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A patient, reasonable, and conservative investor<\/strong>, Warren Buffett<\/strong> has left his legendary mark on the global financial market over the past 60 years<\/strong>.<\/p>\n <\/p>\n Contrary to the commonly accepted view of finance<\/strong> as a means of quickly accumulating wealth, Warren Buffett sees it as an almost scientific field of study<\/strong>.<\/p>\n <\/p>\n A businessman, investor, and philanthropist, the man Wall Street nicknamed \u201cthe Oracle\u201d has risen to become the sixth richest person in the world<\/strong>, with a net worth of $154 billion (\u20ac143 billion) according to the latest World’s Billionnaire List by Forbes magazine.<\/p>\n <\/p>\n <\/p>\n Born in 1930 in Omaha, Nebraska, to a stockbroker and politician father, Warren Buffett<\/b> showed an entrepreneurial flair from an early age<\/b>: he sold chewing gum, delivered newspapers \u2014specifically the Washington Post\u2014earning $175 a month at the age of 15.<\/p>\n <\/p>\n He bought his first shares at the age of 11. <\/b>Six shares to be exact, three for himself and the equivalent for his sister at $35 each. Learning from his mistakes, he vowed never to repeat his \u201cpremature\u201d withdrawal when he acquired his first stock: the natural gas company Cities Service Preferred. He felt he had sold his shares too soon following a temporary decline. He retained his long-term investment vision, patiently poring over the accounts of the companies in which he invested.<\/p>\n <\/p>\n After studying at the University of Nebraska and then at Columbia Business School<\/strong>, where he earned a master’s degree in economics, he had the opportunity to take classes with Benjamin Graham<\/strong>, an economist and investor known for his value investing theory<\/strong>, whose philosophy he adopted: buy solid, well-managed but undervalued companies and hold them for the long term.<\/p>\n <\/p>\n In 1956<\/b>, Warren Buffett, then aged 26, founded his first company<\/b>, Buffett Associates Ltd.<\/p>\n <\/p>\nEarly beginnings<\/h2>\n