Stock god Warren Buffett: buying stocks at the age of 11
For people on earth, Buffett is a familiar name. Warren E. buffet was born on August 30, 1930 in Omaha, Nebraska, USA, at the age of 90. He is a well-known investor in the world, mainly investing in stocks, electronic cash and fund industries.
In 1941, when he was just 11 years old, he bought his first stock.
On June 25, 2006, Warren Buffett signed a letter of intent at the New York Public Library, officially deciding to donate 85% of his wealth, about $37.5 billion, to five charitable foundations. This is the largest charitable donation in the history of the United States and the world.
Buffett plans to donate most of his donation, about $30 billion, to the bill and Melinda Gates Foundation established by the world's richest man Bill Gates and his wife.
Buffett's generous donation doubled the Gates Foundation's disposable charitable fund overnight to more than $60 billion, five times more than the Ford foundation, the world's second largest foundation (US $11 billion). Since 2006, the bill and Melinda Gates Foundation will receive 5% of the total funds in July each year. Although Mr. Buffett has not yet decided whether he will actively participate in the operation, he has confirmed that he will join the board of directors of the Gates Foundation.
At the same time, Buffett also announced plans to donate the remaining Berkshire shares worth about $6.7 billion to the Susan Thompson buffet foundation and the foundation set up by his three children. This is because when his ex-wife passed away in 2004, most of his legacy, worth about $2.6 billion, was transferred to the Buffett Foundation.
Buffett's children will inherit part of his property, and the proportion will not be too high. "What I want to give my children is enough to show their ambition, not enough to make them accomplish nothing in the end," Mr. Buffett once said
Buffett also said that my success is just because I am a "lucky sperm"
There is still a long way to go between Chinese entrepreneurs and Warren Buffett on charity activities.