A shy kid, a pinball machine, a failed textile mill, and the investing rules that built one of the greatest fortunes in history.
| “The first rule of investment is don’t lose. The second rule is don’t forget the first rule.”
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That’s Buffett’s entire philosophy in two sentences. Yet most people who try to beat the market fail. Buffett is reportedly worth over $100 billion. He didn’t inherit it, and he didn’t build the next big tech company. He did it by winning consistently in the stock market, for decades. So how did a shy boy from Nebraska pull it off? Let’s start at the beginning.
A kid obsessed with money (age 6 to 15)
Buffett was born in Omaha in August 1930, one year after the Great Depression began. He watched people struggle and learned early what money meant. His father lost his bank job and used his last savings to start a stock and bond business. Young Warren spent his childhood reading in his father’s…
