We’ve just uncovered a gem of an infographic about an abiding gem in the world of value investing – Warren Buffett, CEO of Berkshire Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B)
In one stroke, a visual like this puts in perspective the sheer size of wealth he has acquired through assiduous and disciplined investing over a lifetime. (Never mind that the infographic is a plug for an e-book called “Gems from Warren Buffett”!)
David Einhorn's Greenlight Capital was down 0.1% for the first quarter, underperforming the S&P 500's 6.2% return. In their letter to investors, which was reviewed by ValueWalk, the Greenlight team said a lot happened during the first quarter even though they made just a handful of changes to the portfolio and essentially broke even. Q1 Read More
What we learn: At an age of 82 years, Warren Buffett is sitting on a personal net worth of $44 billion and is the CEO of no less than 26 companies, comprised in the clutch of subsidiaries under Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B), counting from the logos displayed on the infographic.
Quotable Quote: “Were I to die tomorrow… Berkshire’s earnings would increase by $1 million annually, since Charlie would immediately sell our corporate jet, The Indefensible (ignoring my wish that it be buried with me)” – Warren Buffett in a 1990 letter to shareholders.
Wealth in comparison to others: Buffett’s $44 billion wealth is fourth in line after Carlos Slim (telecom czar, Mexico, $69B), Bill Gates (Microsoft Corporation (NASDAQ:MSFT), $61B) and Ford Motor Co. (Mkt Cap, $47B).
Others that trail Buffett are Honduras (country GDP $36B), Sergey Brin (Google Inc (NASDAQ:GOOG), $19B) and Mark Zuckerberg (Facebook, Inc (NASDAQ:FB) $18B).
$44 billion (Buffett’s net worth) under the lens:
- = 44,000 times $1 million
- = the aggregate value of every $1 bill and every $5 bill printed by the Treasury between 2005-2010
- Sufficient to buy 17 Empire State Buildings @ $2.5B each
- Can buy 413 million barrels of oil @ $106 each
- Can buy 887 tons of solid gold @ $1701 per ounce
These snippets of information are undeniably interesting, but a tribute to wealth as enormous as this would be incomplete without some pertinent quotes on wealth from the great man himself. Here are the author’s favorites (Source: brainyquote.com):
- I always knew I was going to be rich. I don’t think I ever doubted it for a minute.
- I buy expensive suits. They just look cheap on me.
- Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
- Wall Street is the only place that people ride to in a Rolls Royce, to get advice from those who take the subway.