Once a 14 year old kid, who used to deliver newspapers, told his family friend that if he doesn't become a millionaire by the age of 30, he'll jump of the tallest building of his city !
I'm sure nobody even remembered his outrageous claim after 16 years but that child.....that child is now the age of your grandpa and is worth $85 Billion !!! 😮
Buffett bought his first stock at the age of 11, and made a small profit on it !
In college, he found his mentor Benjamin Graham, who is the author of 'The Intelligent Investor'. Buffett learned value investing from Benjamin Graham.
The December Effect, more commonly known as the "January Effect" is a seasonal decrease in share prices in the month of December and an increase in prices in the month of January !
This is a very popular hypothesis but what's the logic behind it ?
If you take a look at the revenue breakdown, out of $21B in total revenue, about $9.4B comes from "company operated restaurants" i.e. from selling burgers !
The remaining revenue of about $11.6B comes from Franchise Royalty and Rent !!