Warren Buffett aka the Oracle of Omaha aka the Sage of Omaha

Warren Buffett aka The Oracle of Omaha aka the Sage of Omaha, is currently the second richest man in the world with a net worth of around $37 billion [as of March 2009]. At the age of 7 he said he would be a millionaire before he was 35 (and he was right). Also when he was 7 he asked for a book on buying and selling bonds as a Christmas present. At the age of 10 he said he would one day be the world's richest man (he was right here too). In the current market crisis Warren Buffett has been buying - Goldman Sachs, GE, Wells Fargo, BYD.

Warren Buffett is the principal shareholder and CEO of Berkshire Hathaway.

His success in the stockmarkets is unrivalled and has been achieved by a philosophy of long-term investing in good ole stocks and shares, buying well-managed companies and holding them for the very long-term.

Despite the fact that he is a multi-billionaire he is not particularly interested in money for himself. In 2006 he received a salary of $100,000 which, compared to what other CEOs pay themselves, is negligible. He lives in a house in Omaha that he paid $31,500 for back in 1958.

Warren Buffett has recently moved into the area of philanthropy. In 2006, he decided to give away his enormous fortune to charity, with 83% of it intended for the Bill & Melinda

Gates Foundation. In June 2006 he donated approximately $30.7 billion of Berkshire Hathaway Class B shares to the Foundation. This is the single largest donation ever made to a charity. The intention is for the Foundation to receive 5% of the donation each year.

Warren Buffet has 3 children but will not be leaving a "significant proportion" of his wealth to them.

He has said "I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing."

Warren Buffett has admitted that he made some mistakes last year and even Berkshire Hathaway's share price has fallen by about 40% in the current market turmoil, but given that he is a long-term investor he remains confident for the future. If you are interested in online stock trading
then Warren Buffett is clearly one to follow but his long-term buy and hold strategy has not ptoved very successful recently he would have done better to have sold a few and then bought them back.

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