About to run?, page-88

After reading farther on Buffets early life it appears he first invested in the markets at age 11 shortly after the attack on Pearl Harbor.
He and his sister Doris bought six shares of Cities Service for $38 a share after Warren identified it as undervalued.
Unfortunately the stock lost almost a third of its value within weeks of his purchase.
Despite his sisters constant berating over their dwindling fortune Warren held the oil services stock until it rebounded to $40 where he closed the trade for a $2 profit.
After cashing in he watched the stock climb to more than $200 a share without him .
At age 15 he delivered Washington Post newspapers for $175 a month.
In High School he invested in a business owned by his father and bought a 40 acre farm worked by a tenant farmer .
He bought the farm at the age of 14 with $1200 of his savings .
That initial foray into the market, while tough, taught him the most important lesson of all.
Never try to time the market, rather identify an undervalued asset then hold until value is realized
He says if you're not prepared to invest in a stock for ten years then there is no way you should hold it
for 10 minutes.
Price is what you pay value is what you get .
His investment philosophy is based on the teachings of Benjamin Graham who had such a profound influence on him that he named his first born son Howard [after his father ]Graham Buffet.