Enterprising Investor Forum

Buffett Biography – Part 3 Thursday, December 6, 2007

Despite wanting to start his professional life as an investor Warren’s father convinced him to go to college (Columbia) where he ended up meeting Benjamin Graham. This event shaped the ‘Buffett Investment Strategy’ as we know it.

After Columbia and a brief stint at his father’s brokerage firm, he went into business for himself and set up his first Partnership. The video details how, along with meeting his first wife Susie and starting a family, he managed to thrive with the Partnership, gain control of Berkshire and use the cash it generated to invest in businesses with better prospects.

In 1969, with the markets continuing to rally, Buffett decided that is was time to dissolve his Partnership (worth 104 million dollars) and enter political life until markets started to behave in a way he felt more comfortable with; ultimately reentering the investment world in 1970.

Enjoy.