record remains exceptional, solidifying his place as one of history's most successful investors.

Beyond his financial achievements, Buffett is also known for his philanthropy. He has pledged to give away the vast majority of his wealth to charitable causes, primarily through the Bill & Melinda Gates Foundation. His commitment to giving back underscores his belief in using wealth to make a positive impact on the world.