Did Warren Buffett mentor Bill Gates?
Bill Gates has learned countless lessons from his friendship with Warren Buffett, from investing to time management. Together they co-founded The Giving Pledge which encourages wealthy individuals to donate a portion of their fortune, as well as playing golf and bridge together.
Buffett has told Gates that you have to be able to ignore the market instead of following it. Buffett believes that shareholders should pretend they own the entire business. This includes investing in the future profits and value of the company instead of thinking only about the current situation.
Gates often speaks fondly of Buffett, recalling on his blog GatesNotes, particularly when celebrating their 25 years of friendship in 2016, the unique and enduring bond they share.
Gates' parents have been cited as highly influential in his development. His mother encouraged him to pursue his interests and supported his education, while his father taught him the importance of hard work and determination. Their impressive resumes provide an insight into the powerful role models they were.
Warren Buffet and Benjamin Graham
Benjamin Graham was one of the most influential investors of the 20th century, known for his value investing philosophy and his role as a mentor to Warren Buffett.
Bill Gates and Warren Buffett have been best friends for over 30 years.
Graham is considered the "father of value investing," and his two books, Security Analysis and The Intelligent Investor, defined his investment philosophy, especially what it means to be a value investor. His most famous student is Warren Buffett, who is consistently ranked among the wealthiest persons in the world.
Warren Buffett has given $50.7 billion toward historic pledges to the Gates Foundation and others | AP News.
Legendary investor Warren Buffett holds Tesla (TSLA) CEO Elon Musk in high regard. He called him “a brilliant, brilliant guy” at his company Berkshire Hathaway's (BRK.B) annual shareholders meeting in 2023. “He dreams about things, and his dreams have got a foundation.”
| rank | name | Net Worth |
|---|---|---|
| 8 | Warren Buffett Berkshire Hathaway | $131.7 B $0M | 0.00% |
| 9 | Bill Gates Microsoft | $128.5 B $0M | 0.00% |
| 10 | Steve Ballmer Microsoft | $121.2 B $0M | 0.00% |
| 11 | Mukesh Ambani Diversified | $113.7 B $0M | 0.00% |
Who was Bill Gates mentor?
Bill Gates, Founder and Technology Advisor of Microsoft
The Harvard drop-out credits part of his success to his mentor, businessman, and investor, Warren Buffet. In an interview with CNBC, Gates credits Buffet with teaching him how to deal with challenging situations and to think long-term.
Obsessively dedicated to computing and software since his student days, Bill Gates became galvanized by the advent of an early personal computer, the Altair, which appeared in 1975.
Bill Gates and Melinda French Gates have a lifetime giving of $42.5 billion, with a giving focus on health and poverty alleviation. They continue to co-chair the Bill & Melinda Gates Foundation despite their 2021 divorce, Forbes noted. Bill has a net worth of 125 billion, and Melinda's net worth is $10.6 billion.
He went on to Columbia University for graduate school, where he was mentored by value-investing guru Benjamin Graham. Aside from his parents, Buffett considered Graham his greatest teacher. “The Intelligent Investor,” Graham's 1949 book, “changed my life,” Buffett told shareholders in 2013.
Warren Buffett reportedly has an IQ of over 150 (anything past 140 is considered a genius), and while it has, no doubt, helped him become one of the world's richest men, the lesson here is to value emotional intelligence (EQ) just as highly.
The son of Howard Homan Buffett, financier and politician, and Leila Buffett, his early life was marked by poverty resulting from the Financial Crash of 1929. Although it sounds like something that many children pursue, living in poverty for the first six years of his life made Warren's decision to become wealthy.
1955—
Bill Gates is a technologist, business leader, and philanthropist. He grew up in Seattle, Washington, with an amazing and supportive family who encouraged his interest in computers at an early age. He dropped out of college to start Microsoft with his childhood friend Paul Allen.
Key Takeaways. Institutional investors are the majority owners of Microsoft, accounting for almost 70% of outstanding shares. Former CEO Steve Ballmer owns a 4% stake in Microsoft, more than its founder Bill Gates, who holds a 1.3% stake. Vanguard and Blackrock are the two largest Microsoft's institutional investors.
Warren Buffett credits most of his learnings to Benjamin Graham and therefore reading the latter's ideology makes sense for those looking to sharpen their investing skills.
- Never lose money. ...
- Never invest in businesses you cannot understand. ...
- Our favorite holding period is forever. ...
- Never invest with borrowed money. ...
- Be fearful when others are greedy.
Did Warren Buffett donated all his money?
Buffett, 93, also doubled down on his pledge to donate roughly 99% of his nearly $120 billion fortune to charity, revealing that his children, who share his views on righting wealth inequalities through private philanthropy, will serve as executors of his will.
Buffett's current vehicle, the 2014 Cadillac XTS that he has owned for approximately ten years, is a testament to his reputation for frugality.
The majority of Buffett's $118 billion fortune is tied up in stock; his remaining shares are worth about $112 billion. As Business Insider points out, if Buffett had held on to all the shares he's given away, his net worth would top $250 billion.
The famed investor and Berkshire Hathaway CEO counts burgers, hot dogs, and ice cream among his favorite foods. He munches on McDonald's for breakfast, guzzles five cans of co*ke every day, and demolishes cookies and chocolates.
