Warren Buffett, known as the Oracle of Omaha is hands down one of the greatest investors in history. He was an student of Benjamin Graham, co-author of Security Analysis and the only one to recieve an A in Ben Graham class. Buffett is chairman of Berkshire Hathaway, the former textile mill that Buffet has transformed into a massive conglomerate holding company with subsidiaries ranging from See's Candy to Burlington Norther Santa Fe Railroad. He has managed to average 21% returns in book value from 1965 to 2006.
Investment Philosophy
Buffett earlier philosophy was to look for "cigar butts", that means those down and out investments. He has since transformed into what he terms "focus investing". He seeks to acquire great companies selling below intrisic value and hold them for long periods. He only invest in business he understands, which led him to stay away from the tech bubble and subsequent downfall. He also insist on having a margin of safety.
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