On the morning of March 6th, Beijing time, Forbes magazine released the latest global rich list today. Buffett's net worth soared by $654.38+0 billion due to the sharp rise of his stock, reaching $62 billion, making him the richest man in the world. Slim, a Mexican telecom tycoon, ranked second with $60 billion, and Gates, the richest man in 654.38+03, retired to third place. 2008 Forbes Global Rich List Biography of Buffett Date of birth:1August 30, 930 Native place: Berkshire Company in Omaha, Nebraska, USA Position: Chairman of the Board of Directors Graduate School: Finance Department of Columbia University Experience: 1957 Buffett's capital reached 300,000 US dollars, but it rose to 500,000 US dollars by the end of the year. By the end of 1994, 1994 had developed into a Berkshire industrial kingdom with $23 billion. It is no longer a spinning mill, but has become Buffett's huge investment and financial group. During the 42 years from 1965 to 2006, the average annual growth rate of Berkshire's net assets reached 2 1.4%, with a cumulative increase of 361156%; In the same period, the average annual growth rate of S&P 500 companies was 65,438+00.4%, and the cumulative growth rate was 64.79%. On March 1 day, 2007, Berkshire A shares rose by $4 10 to close at $ 106600. Last year, Berkshire's A-share price rose by 23%. By contrast, the average share price of the Standard & Poor's 500 index rose by only 9%. Buffett is the greatest investor in history. By investing in stock market and foreign exchange market, he has become one of the richest people in the world. The value investment theory advocated by him is popular all over the world. Value investment is not complicated. Buffett once summed it up as three points: treating stocks as many miniature business units; Treat market fluctuations as your friends rather than enemies (profits sometimes come from loyalty to friends); The price of buying stocks should be lower than you can afford. "In the short term, the market is a voting calculator. But in the long run, it is a weighing machine "-in fact, it is not difficult to master these ideas, but few people can persist for decades like Buffett. "Buffett never seems to try to make money from stocks. He bought the stock on the assumption that the stock market would close the next day or would not reopen for five years. In the view of value investment theory, once you see market fluctuation and think it is profitable, investment becomes speculation, and nothing affects investment more than gambling mentality. "

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