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Warren Buffett Story Part 8 | Unveiling the Warren Buffett Childhood Story

Updated: Sep 7, 2023



In the previous article, we witnessed young Warren Buffett grappling with formidable adaptation challenges and the pain of relocation. The burning question now arises: how will Buffett ingeniously leverage a seemingly modest role to ignite his entrepreneurial prowess and conceive innovative business models?


At Buffett Online School, we believe in investing in great companies you understand, and utilizing Free Investing Resources to kickstart your investment journey is one of the best ways to learn.


Innovative Approach to Early Jobs: Buffett's Creative Mind

Young Buffett faced tough challenges adapting to new situations, and his grades dropped. To overcome this, he took up a job delivering newspapers. He did this because he wanted to feel better and not struggle anymore. But as his grades got even worse, his father, Howard, told him sternly that he wouldn't be allowed to deliver newspapers if he didn't improve. This made Buffett get serious about his studies again. He worked hard, and getting better grades made him more comfortable living in Washington.


Newspaper Delivery Job and Academic Progress

When Warren Buffett was thirteen, he became a newspaper delivery boy for The Washington Times, making him a part of the taxpayers' club in the United States. While his school grades were average, his determination to work was unmatched. Imagine a young 13-year-old waking up before the sun to deliver 500 newspapers! But this dedication had its challenges - he got tired and fell sick. That's when his mother, Lila, stepped in to help him get better.


Warren Buffett Childhood Story

After recovering, he turned his newspaper deliveries into an opportunity to sell magazines too. He had a clever trick up his sleeve - he gave small gifts to some girls in the building to learn more about the residents. This idea worked like magic and brought him extra insights. Combined with his newspaper and magazine earnings, he made an impressive $175 monthly - just like a grown-up's salary! And by the time he turned 14, he had saved up enough to invest in a piece of land, all thanks to his smart financial thinking at such a young age.


Enterprising Spirit and Early Business Ventures

Buffett's skills didn't just stop at delivering newspapers for The Washington Times. He also delivered papers for a rival company, The Washington Evening Star. This double duty showed his smarts in spreading out his work. Imagine having two jobs to catch if one didn't work out!

But that wasn't all. At his peak, he was delivering papers for five different companies at the same time. It was a lot of hard work, but by the time he was 14, he was earning $175 monthly. That's a lot of money, especially for someone his age. He didn't just spend it all – he had bigger plans. He saved up and even invested in things like land.

Buffett was honest, too, right from the start. He was careful about paying his taxes, which is a good thing. This honesty stuck with him as he grew up, even when he became one of the richest people in the world.


Progression Amid Industry Changes: The Remarkable Journey

The story of Warren Buffett is all about seeing things ahead of time, like magic! There's an exciting part where something amazing happens later on. The Washington Evening Star and The Washington Times, two important newspapers, joined together, led by Eugene Meyer, Katharine Graham's father.


Many years passed, and the boy who used to deliver newspapers transformed into a significant shareholder and leader of The Washington Post 1973, another big newspaper. Buffett's audacious accomplishment defies conventional norms.


Could young Buffett have known this would happen? We're not sure, but what he achieved is huge and hard to believe. Not many people can do what he did – take over a company he once worked for and lead a famous newspaper in the US. It's a big deal!


Transition to High School and Beyond: Anticipating the Future

Stay tuned for the next exciting chapter in Warren Buffett's incredible journey. We'll be exploring his transition to high school and the captivating prospects that lie ahead. Get ready to dive into the next installment of this remarkable tale!


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Remember, you have the choice to cultivate the right investing mindset and unlock your potential to build wealth through intelligent investing. Together, we can create a network of educated investors who make informed decisions and contribute to their financial well-being!


In the meantime, check out some of our blog posts to continue your learning. You can also join our BOS Telegram channel for more investing insights.


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