Oracle of Omaha

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Definition of 'Oracle of Omaha'

The Oracle of Omaha is a nickname given to Warren Buffett, an American investor, business magnate, and philanthropist. He is the chairman and CEO of Berkshire Hathaway. Buffett is considered one of the most successful investors in the world, and his investment philosophy has been widely studied and emulated.

Buffett was born in Omaha, Nebraska, in 1930. He attended the University of Nebraska–Lincoln, where he studied economics. After graduating, he worked as a stockbroker for several years before starting his own investment firm, Buffett Partnership Ltd., in 1956.

Buffett is known for his value investing approach, which focuses on buying stocks of companies that are trading at a discount to their intrinsic value. He also advocates for long-term investing, and he has said that he never sells stocks unless he has a good reason to do so.

Buffett has been very successful with his investment strategy. Berkshire Hathaway has generated an average annual return of over 20% since Buffett took over in 1965. This has made Buffett one of the richest people in the world, with an estimated net worth of over $100 billion.

In addition to his success as an investor, Buffett is also known for his philanthropy. He has donated billions of dollars to charity, and he has established the Bill & Melinda Gates Foundation with his friend Bill Gates.

Buffett is a highly respected figure in the world of finance. He is often consulted by other investors and business leaders, and he is considered to be one of the most knowledgeable and successful investors in history.

Here are some additional details about Buffett's life and career:

* He was born in Omaha, Nebraska, in 1930.
* He attended the University of Nebraska–Lincoln, where he studied economics.
* After graduating, he worked as a stockbroker for several years before starting his own investment firm, Buffett Partnership Ltd., in 1956.
* He is known for his value investing approach, which focuses on buying stocks of companies that are trading at a discount to their intrinsic value.
* He advocates for long-term investing, and he has said that he never sells stocks unless he has a good reason to do so.
* Berkshire Hathaway has generated an average annual return of over 20% since Buffett took over in 1965.
* This has made Buffett one of the richest people in the world, with an estimated net worth of over $100 billion.
* In addition to his success as an investor, Buffett is also known for his philanthropy. He has donated billions of dollars to charity, and he has established the Bill & Melinda Gates Foundation with his friend Bill Gates.
* Buffett is a highly respected figure in the world of finance. He is often consulted by other investors and business leaders, and he is considered to be one of the most knowledgeable and successful investors in history.

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