Warren Buffett's childhood experiences significantly shaped his approach to business. Growing up during the Great Depression, he witnessed the importance of financial stability. His father's profession as a stockbroker likely influenced his interest in the stock market and investing. His mother's verbal abuse may have instilled in him a strong desire for approval and success. His need to feel loved and to avoid criticism may have driven him to work hard and succeed in business. His marriage to Susie, who provided him with the love and support he lacked in his childhood, may have further motivated him to succeed. However, his dedication to his work often came at the expense of his family life.
When a group of economists came up with the Efficient Market Hypothesis, to explain how it was impos...
View summary