"Success is learning patience." At eleven years old, Warren Buffet purchased three shares of Cities Service Preferred at $38 per share, which quickly dropped to $27 per share. Although he was an emotional wreck, he held on to the stock until it rebounded to $40 per share, at which time he quickly sold. The stock then shot up to $200 per share and Warren learned early the importance of patience.
Warren Buffet (1930 - ) is known as perhaps the greatest investor to ever live. He became the world's richest person by sticking to common sense principles in stock market investing.
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