Buffett, the only son of a stockbroker, was ready to think outside the box to develop his business from a very early age. At 8, he went to golf courses collecting and selling the used balls. At 11 when he sold soda pop door-to-door with a friend, the pair collected lids on streets to judge which flavor was the most popular.
As a paper boy during high school, Buffett delivered two competitor papers, so that even when customers canceled one of the subscriptions, he could still make a profit from the other. With his paper delivery savings, Buffett bought 162,000 square meters of farmland and collected rent. Young Buffett stepped into the stock market at 11 but earned only $5. The experience taught him one of the virtues in investing, patience.
After graduating from university, Buffett started his venture with stocks with his childhood earnings and money from friends. He researched the stocks and just bought those of solid companies that were undervalued and inexpensive at the time. By sticking to companies such as American Express and Coca-Cola, Buffett has become rich.
“Learning is important to Buffett’s success. He is a learning machine who can spend his entire day reading. He keeps learning from books, street smarts and investigation, from both success and failure. In this way, he over-achieved his aptitude (能力).” said Charlie Munger, his longtime business partner.
16. The passage is mainly about ___________.
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