Management Hall of Fame: Leading Management Gurus

Warren Buffett
Berkshire Hathaway - The Oracle of Investing (1930-Present)

• "The market will pay better to entertain than educate." (Warren Buffett)
• "I violated the Noah rule: Predicting rain doesn't count; building arks does. I consequently let Berkshire operate with a dangerous level of risk." (Warren Buffett) - when he lost 2.4 Billion in one year.

Key Work

• Graduates from Columbia University
• Acquires Berkshire Hathaway
• Berkshire Hathaway buys National Indemnity Company and National Fire & Marine Insurance Company.
• Winds up investment partnership to concentrate on Berkshire.
• Buys major stake in McDonald's.
• Acquires GEICO, the sixth-largest U.S. automobile insurer.
• Buys Executive Jet Corporation.
• His stock selection and long-term investment made  outperformed the Standard & Poor's 500 index for 33 of its 37 years
• Unlike many of his peer he did not ride the wave of high-tech bubble and was not affect by it.
• He is an icon for stock selection and long-term investments and one of the most influential financial people in the world

Books & References:

• Lowenstein, Roger. Buffett: The Making of an American Capitalist. New York: Doubleday, 1996.

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