Warren Buffett purchased his first shares at age 11 in early 1942, shortly after the attack on Pearl Harbor. He acquired stock in the natural gas firm Cities Service at $38 per share for a total of $114.75. Buffett later noted that investing the same amount in the S&P 500 with dividends reinvested would have grown to roughly $400,000 by 2018. Born in Omaha in 1930, he studied under value investor Benjamin Graham at Columbia University. The investor has long emphasized patience during market volatility and geopolitical events. He has described the stock market as a mechanism that moves money from the impatient to the patient and leads Berkshire Hathaway as chairman and chief executive.
