Background Warren Edward Buffette was born on 30th August 1930 in Omaha, Nebraska; he is frequently referred to as the ‘Sage of Omaha’ or the ‘Oracle of Omaha’. He is American and is an investor, a businessman and also a philanthropist. Buffette has accumulated a huge fortune from his continuous shrewd and well-calculated investments over the years, Buffet’s investments are done and managed through his holding company called the ‘Berkshire Hathaway’, he of course is the largest shareholder and the CEO of the company. The company’s worth is estimated to be approximately 52 billion US dollars. Mr. Warren Buffette was classified as the second wealthiest person in the world by Forbes in September 2007. (The Free Dictionary, 2008) Why is he so Successful; policies and strategies? Warren Buffette, world’s second richest man, always treated his studies and investments seriously and thoughtfully, his belief was that investments should be looked after and maintained the same way a business is run and looked after. Warren Buffette was the only pupil to have received an A+ in the entire 20 years of teaching by Benjamin Graham had years of teaching A+ ” in 20 years of teaching in his ‘security analysis class’. Warren Buffette’s teacher Benjamin Graham there should be minimum of 100 stocks in an investor’s portfolio for safety and hence following this principle, Warren followed that rule in the beginning but later discovered that something was now quite right with that school of thought and he changed his style to a more concentrated style of investing where Warren would buy a few stocks and invest further in them after having done substantial research on each company Warren Buffette. Buffette believes that people who invest in multiple companies are looking for easier options and want to make their lives easier by not doing their homework and investigating deeply how the investment would pay off. He thinks that if people only committed to ten business deals in their entire lives then those deals would be more profitable than numerous and uncountable deals in a lifetime of a person as those fewer deals would have more thought given to them before being carried out. Mr. Buffette’s success can be judged by the fact that his portfolio has enjoyed an average increase of 23 percent every year for the past 32 years. He only invests and buys those companies that he will be proud to be the owner of and they should also have an efficient management, good earnings at the time of the purchase and the potential to maintain those earnings for further progression. Buffette loves the companies he decides to invest in and educates himself thoroughly on all aspects of the company, he usually doesn’t like to sell the stocks of any company that he invests in and usually wants to purchase the entire company like he has bought a lot of them for example SEES candy and many more. Buffet is very dedicated and focused as a person and he gives a lot of importance to Benjamin Graham’s book and claimed that he would make no further investments until he read it a minimum of ten times and the book remains on his desk to the day! Another secret of Buffette’s success is that he likes to get involved with companies that have predictable future earnings; this is so that h