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https://www.youtube.com/watch?v=iEgu6p_frmE

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I don't believe the economy would ever get better or prosper without people around to take risk. No one would invest money to make more money. If that were the case there would be no companies in stocks open because no one would be willing to put money into them. People would be out of jobs and if anything I think the economy would start to take a turn for the worst.

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I think that in order to have success you must take risk. Like in Buffett's situations he had to take risk investing money into companies in order to earn even more money. You can't have the success you want unless you are willing to take risk.

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Warren Buffett said that his greatest success was having self made success. For decades before even buying Berkshire he gained knowledge and experience of the business at a young age which helped him succeed in life. He said without all the knowledge he learned as a young child he would not be where he is today owning all the companies that he currently does now.

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Warren Buffett says his biggest fail in the business was buying all of the stocks of Berkshire Hathaway and trying to keep the textile business running for another 20 years which cost his 200 Billion dollars. He says although it cost him a large some of money it was his mistake and he learned from it moved on and became one of the richest men in the world.

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Buffett's biggest risk was buying into stocks and a company that was already failing in order to try and save it and make it his own company. He did this with many stock companies but the first was Berkshire Hathaway.

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Buffett's most famous company he is most known for is Berkshire Hathaway.

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Warren Buffett was born in 1930 in the United States in Omaha. He is currently still alive at the age of 87.

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Warren Buffett has the idea of buying stocks for a low price at a company where everyone else saw a crashing business. He thought when he eventually took over all the stocks he could change the company and make a large profit off of the dirt cheap stocks.

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From the age of 11 Buffett had taken an interest in investing and stocks. He bought his first stock at the age of 11 and used money he saved from odd jobs to buy pinball machines and placed them in local stores to make money. After gaining knowledge and experience he thrived for more which eventually lead to him buying all the stocks of Berkshire and gaining control of the whole company to make it his own.