Warren BuffetWarren Buffet is in the ranking of the richest men in the world, with a total wealth of 50 billion dollars in 2011. His main source of wealth comes from his company Berkshire Hathaway, a conglomerate holding company located in Omaha, Nebraska, United States. His fundamental philosophy of value investing and prudence has influenced many investors around the world. Businessman and investor Warren Buffett was born on August 30, 1930 in Omaha, Nebraska. Investing at age 11, Buffett already started a small business at 13. Buffett later started a company called Buffett Partnership in Omaha, achieving huge success. In 2006, Buffett announced to the media that he would donate his entire fortune to charity (estimated at $62 billion), which is the largest act of charity in US history. a stockbroker and served as a U.S. Congressman. Warren's mother, Leila Stahl Buffett, was a housewife. Buffett was the only son among Howard and Leila's three children. Buffett had a knack for financial and business dealings since his childhood. Friends and close friends said the boy was a math prodigy and was able to add large columns of numbers in his head, a talent he occasionally exposes to friends and business associates. During this time, Warren often visited his father's securities firm. shop, and wrote down the stock prices on the whiteboard in the office. At the age of 11 he made his first investment, he purchased three shares of Cities Service Preferred at a price of $38 per share. The stock quickly plummeted to just $27, but Buffett tenaciously held on until it reached $40. He sold his shares for a small profit... middle of paper... great." The Laissez-Faire style will work if the followers are highly motivated and highly skilled, but very often this is not the case. followers who are not highly skilled, competent, or excellent problem solvers often end up failing at their tasks and missing deadlines. It seems that Warren Buffett has the ability to choose highly motivated and capable managers who thrive in a results-oriented environment By carefully choosing who to put his trust in, he is able to delegate to them the autonomy they need to succeed. Good Traits and Bad Traits.1. Warren Buffett has chosen to build human lives, not family dynasties he called inherited wealth “food stamps for the rich”. He also added that in order not to give too little to children they would not give them too much that leads them to do nothing.Warren Buffett i