Warren Buffet :: Berkshire Hathaway

Warren Buffet Warren Buffet was born August 30, 1930 in Omaha, Nebraska. He lived much of his life in Nebraska and later moved to Washington D.C. At 11 he purchased his first stock which he ended up making a five-dollar profit on this investment. He got his bachelors degree from The University of Nebraska. For some time he attended Wharton’s School of Finance at the University of Pennsylvania. This institution is rated as one of the top five business schools in the nation. His Masters of Science in Economics was completed at Columbia University. Shortly after completing college Warren founded the Buffet partnership. This was all accomplished by the age of 25. Had someone invested $10000 with Warren back in 1956 it would worth an astounding $95 million today. Warren Buffet is worth over 27 billion dollars at the age of 69. Investing in other well-known companies made much of his money. He has major holdings of American Express, Coke, and Walt Disney just to name a few. He is also rumored to own as much as 20% of the world’s supply of silver. Today Warren Buffet is the CEO of Berkshire Hathaway. Some of the other companies included under the Berkshire name are Geico Insurance, Berkshire Hathaway Life Insurance Company of Nebraska, Borsheim’s, and Dairy Queen. Berkshire is based out of his hometown of Omaha Nebraska. There have been many books written about Warren’s investment strategies and his life in general. He has never written a book himself. I found a few books he helped co-author including one that was nothing but quotes and sayings he has come up with over the years.

How Andrea Jung Became Successful

Her parents are both Chinese immigrants that moved their children with the dream of providing them with a better education. Both her parents are very educated people and they set high standards for Jung and expected her to work hard for what she wanted and to achieve as much as possible without losing sight of her heritage and values. She has always stated that she was not a very good student growing up, but her parents would offer something in return for her earning straight As. Every time she wanted something she knew she would have to study really hard to get It and It's because of this that she credits her parents with furthering her resolve and ambition. 1 While In high school she got Involved In extra-curricular activities, specially the student body, she served as class secretary and then president. After high school, Jung attended Princeton university and earned a BAA degree in English Literature. She decided to take a break from school and hoped to attend law school afterwar ds, but she enjoyed her Job so much that she decided that perhaps that was her calling. Jung attended a college career fair and she was hired by Bloodiness's for a management-training program. She had at first figured the experience would come in helpful once she started working on her law degree, but she realized that she really enjoyed working In retail. Her parents TLD agree with her decision of working In the retail business and they saw her choice of career as a waste of a good college education. Jung made a smart move along the way and chose a mentor. Having a mentor was good for Jung as she was very successful and had become the company's first female vice president.Jung knew she could learn a lot from her and she did. Jung learned that men didn't see women executives as strong but weak beings and found that the majority of women in the workplace didn't support other women and it was a tough environment. â€Å"Some people just wait for someone to take them under their wing,à ¢â‚¬  he said. â€Å"Vie always advised that they shouldn't wait. They should find someone's wings to grab onto. â€Å"3 Jung made it a point to become successful and she worked hard at It and didn't let any misconceptions or put downs get In her way or set her back. Jung had other Jobs and as she moved she worked her way up the chain. Junk's outgoing personality was helpful and she made friends and networked with many then she went on to work at Newman Marcus as the executive vice president in charge of merchandising. L She learned a lot along the way, especially the importance off good self image. If she wanted to be successful she had to look successful and she knew how important it was to have a good image. She really enjoyed her work but she was also hungry for a challenge and she found it when she started working as a consultant for Avon.The company's executives really liked Jung ideas as a consultant so they decided to hire her as president of product marketing group for U . S. Operations. L The company found themselves needing a CEO and Jung and three other women thought that they had a good chance of getting picked as they had all worked for the company for quite some time. Unfortunately Avon decided to hire someone from the outside and this was a disappointment because this was a man whom they saw as having no experience in the industry.Not long after though, Mr†¦ Perrine, the current CEO, resigned and opened the door for Jung to step right in. She became Van's ninth president and CEO. 2 Avon has gone through many changes since Jung came onboard, the products have definitely become more updated and they now target a wide variety of customers. You can see anything from dresses, shoes, purses, items targeting children, and of course beauty products. They have products targeting women of all ages and the prices easily beat prices on high stores. One thing that has attracted me to Avon lately is the different campaigns that support important cause s. Breast Cancer is one of them, Jung grandmother died of breast cancer at the age of 63. 2 This was a deep loss for Jung, who recalled, â€Å"It was the early Seventies, and the C-word was forbidden in our house. She didn't want us around her in case it was contagious. There was fear about the subject† (London Times, June 29, 2002). 2 The other cause is called, â€Å"Empower Women Campaign†, this s an important cause because it fights to end violence against women.Jung has worked hard to get to where she is. She was brought up with good family values and has always made sure her family was not affected by the numerous meetings and business trips she has had to attend. Her family is very important and she has said that she has missed some of her children's events, but not the important ones. L Jung was featured in the October 2010 issue of Fortune Magazine and was ranked number 5 among the â€Å"50 Most Powerful Women. † She is a great woman and someone I can ce rtainly say I have learned a lot from.

Non Parametric and Chi-Square Distribution

Individual Paper #3: Non parametric and Chi-square distribution Brief Summary: I worked for a logistic company. My major responsibility was in charge of the storage and transportation of parts of cars between two areas, which are about 1400 miles apart. One of my jobs is collecting the goods from suppliers and arranging the trucks to deliver them. There are five truck drivers, and each of them is assigned to deliver on each weekday throughout a whole year. Before the delivery, we will check the quality of the goods and Make sure that there are no damaged goods.When arriving at the destination, the staff will check the goods again and record the damaged goods that occurred in transit. At the end of every month, we will pay for the compensation according to the number of the defective goods. In order to reduce the number of the damaged goods during the delivery, I want to identify the reasons why they are damaged. In this study, I want to find out that whether some drivers are more pro ne to make the goods damaged during their delivery.Variable to be measured: Two variables are to be measured. The first variable is just the five truck drivers, and the second one is the quality of the goods after the delivery. Determination of Population: Population in this case is defined as the all goods delivered from Tianjin area to Guangzhou area. Statistical method: To analyze relationship between the two variables above which are both nominal in terms of data type, I decide to use Chi-squared test of a contingency table. Sample Selection:The information about delivery is recorded in our computer system, including the delivery date, name of the driver, the number of damaged goods and so on. I take out the data about 52 weeks during the previous year and record them into the following table: | Quality| | Truck Driver| Passed| Damaged| Total| Driver A| | | | Driver B| | | | Driver C| | | | Driver D| | | | Driver E| | | | Total| | | | Hypothesis: The objective is to describe whe ther there is a relationship between the five drivers and the number of damaged goods.The null hypothesis will specify that there is no relationship between the two variables: H0 : The two variables are independent The alternative hypothesis specifies one variable affects the other, expressed as: H1 : The two variables are dependent Use the formula: ?2=i=1k(fi-ei)2ei ? =(r-1) (c-1) which calculates the test statistic. Or use the Excel by importing the data into the function of Data Analysis Plus, Contingency Table. Then I could acquire chi-squared Stat, p-value. The number of degrees of freedom v=(r-1)(c-1)=(5-1)(2-1)=4.If I employ a 5% significance level, the rejection region is X2> X2 a, v = X2 . 05, 4 = 9. 49 Comparing the results, if the p-value is greater than 9. 49, there is not enough evidence to infer that there is a relationship between the five drivers and the number of damaged goods; if the p-value is not greater than 9. 49, I can reject the null hypothesis in favor of th e alternative, which means there is a relationship between the five drivers and the number of damaged goods. So I can reduce the number of damaged goods through improving the drivers’ conditions.