http://www.ezinearticles.com/?Investor-Profile:-Warren-Buffets-Early-Years&id=228431
Investor Profile: Warren Buffet's Early Years
By Mika Hamilton
Warren Buffett was the only son of the Howard Buffett
and Lelia Stahl. Leila worked as both a clerk and
secretary and after her marriage has a homemaker and
mother. Howard worked as an investment broker and
spent four terms in Congress as a U.S. representative.
He was elected to “Congress in 1942 with a pledge to
keep FDR from "fasten[ing] the chains of political
servitude around America's neck."
He marked himself an oddball by returning a pay raise
to the Treasury and by subjecting each piece of
legislation to a simple test: "Will this add to, or
subtract from, human liberty?". Howard Buffett was an
extremely conservative man. While in Washington he was
part of an elite organization, the John Birch Society,
which fought against communism and liberal rebels.
Presently, the John Birch Society is associated with
the extreme right of American Politics. Warren was
very close to his father often following him to work.
And his father made good use of his presence,
employing Warren to write prices and quotes on the
board in his investment firm. His close bond with his
father was further encourage but a tense relationship
with his mother. Leila was prone to immense anger and
violent outbursts.
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http://www.thenewamerican.com/tna/1995/vo11no26/vo11no26_leader.htm
Howard Buffett on the proposed creation of a UN army:
"A number of speakers here have mentioned with quite
some piousness the birthday of the lonely Nazarene,
but I do not think many of them have mentioned ...
that it was probably the first international police
force of all times that crucified the lonely Nazarene.
It was the Roman legions that were in this land
foreign to their own that crucified the lonely
Nazarene whom we revere as the founder of
Christianity. That leads me to the further observation
that if great international police forces are set up
we might again see the spectacle 2,000 years later of
an international police force crucifying Christianity
that the lonely Nazarene died for years ago." - Howard
Buffett
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How Warren Buffett Made His Fortune
http://www.referenceforbusiness.com/biography/A-E/Buffett-Warren-E-1930.html
LAYING THE FOUNDATION
Buffett created Berkshire Hathaway in 1969, after
shutting down his 13-year-long partnership with a
select group of sevenrecruited investors (from among
his family and friends). This group, formed in 1956,
put in a total of $105,000, of which only $100 was
Buffett's. By 1962 the group's capital had grown to
more than $7 million, more than $1 million of which
belonged to Buffett. He charged a fee of only 25
percent of profits above 6 percent, and he would forgo
his fee if his performance did not exceed the return
on government bonds, which yielded the same 6 percent.
Buffett alone had authority to make investments for
the partnership, and he would answer no questions
regarding them. New investments were allowed only once
or twice annually, and he broadened his investor base
as his profits grew, bringing in 90 more limited
partners from throughout the nation at $100,000 each.
(Laurence Tisch of Loews and CBS put in $300,000.)
Buffett incorporated the group as Buffett Partnerships
Limited and opened an office in Kiewit Plaza. This
location would endure as the headquarters for what was
to become Berkshire Hathaway, the most successful
investment company in history. Within 10 years Buffett
had assets of $44 million, of which nearly $7 million
was his. In 1969 he determined that further suitable
investments were unavailable and began to liquidate
the partnership. By then the assets had grown to $104
million; Buffett's share came to more than $25
million. He had always said that someday he would be
wealthy, but for Buffett this was only the beginning.