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</svg>" class="Buffett-globalNavigationOffsiteLogo" alt="cnbc"/><span class="Buffett-globalNavigationOffsiteName">CNBC.com</span><span class="Buffett-globalNavigationOffsiteArrow icon-offsite-arrow"></span></a></div></div></div><div class="Buffett-globalNavigationMenuContainer"><ul class="Buffett-globalNavigationMenu"><li class="Buffett-globalNavigationMenuItem"><a href="/annual-meetings/" alt="Annual Meetings" class="" target="" title="" role="" tabindex="" data-type="" aria-label="">Annual Meetings</a></li><li class="Buffett-globalNavigationMenuItem"><a href="/cnbc-interviews/" alt="CNBC Interviews" class="" target="" title="" role="" tabindex="" data-type="" aria-label="">CNBC Interviews</a></li><li class="Buffett-globalNavigationMenuItem"><a href="/buffett-a-z/" alt="Buffett A-Z" class="" target="" title="" role="" tabindex="" data-type="" aria-label="">Buffett A-Z</a></li><li class="Buffett-globalNavigationMenuItem"><a href="/buffett-timeline/" alt="Timeline" class="" target="" title="" role="" tabindex="" data-type="" aria-label="">Timeline</a></li><li class="Buffett-globalNavigationMenuItem"><a href="/video/2018/05/07/warren-buffett-investor-teacher-icon-documentary.html" alt="Documentary" class="" target="" title="" role="" tabindex="" data-type="" aria-label="">Documentary</a></li><li class="Buffett-active Buffett-globalNavigationMenuItem"><a href="/about-buffett/" alt="About" class="" target="" title="" role="" tabindex="" data-type="" aria-label="">About</a></li></ul></div></div><span></span></div><div id="MainContent" class="BrandPageWrapper-contentWrapperBuffett BrandPageWrapper-contentWrapper"><div><div><div><div><div id="BuffettAbout-1"><div class="BuffettAbout-page"><div><div class="BuffettAbout-aboutPageHeader" style="background-image:url(https://image.cnbcfm.com/api/v1/image/105146816-VHS_tape_-_spine.jpg?v=1524242859"></div><div class="BuffettAbout-aboutPageContent"><div class="BuffettAbout-aboutPageIntro"><h1>About the Warren Buffett Archive</h1><div class="BuffettAbout-aboutPageShare"><div><div class="Share-share Share-buffett" id="social-buttons"></div></div></div></div><div class="BuffettAbout-aboutPageBody"><div> <p>Warren Buffett's enormous financial success, along with his middle-American common sense, modest lifestyle and self-deprecating sense of humor, have helped make him one of the world's most famous, and admired, billionaires. </p> <p>Fans around the world see him as an approachable role model for their own success.</p> <p>Once a year, at Berkshire Hathaway's shareholder meeting, thousands of them gather in Omaha for a marathon five-hour question and answer session with Buffett and his partner, Charlie Munger. They cover a wide array of topics, with a focus on what they look for when they invest and how they've built Berkshire into a $485 billion giant.</p> <p>For decades, the only way to see and hear them was to be in the room itself. Until live streaming began in 2016, those attending, including journalists, were not allowed to make or release any video or audio recordings.</p> <p>Now, for the first time, Berkshire is publicly sharing the videos it started making in 1994 for its own internal records. They form the core of this archive.</p> <p>CNBC has digitally curated these 122 hours of recordings, allowing you to see the sessions in their entirety, accompanied by synchronized transcripts.</p> <p>We've also created hundreds of video excerpts, along with annual highlight reels and collections of clips focused on a variety of subjects. Hours of CNBC interviews with Buffett are also included. All of the material is searchable.</p> <p>Along with Berkshire, we hope this archive will be an enduring, valuable, informative, and entertaining resource for serious students of Buffett as well as casual fans curious to learn more about the Oracle of Omaha.</p> </div><div class="ThreeUp-threeUp"><div class="ThreeUp-threeUpItem"><div class="ThreeUp-threeUpTitle">$12.6B</div><div class="ThreeUp-threeUpDescription">The estimated amount Warren Buffett’s wealth jumped in 2013 alone, was around $12.7 billion.</div></div><div class="ThreeUp-threeUpItem"><div class="ThreeUp-threeUpTitle">11</div><div class="ThreeUp-threeUpDescription">The age that Warren Buffett bought his first stock, Cities Service Preferred for $38 apiece.</div></div><div class="ThreeUp-threeUpItem"><div class="ThreeUp-threeUpTitle">$53K</div><div class="ThreeUp-threeUpDescription">The amount of money Warren Buffett amassed was the equivalent of $53,000 in today&#x27;s dollars by the time he was 16.</div></div></div><div> <h2>About Warren Buffett</h2> <p>Warren Buffett, chairman and CEO of Berkshire Hathaway, has amassed a fortune worth more than $80 billion.</p> <p>He and his Berkshire business partner, Charlie Munger, have invested in everything from Coca-Cola to Heinz ketchup to IBM computers to Dairy Queen and Duracell, not to mention insurance companies, media companies, railroads and real estate.</p> <p>But it hasn't all been accumulation for Buffett. He has pledged to give away 99 percent of his fortune to charity.</p> <p>He was born in Omaha, Nebraska, on Aug. 30, 1930, the second of three children of Leila and Howard Buffett. His paternal grandparents had a grocery business. His father was in the investment business and served on the Omaha school board before being elected to Congress in 1942 as a Republican.</p> <p>At age 11, Buffett made his first stock purchase — three shares of Cities Service preferred at $38 per share. After the stock plunged and then rose to $40, he quickly sold his holdings, only to later see it surge. That taught him a big lesson — it's not a good idea to try to guess when to buy a stock and when to unload it.</p> </div><div class="BuffettAbout-aboutPageFullImageWrapper"><div class="FullImage-buffett FullImage-fullImage"><div class="FullImage-wrapper"><div class="FullImage-imgWrapper"><div style="height:100%" class="lazyload-placeholder"></div></div><div><div><div class="FullImage-imageEmbedCaption">Charlie Munger, Bill Gates, and Warren Buffett are interviewed on May 4, 2015 for CNBC’s “Squawk Box.”</div><div class="FullImage-imageEmbedCredit">Photo: Lacy O’Toole/CNBC</div></div></div></div></div></div><div> <p>As a teenager, Buffett delivered newspapers in Washington, earning enough to invest in a Nebraska farm.</p> <p>Buffett enrolled in the University of Pennsylvania's Wharton School at age 17, and after transferring, he graduated two years later from the University of Nebraska, Lincoln, with a bachelor's in business administration.</p> <p>He went on to Columbia University for graduate school, where he was mentored by value-investing guru Benjamin Graham. Aside from his parents, Buffett considered Graham his greatest teacher.</p> <p>“The Intelligent Investor,” Graham’s 1949 book, “changed my life,” Buffett told shareholders in 2013. “(It) gave me a philosophy, a bedrock philosophy, on investing that made sense.”</p> <p>Buffett and Susan "Susie" Thompson were married in 1952 and had three children, Susan, Howard and Peter. The couple purchased a home in Omaha where they raised their family and where Buffett lives to this day.</p> <p>Like young Warren, Berkshire Hathaway Vice Chairman Charlie Munger worked at Buffett's grandfather's grocery store in Omaha. But the two future, joined-at-the-hip, partners didn't meet until years later, in 1959, when an investor client of the then-29-year-old Buffett introduced them.</p> <p>Age 35 at the time, Munger was a California-based lawyer who had come back to his native Omaha to close his late father's legal practice. They hit it off and stayed in contact despite living half a continent away from each other.</p> </div><div class="BuffettAbout-buffettArticleEmbedWrapper"><div class="Buffett-pullquoteWrapper"><div class="Buffett-pullquoteContainer"><div class="Buffett-pullquoteTitle">Buffett Quotes</div><div class="Buffett-pullquoteQuoteWrapper"><div class="Buffett-pullquoteQuotemark"><span class="icon-quote-mark"></span></div><span class="Buffett-pullquoteQuote"></span><span class="Buffett-pullquoteQuoteSpace Buffett-pullquoteQuote">You don&#x27;t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ</span></div><div class="Buffett-pullquoteAttribute">Warren Buffett, American Business Magnate</div></div></div></div><div> <p>In 1962, Buffett started investing in Berkshire Hathaway, a troubled textile manufacturing company in New Bedford, Massachusetts. In what he would later call his "dumbest" stock purchase ever, he took control of Berkshire in 1965 and "fought" the failing textile business for 20 years before finally giving up.</p> <p>At the same time, however, he started to use Berkshire as a holding company for the many businesses and stocks he purchased over the following decades.</p> <p>Working together informally for many years, Munger helped modify Buffett's investment strategy, tweaking Graham's philosophy of buying bargain-priced securities and selling them when their prices rose. Munger guided Buffett toward buying excellent companies at a fair price and holding onto them. They both cite the 1972 purchase of See's Candies as a turning point.</p> <p>Munger formally joined Berkshire as vice chairman in 1978.</p> <p>In 1977, Susie Buffett moved to San Francisco to pursue a musical career. They remained married, however, and stayed in daily contact, often spending holidays together.</p> <p>She also introduced him to Astrid Menks, who worked at an Omaha café where Susie performed. Menks moved in with Buffett in 1978 with his wife's approval. The three sent out Christmas cards signed "Warren, Susie and Astrid," according to a biographer.</p> <p>In 2004, shortly before she died with Buffett at her side, Susie told an interviewer that Menks "takes great care of him, and he appreciates it and I appreciate it. She’s a wonderful person.”</p> <p>Two years later, Menks and Buffett married on his 76th birthday, when she was 60.</p> </div><div class="BuffettAbout-buffettArticleEmbedWrapper"><div class="InlineImage-inlineImage"><div class="InlineImage-inlineImageBox"><div style="height:100%" class="lazyload-placeholder"></div></div><div class="InlineImage-inlineImageBody"><div class="InlineImage-inlineImageCaption">Charlie Munger, Bill Gates, and Warren Buffett are interviewed on May 4, 2015 for CNBC’s “Squawk Box.”</div><div class="InlineImage-inlineImageCredit">Image courtesy of <!-- -->Lacy O’Toole/CNBC</div></div></div></div><div> <p>In 2010, Buffett and Bill Gates founded The Giving Pledge to encourage wealthy people donate half their net worth to charity. Buffett has promised to pledge 99 percent of his fortune.</p> <p>Buffett announced in 2015 that upon his death, his son Howard will become the unpaid nonexecutive chairman of Berkshire's board.</p> <p>With typical Buffettian good humor, he discussed the Berkshire succession in his chairman's letter a decade ago. "I've reluctantly discarded the notion of my continuing to manage the portfolio after my death — abandoning my hope to give new meaning to the term 'thinking outside the box.'"</p> <p> — Marty Steinberg is an editor at CNBC.com</p> </div><div> </div></div></div></div></div></div></div></div><div><div><div class="StoriesTwoThirdDarkInner-buffettClipPageComponentDark StoriesTwoThirdDarkInner-buffettClipPageComponent" id="StoriesTwoThirdDarkInner-StoriesTwoThird-2"><div class="StoriesTwoThirdDarkInner-buffettClipPageComponentWrapper"><div class="StoriesTwoThirdDarkInner-buffettClipPageHeaderDark StoriesTwoThirdDarkInner-buffettClipPageHeader">More From<!-- --> <span>Warren Buffett Archive</span></div><div class="StoriesTwoThirdDarkInner-buffettClipPagePackage"><div class="StoriesTwoThirdDarkInner-buffettClipPagePackageBox"><div class="Layout-buffett Layout-layout"><div class="Column-buffett Column-squareLeadLeft "><div class="undefined Card-buffett Card-standardBreakerCard Card-featuredSquareToRectangleMedia Card-card"><a href="https://buffett.cnbc.com/2018/08/15/warren-watch.html" alt="" class="Card-mediaContainer" target="" title="" role="" tabindex="" data-type="" aria-label=""><div class=""><div class=" Card-squareMediaContainer Card-placeholder "><div style="height:100%" class="lazyload-placeholder"></div></div></div></a><div class="Card-textContent"><div class="Card-titleAndFooter"><div class=""><div class=""><a href="https://buffett.cnbc.com/2018/08/15/warren-watch.html" alt="" class="Card-titleDark Card-title" target="" title="" role="" tabindex="" data-type="" aria-label="">Sign up for the Warren Buffett Watch Newsletter</a></div></div></div></div></div></div><div class="Column-buffett Column-squareLeadRight "><div class="undefined Card-buffett Card-standardBreakerCard Card-rectangleToRectangleMediaHalf Card-card"><a href="https://buffett.cnbc.com/video/2022/05/02/morning-session---2022-meeting.html" alt="" class="Card-mediaContainer" target="" title="" role="" tabindex="" data-type="" aria-label=""><div class=""><div class=" Card-rectangleMediaContainer Card-placeholder "><div style="height:100%" class="lazyload-placeholder"></div></div><div class="PlayButton-buffett PlayButton-container"><div class="PlayButton-base" data-type="buffett-video"><span class="PlayButton-flyout">watch now</span><span class="icon-buffett-video PlayButton-icon"></span></div></div><div class="Card-videoFooter"><div class="Card-videoFooterContent"><span class="Card-videoLabel">VIDEO</span><span class="Card-videoTime Card-videoLabel">02:40:05</span></div></div></div></a><div class="Card-textContent"><div class="Card-titleAndFooter"><div class=""><div class=""><a href="https://buffett.cnbc.com/video/2022/05/02/morning-session---2022-meeting.html" alt="" class="Card-titleDark Card-title" target="" title="" role="" tabindex="" data-type="" aria-label="">Morning Session - 2022 Meeting</a></div></div></div></div></div><div class="undefined Card-buffett Card-standardBreakerCard Card-rectangleToRectangleMediaHalf Card-card"><a href="https://buffett.cnbc.com/video/2022/05/02/afternoon-session---2022-meeting.html" alt="" class="Card-mediaContainer" target="" title="" role="" tabindex="" data-type="" aria-label=""><div class=""><div class=" Card-rectangleMediaContainer Card-placeholder "><div style="height:100%" class="lazyload-placeholder"></div></div><div class="PlayButton-buffett PlayButton-container"><div class="PlayButton-base" data-type="buffett-video"><span class="PlayButton-flyout">watch now</span><span class="icon-buffett-video PlayButton-icon"></span></div></div><div class="Card-videoFooter"><div class="Card-videoFooterContent"><span class="Card-videoLabel">VIDEO</span><span class="Card-videoTime Card-videoLabel">03:30:12</span></div></div></div></a><div class="Card-textContent"><div class="Card-titleAndFooter"><div class=""><div class=""><a href="https://buffett.cnbc.com/video/2022/05/02/afternoon-session---2022-meeting.html" alt="" class="Card-titleDark Card-title" target="" title="" role="" tabindex="" data-type="" aria-label="">Afternoon Session - 2022 Meeting</a></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div><div id="MobileAdhesion-Homepage" class="MobileAdhesion-container"></div><div style="height:100%" class="lazyload-placeholder"></div></div><div class="UniversalVideoPlayer-videoContainer paused " style="top:-3000px;bottom:;left:-3000px;transform:;transform-origin:;transition:;position:"><div id="cnbc-video-player"><div><div id="jw-container" class="JWPlayer8-jwContainer"></div></div></div></div></div></div><script charSet="UTF-8">window.__s_data={"routing":{"locationBeforeTransitions":null},"navStatus":{"pageType":"","articleTitle":"","hasNewsAlert":false,"hasLiveAlert":false,"hasCountDownClock":false,"articleSettings":{},"megaMenuToggleFlag":false,"isExpanded":false,"isIntraSiteLink":false},"dataByMarketBanner":{},"selectedMarketBanner":"","dataByMarketMover":{},"videoDataWithPosition":{"top":"-3000px","left":"-3000px","data":{},"videoAttributes":{}},"videoIsPreloader":{"isPreloader":true,"autoPlay":false},"videoPlayerInfo":{"position":"0","layout":"HIDDEN","playback":false,"adPlayback":false},"videoEventsInfo":{"position":0},"videoTranscriptInfo":{"position":0,"transcript":null,"shouldTranscriptScrollToView":false,"syncedByUserAction":false},"placeholderInfo":{"placeholderState":"INITIAL","replayVideo":false,"firstVideoClickedOnPage":true},"videoRecommendationInfo":{"videoRecommendation":false},"videoEndCardInfo":{},"continuousPlayInfo":{"continuousToNextVideo":false,"playingIdx":0},"playBackInitiativeInfo":{"playBackInitiative":"Manual","isPlaylist":false},"dataByMarketTable":{},"dataByQuote":{},"quoteSearches":[],"xfinity":{"isXfinity":false},"authentication":{"user":null,"popupVisible":false,"surfSessionToken":"Not Logged In","signInOutCaption":"SIGN IN","tpToken":"","message":"","uid":"Not Logged In","isAuthenticated":false,"isLoggedIn":false,"isNewProUser":false},"metaTags":{"articleData":{},"pageData":{}},"dataByGDSMarketTable":{},"page":{"loading":false,"page":{"id":105125566,"brand":"buffett","template":"buffettAboutPage","layout":[{"editable":false,"columns":[{"span":"12","editable":false,"modules":[{"name":"buffettAbout","source":"105125566","canChangeLayout":false,"canChangeSource":false,"serverRenderPolicy":"ssr","attributes":{},"data":{"contentText":" \u003Cp\u003EWarren Buffett's enormous financial success, along with his middle-American common sense, modest lifestyle and self-deprecating sense of humor, have helped make him one of the world's most famous, and admired, billionaires. \u003C\u002Fp\u003E\n \u003Cp\u003EFans around the world see him as an approachable role model for their own success.\u003C\u002Fp\u003E\n \u003Cp\u003EOnce a year, at Berkshire Hathaway's shareholder meeting, thousands of them gather in Omaha for a marathon five-hour question and answer session with Buffett and his partner, Charlie Munger. They cover a wide array of topics, with a focus on what they look for when they invest and how they've built Berkshire into a $485 billion giant.\u003C\u002Fp\u003E\n \u003Cp\u003EFor decades, the only way to see and hear them was to be in the room itself. Until live streaming began in 2016, those attending, including journalists, were not allowed to make or release any video or audio recordings.\u003C\u002Fp\u003E\n \u003Cp\u003ENow, for the first time, Berkshire is publicly sharing the videos it started making in 1994 for its own internal records. They form the core of this archive.\u003C\u002Fp\u003E\n \u003Cp\u003ECNBC has digitally curated these 122 hours of recordings, allowing you to see the sessions in their entirety, accompanied by synchronized transcripts.\u003C\u002Fp\u003E\n \u003Cp\u003EWe've also created hundreds of video excerpts, along with annual highlight reels and collections of clips focused on a variety of subjects. Hours of CNBC interviews with Buffett are also included. All of the material is searchable.\u003C\u002Fp\u003E\n \u003Cp\u003EAlong with Berkshire, we hope this archive will be an enduring, valuable, informative, and entertaining resource for serious students of Buffett as well as casual fans curious to learn more about the Oracle of Omaha.\u003C\u002Fp\u003E\n|||\n\n \u003Ch2\u003EAbout Warren Buffett\u003C\u002Fh2\u003E\n\n\u003Cp\u003EWarren Buffett, chairman and CEO of Berkshire Hathaway, has amassed a fortune worth more than $80 billion.\u003C\u002Fp\u003E \n\u003Cp\u003EHe and his Berkshire business partner, Charlie Munger, have invested in everything from Coca-Cola to Heinz ketchup to IBM computers to Dairy Queen and Duracell, not to mention insurance companies, media companies, railroads and real estate.\u003C\u002Fp\u003E\n\u003Cp\u003EBut it hasn't all been accumulation for Buffett. He has pledged to give away 99 percent of his fortune to charity.\u003C\u002Fp\u003E\n\u003Cp\u003EHe was born in Omaha, Nebraska, on Aug. 30, 1930, the second of three children of Leila and Howard Buffett. His paternal grandparents had a grocery business. His father was in the investment business and served on the Omaha school board before being elected to Congress in 1942 as a Republican.\u003C\u002Fp\u003E\n\u003Cp\u003EAt age 11, Buffett made his first stock purchase — three shares of Cities Service preferred at $38 per share. After the stock plunged and then rose to $40, he quickly sold his holdings, only to later see it surge. That taught him a big lesson — it's not a good idea to try to guess when to buy a stock and when to unload it.\u003C\u002Fp\u003E\n|||\n\n\u003Cp\u003EAs a teenager, Buffett delivered newspapers in Washington, earning enough to invest in a Nebraska farm.\u003C\u002Fp\u003E\n\u003Cp\u003EBuffett enrolled in the University of Pennsylvania's Wharton School at age 17, and after transferring, he graduated two years later from the University of Nebraska, Lincoln, with a bachelor's in business administration.\u003C\u002Fp\u003E \n\u003Cp\u003EHe went on to Columbia University for graduate school, where he was mentored by value-investing guru Benjamin Graham. Aside from his parents, Buffett considered Graham his greatest teacher.\u003C\u002Fp\u003E\n\u003Cp\u003E“The Intelligent Investor,” Graham’s 1949 book, “changed my life,” Buffett told shareholders in 2013. “(It) gave me a philosophy, a bedrock philosophy, on investing that made sense.”\u003C\u002Fp\u003E \n\u003Cp\u003EBuffett and Susan \"Susie\" Thompson were married in 1952 and had three children, Susan, Howard and Peter. The couple purchased a home in Omaha where they raised their family and where Buffett lives to this day.\u003C\u002Fp\u003E\n\u003Cp\u003ELike young Warren, Berkshire Hathaway Vice Chairman Charlie Munger worked at Buffett's grandfather's grocery store in Omaha. But the two future, joined-at-the-hip, partners didn't meet until years later, in 1959, when an investor client of the then-29-year-old Buffett introduced them.\u003C\u002Fp\u003E \n\u003Cp\u003EAge 35 at the time, Munger was a California-based lawyer who had come back to his native Omaha to close his late father's legal practice. They hit it off and stayed in contact despite living half a continent away from each other.\u003C\u002Fp\u003E\n|||\n\n\u003Cp\u003EIn 1962, Buffett started investing in Berkshire Hathaway, a troubled textile manufacturing company in New Bedford, Massachusetts. In what he would later call his \"dumbest\" stock purchase ever, he took control of Berkshire in 1965 and \"fought\" the failing textile business for 20 years before finally giving up.\u003C\u002Fp\u003E\n\u003Cp\u003EAt the same time, however, he started to use Berkshire as a holding company for the many businesses and stocks he purchased over the following decades.\u003C\u002Fp\u003E \n\u003Cp\u003EWorking together informally for many years, Munger helped modify Buffett's investment strategy, tweaking Graham's philosophy of buying bargain-priced securities and selling them when their prices rose. Munger guided Buffett toward buying excellent companies at a fair price and holding onto them. They both cite the 1972 purchase of See's Candies as a turning point.\u003C\u002Fp\u003E\n\u003Cp\u003EMunger formally joined Berkshire as vice chairman in 1978.\u003C\u002Fp\u003E\n\u003Cp\u003EIn 1977, Susie Buffett moved to San Francisco to pursue a musical career. They remained married, however, and stayed in daily contact, often spending holidays together.\u003C\u002Fp\u003E \n\u003Cp\u003EShe also introduced him to Astrid Menks, who worked at an Omaha café where Susie performed. Menks moved in with Buffett in 1978 with his wife's approval. The three sent out Christmas cards signed \"Warren, Susie and Astrid,\" according to a biographer.\u003C\u002Fp\u003E\n\u003Cp\u003EIn 2004, shortly before she died with Buffett at her side, Susie told an interviewer that Menks \"takes great care of him, and he appreciates it and I appreciate it. She’s a wonderful person.”\u003C\u002Fp\u003E\n\u003Cp\u003ETwo years later, Menks and Buffett married on his 76th birthday, when she was 60.\u003C\u002Fp\u003E\n|||\n\n\u003Cp\u003EIn 2010, Buffett and Bill Gates founded The Giving Pledge to encourage wealthy people donate half their net worth to charity. Buffett has promised to pledge 99 percent of his fortune.\u003C\u002Fp\u003E\n\u003Cp\u003EBuffett announced in 2015 that upon his death, his son Howard will become the unpaid nonexecutive chairman of Berkshire's board.\u003C\u002Fp\u003E\n\u003Cp\u003EWith typical Buffettian good humor, he discussed the Berkshire succession in his chairman's letter a decade ago. \"I've reluctantly discarded the notion of my continuing to manage the portfolio after my death — abandoning my hope to give new meaning to the term 'thinking outside the box.'\"\u003C\u002Fp\u003E\n\n\u003Cp\u003E — Marty Steinberg is an editor at CNBC.com\u003C\u002Fp\u003E \n|||\n","title":"About the Warren Buffett 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\u003Cp\u003EWarren Buffett's enormous financial success, along with his middle-American common sense, modest lifestyle and self-deprecating sense of humor, have helped make him one of the world's most famous, and admired, billionaires. \u003C\u002Fp\u003E\n \u003Cp\u003EFans around the world see him as an approachable role model for their own success.\u003C\u002Fp\u003E\n \u003Cp\u003EOnce a year, at Berkshire Hathaway's shareholder meeting, thousands of them gather in Omaha for a marathon five-hour question and answer session with Buffett and his partner, Charlie Munger. They cover a wide array of topics, with a focus on what they look for when they invest and how they've built Berkshire into a $485 billion giant.\u003C\u002Fp\u003E\n \u003Cp\u003EFor decades, the only way to see and hear them was to be in the room itself. Until live streaming began in 2016, those attending, including journalists, were not allowed to make or release any video or audio recordings.\u003C\u002Fp\u003E\n \u003Cp\u003ENow, for the first time, Berkshire is publicly sharing the videos it started making in 1994 for its own internal records. They form the core of this archive.\u003C\u002Fp\u003E\n \u003Cp\u003ECNBC has digitally curated these 122 hours of recordings, allowing you to see the sessions in their entirety, accompanied by synchronized transcripts.\u003C\u002Fp\u003E\n \u003Cp\u003EWe've also created hundreds of video excerpts, along with annual highlight reels and collections of clips focused on a variety of subjects. Hours of CNBC interviews with Buffett are also included. All of the material is searchable.\u003C\u002Fp\u003E\n \u003Cp\u003EAlong with Berkshire, we hope this archive will be an enduring, valuable, informative, and entertaining resource for serious students of Buffett as well as casual fans curious to learn more about the Oracle of Omaha.\u003C\u002Fp\u003E\n|||\n\n \u003Ch2\u003EAbout Warren Buffett\u003C\u002Fh2\u003E\n\n\u003Cp\u003EWarren Buffett, chairman and CEO of Berkshire Hathaway, has amassed a fortune worth more than $80 billion.\u003C\u002Fp\u003E \n\u003Cp\u003EHe and his Berkshire business partner, Charlie Munger, have invested in everything from Coca-Cola to Heinz ketchup to IBM computers to Dairy Queen and Duracell, not to mention insurance companies, media companies, railroads and real estate.\u003C\u002Fp\u003E\n\u003Cp\u003EBut it hasn't all been accumulation for Buffett. He has pledged to give away 99 percent of his fortune to charity.\u003C\u002Fp\u003E\n\u003Cp\u003EHe was born in Omaha, Nebraska, on Aug. 30, 1930, the second of three children of Leila and Howard Buffett. His paternal grandparents had a grocery business. His father was in the investment business and served on the Omaha school board before being elected to Congress in 1942 as a Republican.\u003C\u002Fp\u003E\n\u003Cp\u003EAt age 11, Buffett made his first stock purchase — three shares of Cities Service preferred at $38 per share. After the stock plunged and then rose to $40, he quickly sold his holdings, only to later see it surge. That taught him a big lesson — it's not a good idea to try to guess when to buy a stock and when to unload it.\u003C\u002Fp\u003E\n|||\n\n\u003Cp\u003EAs a teenager, Buffett delivered newspapers in Washington, earning enough to invest in a Nebraska farm.\u003C\u002Fp\u003E\n\u003Cp\u003EBuffett enrolled in the University of Pennsylvania's Wharton School at age 17, and after transferring, he graduated two years later from the University of Nebraska, Lincoln, with a bachelor's in business administration.\u003C\u002Fp\u003E \n\u003Cp\u003EHe went on to Columbia University for graduate school, where he was mentored by value-investing guru Benjamin Graham. Aside from his parents, Buffett considered Graham his greatest teacher.\u003C\u002Fp\u003E\n\u003Cp\u003E“The Intelligent Investor,” Graham’s 1949 book, “changed my life,” Buffett told shareholders in 2013. “(It) gave me a philosophy, a bedrock philosophy, on investing that made sense.”\u003C\u002Fp\u003E \n\u003Cp\u003EBuffett and Susan \"Susie\" Thompson were married in 1952 and had three children, Susan, Howard and Peter. The couple purchased a home in Omaha where they raised their family and where Buffett lives to this day.\u003C\u002Fp\u003E\n\u003Cp\u003ELike young Warren, Berkshire Hathaway Vice Chairman Charlie Munger worked at Buffett's grandfather's grocery store in Omaha. But the two future, joined-at-the-hip, partners didn't meet until years later, in 1959, when an investor client of the then-29-year-old Buffett introduced them.\u003C\u002Fp\u003E \n\u003Cp\u003EAge 35 at the time, Munger was a California-based lawyer who had come back to his native Omaha to close his late father's legal practice. They hit it off and stayed in contact despite living half a continent away from each other.\u003C\u002Fp\u003E\n|||\n\n\u003Cp\u003EIn 1962, Buffett started investing in Berkshire Hathaway, a troubled textile manufacturing company in New Bedford, Massachusetts. In what he would later call his \"dumbest\" stock purchase ever, he took control of Berkshire in 1965 and \"fought\" the failing textile business for 20 years before finally giving up.\u003C\u002Fp\u003E\n\u003Cp\u003EAt the same time, however, he started to use Berkshire as a holding company for the many businesses and stocks he purchased over the following decades.\u003C\u002Fp\u003E \n\u003Cp\u003EWorking together informally for many years, Munger helped modify Buffett's investment strategy, tweaking Graham's philosophy of buying bargain-priced securities and selling them when their prices rose. Munger guided Buffett toward buying excellent companies at a fair price and holding onto them. They both cite the 1972 purchase of See's Candies as a turning point.\u003C\u002Fp\u003E\n\u003Cp\u003EMunger formally joined Berkshire as vice chairman in 1978.\u003C\u002Fp\u003E\n\u003Cp\u003EIn 1977, Susie Buffett moved to San Francisco to pursue a musical career. They remained married, however, and stayed in daily contact, often spending holidays together.\u003C\u002Fp\u003E \n\u003Cp\u003EShe also introduced him to Astrid Menks, who worked at an Omaha café where Susie performed. Menks moved in with Buffett in 1978 with his wife's approval. The three sent out Christmas cards signed \"Warren, Susie and Astrid,\" according to a biographer.\u003C\u002Fp\u003E\n\u003Cp\u003EIn 2004, shortly before she died with Buffett at her side, Susie told an interviewer that Menks \"takes great care of him, and he appreciates it and I appreciate it. She’s a wonderful person.”\u003C\u002Fp\u003E\n\u003Cp\u003ETwo years later, Menks and Buffett married on his 76th birthday, when she was 60.\u003C\u002Fp\u003E\n|||\n\n\u003Cp\u003EIn 2010, Buffett and Bill Gates founded The Giving Pledge to encourage wealthy people donate half their net worth to charity. Buffett has promised to pledge 99 percent of his fortune.\u003C\u002Fp\u003E\n\u003Cp\u003EBuffett announced in 2015 that upon his death, his son Howard will become the unpaid nonexecutive chairman of Berkshire's board.\u003C\u002Fp\u003E\n\u003Cp\u003EWith typical Buffettian good humor, he discussed the Berkshire succession in his chairman's letter a decade ago. \"I've reluctantly discarded the notion of my continuing to manage the portfolio after my death — abandoning my hope to give new meaning to the term 'thinking outside the box.'\"\u003C\u002Fp\u003E\n\n\u003Cp\u003E — Marty Steinberg is an editor at CNBC.com\u003C\u002Fp\u003E \n|||\n","title":"About the Warren Buffett 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