The Spirit of Warren Buffett :"Things you like to do should be a hobby of yours. But things the world does should Be a business of yours,"

Quotes :

"Things you like to do should be a hobby of yours.
But things the world does should
Be a business of yours,"

The Times of  Warren Buffett :
As a billionaire

Buffett became a billionaire on paper when Berkshire Hathaway began selling class A shares on May 29, 1990, when the market closed at $7,175 a share. In 1998, in an unusual move, he acquired General Re (Gen Re) for stock.

 In 2002, Buffett became involved with Maurice R. Greenberg at AIG, with General Re providingreinsurance. On March 15, 2005, AIG's board forced Greenberg to resign from his post as Chairman and CEO under the shadow of criticism from Eliot Spitzer, former attorney general of the state of New York.

 On February 9, 2006, AIG and the New York State Attorney General's office agreed to a settlement in which AIG would pay a fine of $1.6 billion.In 2010, the federal government settled with Berkshire Hathaway for $92 million in return for the firm avoiding prosecution in an AIG fraud scheme, and undergoing 'corporate governance concessions'.

In 2002, Buffett entered in $11 billion worth of forward contracts to deliver U.S. dollars against other currencies.

 By April 2006, his total gain on these contracts was over $2 billion. In 2006, Buffett announced in June that he gradually would give away 85% of his Berkshire holdings to five foundations in annual gifts of stock, starting in July 2006.

 The largest contribution would go to the Bill and Melinda Gates Foundation. In 2007, in a letter to shareholders, Buffett announced that he was looking for a younger successor, or perhaps successors, to run his investment business.

 Buffett had previously selected Lou Simpson, who runs investments at Geico, to fill that role. However, Simpson is only six years younger than Buffett.

Books on Warren Buffett :

Author :Louann Lofton

Author and former editor-in-chief at The Motley Fool, Louann Lofton remembers her early experiences with money, which left an indelible mark on her life and her choice of a future career.  Those experiences played an integral role in deciding to pen her new book “Warren Buffett Invests Like a Girl, and Why You Should Too.”