Question
Some of the key characteristics that set Warren Buffet apart from other investors include his early start in business, his frugality, and his long-term investment strategy. He started his own business at the age of six and by 14, he had saved up one thousand dollars from his paper route. He also filed his first tax return at this age, showing his early understanding of finance and taxation. Buffet is also known for his frugality, often choosing to reinvest profits rather than spending them. His long-term investment strategy, focusing on value investing, has also set him apart from other investors.
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When looking at the lives of the most successful people in the world, there seems to be a common denominator among them; they started young and ran their lives with themselves as the brand. This is true of the infamous Warren Buffet, an investor worth $77 billion dollars, who was only six years old when he started his own business selling Coca Cola and gum to his neighbors and friends. At just 14 years old, he saved up one thousand dollars from his paper route, and filed his first tax return, deducting his bike and wristwatch as business expenses. By the age of 26, he had already banked $174,000 and formed an investment partnership for his family and friends. Today, he is known as the "Oracle of Omaha," and is CEO, President, and Chairman of the holding company, Berkshire Hathaway, with a market cap of over $400 billion dollars.
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