People That Influence Warren Buffett
The first person that influenced Warren Buffett deepest was Benjamin Graham. Warren Buffett learned the theory of investing from Benjamin Graham in University of Columbia. Benjamin Graham’s Value Investing theory attracted interest of Warren Buffett so much until it become one of the Warren Buffett rules of investing. Benjamin Graham published Intelligent Investor which Warren act as "the greatest book on investing ever written”.
Warren Buffett start to know Philip Arthur.Fisher from its Growth Investing theory. The growth investing is well written in his book, Common Stocks and Uncommon Profits. Philip A.Fisher emphasize on company management not the numbers on the balance sheets. Besides, Philip A.Fisher regard those holding many stocks at one time as financial incompetence. He focus (Focus Investing) on a few growth stocks then he buy and hold.
Charles Thomas Munger is another person that much related to Warren Buffett. He is a great partner of Warren Buffett in investment and become Vice-Chairman of Berkshire Hathaway. Charles Munger have its own investment strategy which gain attraction and admire from Warren Buffett. In 1972, Charles Munger decided to buy See’s Candies although the stock price is not undervalue which is strongly against Warren Buffett’s investing ways. He opine that, a nice company still worth to be buy at its price although not undervalue.
Today Warren Buffett’s investment strategy is combination of Value Investing and Growth Investing. This combination of investment strategy have bring Warren Buffett to the second richest man in the world with net worth of $4 billion.
