Title:
North American English - /l/ versus /r/, "Warren
Buffett"
Description: See
Below.
Description:
Warren Buffet
Warren Edward Buffett is an American securities analyst, the
Chairman of the Berkshire Hathaway Company, a board of
trustee member at Grinnell College, and one of the richest
people in the entire world. His investment strategies have
generated loads of capital for over thirty years. He is
well-known for his simple lifestyle and personal philosophy
of hard-work and philanthropy or charity.
Warren was born in Nebraska in 1930, the only child of Leila
and Howard Buffett. His father was a local politician who
was eventually elected to Congress. From an early age Warren
was a real "live-wire" for entrepreneurial ventures. He
worked in his grandfather's grocery store and as a newspaper
delivery boy. Finally, he and a friend earned enough to buy
pinball machines located in barbershops to generate a
profit. He graduated from high school in the American
capital at Woodrow Wilson high school were the mutual
influence of public policy and the economy first interested
him.
For undergraduate college, Warren first enrolled at the
Wharton School of Economics at the University of
Pennsylvania until he transferred to the University of
Nebraska. He was active in a fraternity, or social and
scholarly group for males devoted to community service. For
graduate school, he enrolled at Columbia Business School
after hearing that Benjamin Graham worked there. Graham was
a practical-minded securities analyst that treated the stock
market like a manageable business. According to Graham, the
fluctuations were opportunities and a margin of safety was
essential.
Later in life Buffett would say: "The first rule is to win,
the second rule is not to forget the first rule." He
followed this philosophy after working several jobs early in
his career, including that of a part-time professor, Warren
entered a partnership with Graham. His starting salary was
under $13,000. He added several other partnerships,
operating almost five by the time his third child, Peter
Andrew, was born. He was a shrewd manager who influenced the
most unwilling investors to value the right portfolios. By
the 1960's he generated enough capital that he was himself a
millionaire. Everything Warren did usually built more and
more wealth. He purchased Berkshire Hathaway, a textile
manufacturing firm. Continuously, his partnerships expanded
and earned several dollars a share. By the time Warren
liquidated the partnerships and transferred assets to the
partners in 1979, the Berkshire Hathaway earned over $1300 a
share. Warren's own portfolio includes large portions of
valuable American stock like Coca-Cola Company and General
Electric. By the recession period of the early 21st century,
Warren was one of the richest and most influential people in
the entire world.
In Warren's personal life, philanthropy and simplicity are
his trademarks. As a philanthropist, Warren is a generous
example to us all. Only Bill and Melinda Gates have done
more than anyone else and Warren has had an active role in
their foundation. He regularly discusses charity work with
Bill Gates over the card game of bridge, which they play for
up to twelve hours a visit. In 2006, he said he'd gradually
give away 85% of his Berkshire holdings to five foundations
in annual gifts of stock. It is rumored that he saved the
American manufacturer General Electric in 2008 when its
stock plummeted. Recently he also convinced Goldman Sachs to
start a college scholarship for small business entrepreneurs
in America following the bank bailout of 2009.
In spite of a net worth of over $37 billion dollars, Warren
and his family live in a small house. He drives a practical
car. His grandchildren will not receive any inheritance but
must work hard for their own dollars. It is rumored that
Warren does not have a television, a computer at his desk,
nor a cell phone. But Warren has no guilt about his wealth
and takes great pride in his ability to influence the
American economy. One of my favorite quotes from Warren
Buffett expresses his perspective: "Someone's sitting in the
shade today because someone planted a tree long ago."
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Hi. I
personally reviewed this video and found it appropriate for
the pronunciation section of English Global Group. This
video covers some very important points about English
pronunciation. I would appreciate some feedback from both
students and teachers about this video. You can comment in
the window below using any of a number of different services
including Facebook, Yahoo, AOL, and Hotmail.
