Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How did Warren Buffet become so rich?

0
10 Posted

How did Warren Buffet become so rich?

0
10

Warren Buffet became rich by “Value investing” which is a really good idea right now. Value investing is purchasing companies that give off a good dividend and have a good prospect for improvement in the future. Most stocks that pay dividends are good value purchases right now. What you need to watch out for is the “value trap”. These are companies that offer a good dividend but the share value is constantly decreasing to the point where the stock is paying 100% dividend and is effectively bankrupt. His company is called “Berkshire Hathaway” and it is an investment company.

0

He was born rich, which helps. He started working in his father’s brokerage business when he was 11.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123