Good Bad Billionaire Warren Buffett: The oracle of Omaha
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Feb 6, 2024 
Discover how Warren Buffett, the richest investor in history with over $120 billion, built his fortune from childhood ventures to forming his investment philosophy. Explore his early investments, frugal lifestyle, GEICO partnership, and philanthropic endeavors. Delve into Buffett's personal life, financial journey, and debate his legacy among billionaires.
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Early Investing Beginnings
- Warren Buffett bought his first stock at age 11 and filed his first tax return at 13.\n- He was an investor nerd from a very early age, hustling money as a child.
Investment Concentration Approach
- Buffett prefers concentrated investment in a few companies he deeply understands.\n- Unlike modern portfolio theory's diversification, he invests heavily in select companies rather than many stocks.
Advice for Average Investors
- Average investors should buy diversified index funds instead of concentrated stocks.\n- Professionals like Buffett can manage concentrated portfolios, but amateurs lack time for in-depth research.