Warren Buffett spent much of his childhood in Washington, D.C., where his father was a long-term member of the United States Congress when he wasn't focusing on his own investment career. Buffett was an active entrepreneur and aspiring investor from a young age. read more
Then there is pragmatism. During his early years, Warren would buy recovery and turnaround opportunities – many of these were small companies. But when you have billions to invest, this approach is not practicable. So Buffett has tried other avenues. When he bought Heinz, the bulk of his purchase was in high-yielding preference shares. read more