Warren Buffett Presented Presidential Medal Of Freedom By President Obama

Forbes Breaking News

Back in 2010, Warren Buffett, who has announced he is stepping down as Berkshire Hathaway CEO, was awarded the Presidential Medal of Freedom by President Obama.

Transcript

00:00Welcome back to the Dream.

00:05In 1942, an 11-year-old boy from Omaha, Nebraska,

00:09invested his entire fortune in six shares of city services

00:13preferred at $38 per share.

00:19The stock soon dropped sharply, devastating his holdings.

00:26But true to form, the boy did not panic.

00:29He held those shares until the stock rebounded,

00:32earning himself a small profit.

00:35Things got a little bit better after that.

00:40Today we know Warren Buffett not only as one of the world's

00:43richest men, but also one of the most admired and respected.

00:47Unmoved by financial fads, he's doggedly sought out value,

00:52put his weight behind companies with promise,

00:55and demonstrated that integrity isn't just a good trait,

00:58it is good for business.

01:02And yet for all the money he's earned,

01:04you don't see Warren Buffett wearing fancy suits or driving

01:08fancy cars.

01:10Instead, you see him devoting the vast majority of his wealth to

01:14those around the world who are suffering or sick or in need of

01:17help.

01:18And he uses his stature as a leader to press others of great means

01:23to do the same.

01:26A philanthropist is a lover of humanity and there's no word

01:29that fits Warren better.

01:32I should point out he's so thrifty I had to give him a White House

01:35tie the last time he came here to visit.

01:39His was looking a little shredded.

01:44So then when Bill Gates came, he wanted one too.

01:49Warren E. Buffett.

01:58As a world-renowned investor and philanthropist, Warren E. Buffett's

02:10business acumen is matched only by his dedication to improving the

02:13lives of others.

02:14He is a co-founder of the Giving Pledge, an organization that

02:19encourages wealthy Americans to donate at least 50% of their

02:22wealth to philanthropic causes.

02:24Warren Buffett's example of generosity and compassion has

02:29shown us the power of one individual's determination and

02:32inspired countless women and men to help make our world a brighter

02:35place.

02:54U.S.

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