WARREN BUFFETT STORY PART 2: What You Don't Know About the Path of Warren Buffett | The Buffett Family History
We all know the current Warren Buffett, as narrated in Part 1 of Warren Buffett's Story. But was he born with a golden spoon in his mouth to become a stock god? Let's look into his family’s history.
In the 17th century, there was a wave of immigrants from Europe to the United States, and Warren Buffett's ancestors came to America.
John Buffett came to America in the 17th century. He was the first member of the Buffett family to come to the United States.
After 200 years in the U.S., the Buffett family's lineage passed to landowner Zebulon Buffett. He was so stingy and harsh, even to his family, that even his grandson, Sidney Holman, experienced this too. But Sidney Homan Buffett couldn't take it any longer and decided to leave home to start their own lives in the West. In 1867, they came to Omaha, where Sidney and his relatives came together to run the courier station.
However, they believe that there are better business opportunities, so they changed their 14th Street business and opened a grocery store selling fruits, vegetables, and a variety of household goods; this business, as opposed to the courier station, started the family's initial success, which grew into the family business.
Although the business was just a small store, with a 4-wheeled truck powered by a mule, Sidney's two sons had their hands on success.
Sidney's sons, Ernst and Frank, grew their family. Ernst married Henrietta, had three sons and a daughter, and opened another retail store. His business acumen was sharp, and after a period of time, the family's retail business took one of the top positions in Omaha.
One of Ernst P. Buffett's sons was Howard Buffett, who was a four-term member of the U.S. House of Representatives. Howard was able to get a good education early on and attend the University of Nebraska, where he majored in journalism, thanks to his grandfather's prosperous career. Instead of going into business after graduating from college, he chose to work in the media.
Buffett's mother, Leila, was born in West Point, Nebraska, a small town in the middle of nowhere. Her father was the owner of a local newspaper. She had to take care of her two sisters and help her father with his work. Leila soon learned about printing, and after school she would go to work at her father's newspaper. At the age of sixteen, she met her future husband, Howard Buffett, through an interview while she was job-seeking.
Buffett's parents' meeting was romantic. Leila went to the Nebraska Daily News for a job interview. Howard conducted the interview, and Leila caught his eye because of her elegance.
He asked her, "What did you study?" Leila, who had only recently graduated from high school, replied humorously, "Learning how to get married and have a family."
Howard replied humorously, "That's a bit of an impractical course." Although Howard replied this way, he had already made up his mind that he would pursue this lovely girl.
Their love flourished, and on Christmas Day 1925, they had a simple but heartfelt wedding at West Point. Although they did not have much money at the beginning, they moved to Omaha to work after the wedding and gave birth to Warren Buffett, the protagonist of an amazing investing story, five years later.
The lovely conversation that Buffett's parents had when they first met is a recurring theme in his life and a testament to the romance and joy of his parents' union.
Let’s see how their story unfolds in the next part of Warren Buffett's story.
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