Buffett's Early Start: How Warren Became a Millionaire by Age 32
Warren Buffett's journey to becoming one of the world's most successful investors began at an early age. Born on August 30, 1930, Buffett was influenced by his father, a stockbroker and U.S. congressman. He started buying stocks at just 11 years old and held a paper route, selling Coca-Cola door-to-door, to earn extra income.
At 14, Buffett used the profits from these ventures to purchase 40 acres of land, which he then rented out for passive income. This early start in investing laid the foundation for his future success.
Buffett's academic career took off when he was accepted into the University of Pennsylvania at just 16 years old. He later transferred to the University of Nebraska and eventually earned a graduate degree, studying under Benjamin Graham, known as 'the father of value investing.'
Graham's theory of value investing, which involves spotting undervalued stocks and buying them based on their intrinsic value, had a profound impact on Buffett's approach. He applied this knowledge to great effect in his later years at Berkshire Hathaway.