JOURNAL ARTICLE

Warren Buffett just turned 93. From 'cigar butt' investing to buying 'wonderful businesses,' here's how he led a 3,787,464% return at Berkshire Hathaway.

  • Published In: Fortune.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Daniel, Will 3 of 3

Abstract

The article focuses on Warren Buffett's remarkable career as an investor and the evolution of his investment strategies over the decades. Buffett, who recently turned 93, transformed Berkshire Hathaway from a struggling textiles company into a nearly $800 billion conglomerate, significantly outperforming the S&P 500. Initially known for his "cigar butt" investment approach, which involved seeking undervalued companies, Buffett later shifted to a strategy of acquiring high-quality businesses, exemplified by his investments in Coca-Cola and Apple. Throughout his career, Buffett has emphasized the importance of fundamental analysis and has pledged to donate his substantial fortune to charity. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2023/08, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2023
  • Accession Number:171310812
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