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Warren Edward Buffett (born August 30, 1930) is an
American business magnate, investor, and philanthropist. He is widely
considered the most successful investor of the 20th century. Buffett is the
primary shareholder, chairman and CEO of
Berkshire Hathaway and consistently ranked among the world's
wealthiest people. He was ranked as the world's wealthiest person in 2008 and
as the third wealthiest person in 2011. In 2012, American magazine Time named
Buffett one of the most
influential people in the world.
Buffett is called the "Wizard of Omaha",
"Oracle of Omaha", or the "Sage of Omaha" and is noted for
his adherence to the
value investing philosophy and for his personal frugality
despite his immense wealth. Buffett is also a notable
philanthropist, having pledged to give away 99 percent of
his fortune to philanthropic causes, primarily via the Gates
Foundation. On April 11, 2012, he was diagnosed with
prostate cancer, for which he completed treatment in September 2012.
Buffett’s speeches are known for mixing business discussions
with humor. Each year, Buffett presides over Berkshire
Hathaway’s annual shareholder meeting in the Qwest Center in
Omaha, Nebraska, an event drawing over 20,000 visitors from both United States
and abroad, giving it the nickname “Woodstock of Capitalism”. Berkshire’s
annual reports and letters to shareholders, prepared by Buffett, frequently
receive coverage by the financial media. Buffett’s writings are known for
containing quotations from sources as ranging between the
Bible and Mae West, as well as advice in a Midwestern folk style, and numerous
jokes.
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