Where there is a will, there is a way. I think that is what made him the most successful investor in the world. Warren Buffett, the CEO and the largest shareholder of Berkshire Hathaway, shows us the ways of a successful billionaire.
1. He is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and as the third wealthiest in 2015
In 2012 Time named Buffett one of the world's most influential people
3. Buffett is often referred to as the "Wizard of Omaha" or “Oracle of Omaha,” or the "Sage of Omaha"
In 2011, President Barack Obama awarded him the Presidential Medal of Freedom
5. He is noted for his adherence to value investing and for his personal frugality despite his immense wealth
Buffett is a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Gates Foundation
7. On April 11, 2012, he was diagnosed with prostate cancer, for which he successfully completed treatment in September 2012
Buffett is also active in contributing to political causes, having endorsed Democratic candidate Hillary Clinton for president during the 2016 campaign season
9. Buffett was born in 1930 in Omaha, Nebraska, of distant French Huguenot descent
In 1962, Buffett became a millionaire because of his partnerships, which in January 1962 had an excess of $7,178,500, of which over $1,025,000 belonged to Buffett. He merged these partnerships into one
11. Buffett ran into criticism during the subprime crisis of 2007–2008, part of the recession that started in 2007, that he had allocated capital too early resulting in suboptimal deals. "Buy American. I am." he wrote for an opinion piece published in the New York Times in 2008. Buffett called the downturn in the financial sector that started in 2007 "poetic justice”. Buffett's Berkshire Hathaway suffered a 77% drop in earnings during Q3 2008 and several of his later deals suffered large mark-to-market losses
In March 2009, Buffett said in a cable television interview that the economy had "fallen off a cliff ... Not only has the economy slowed down a lot, but people have really changed their habits like I haven't seen". Additionally, Buffett feared that inflation levels that occurred in the 1970s which led to years of painful stagflation might re-emerge
Warren Buffett's writings include his annual reports and various articles. Buffett is recognized by communicators as ‘a great story-teller’, as evidenced by his annual letters to shareholders. He warned about the pernicious effects of inflation in his writing like this:
“The arithmetic makes it plain that inflation is a far more devastating tax than anything that has been enacted by our legislatures. The inflation tax has a fantastic ability to simply consume capital. It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation, or pays no income taxes during years of 5 percent inflation.” – Warren Buffett