One of the worldĄŻs most admired and successful investors and philanthropists, Warren Buffett has turned 93 today. He was born on August 30, 1930, in Omaha, Nebraska (USA). From buying his first stock at the age of 11, delivering newspapers as his first job,?to now being the worldĄŻs fifth richest person, Warren Buffett's journey has been an inspiration for billions around the world.
While his quotes, mistakes, and lessons are something most of us are aware of, a seldom talked about aspect is the deep insights Warren Buffett gives through his annual letter to Berkshire HathawayĄŻs shareholders every year.
In his 2021 letter, Warren Buffett most of BerkshireĄŻs value resides in his 'four jewels', which are the stocks of four businesses: three controlled and one in which it has only a 5.4 per cent interest. The billionaire termed them 'jewels.' These four stocks are its collection of insurance companies (GEICO, National Indemnity, etc.), BNSF (AmericaĄŻs largest railroad), Apple (the most valuable company in its portfolio) and Berkshire Hathaway Energy (in which it holds a 91 per cent stake), as per various media reports.
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In recent years, Apple seems to have become 93-year-old Buffett's favourite stock, with the billionaire also mentioning in May this year that Apple is a better business than any other in Berkshire Hathaway's?portfolio.?"Apple is different than the other businesses we own. It just happens to be a better business," he had said Buffett during Berkshire's annual meeting in Omaha, Nebraska, as per Reuters report.
Berkshire had revealed a $1 billion stake in Apple in May 2016, and by March 2023 had boosted that stake to $151 billion, accounting for 46% of its $328 billion equity portfolio.
Did you know how a lost iPhone led to Warren Buffett investing in Apple??Click here?to know more.??
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On his 93rd bday, letĄŻs look back at some of the highlights in Warren Buffett's eight-decade investment journey:??
1.?He bought his first stock at the age of just 11
2. Buffett earned $37 million a day in 2013
3. He has been living in the same house since 1958
4. He had already made $53,000 by the age of 16
5. His million-dollar annual charity lunches since the year 2000
6. A lost iPhone led him to invest in Apple
7. Awarded the Ą°Presidential Medal of FreedomĄą by Barack Obama
8. Hide And Seek With Cryptocurrency
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