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When 7-year-old Warren Buffett said, “I will be the richest man one day, his fri

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When 7-year-old Warren Buffett said, “I will be the richest man one day, his fri

When 7-year-old Warren Buffett said, “I will be therichest man one day,” his friends made fun of his “daydreaming”. But ever sincethen the little boy has set about learning how to make money by selling drinks,delivering newspaper and buying stocks. The American had already earned $9,000(equal to $90,000 today) by the time he graduated from the high school.

And this month the 78-year-old, who earned his fortuneby making a lot of sound investment in the stock market, took the place ofMicrosoft founder, Bill Gates, as the world’s richest man. Gates’ worthdeclined $1.5 billion to $55.5 billion in 33 days after the recent financialstorm, according to Forbes Magazine.

Buffett, the only son of a stockbroker, was ready tothink outside the box to develop his business from a very early age. At 8, hewent to golf courses collecting and selling the used balls. At 11 when he soldsoda pop door-to-door with a friend, the pair collected lids on streets tojudge which flavor was the most popular.

As a paper boy during high school, Buffett deliveredtwo competitor papers, so that even when customers canceled one of thesubscriptions (订阅) , he could still make a profit from theother. With his paper delivery savings, Buffett bought 162,000 square meters offarmland and collected rent. Young Buffett stepped into the stock market at 11but earned only $5. The experience taught him one of the virtues(优点)in investing patience.

After graduating from university, Buffett started hisventure with stocks with his childhood earnings and money from friends. Heresearched the stocks and just bought those of solid companies that wereundervalued and inexpensive at the time. By sticking to companies such asAmerican Express and Coca-Cola, Buffett has become rich.

“Learning is important to Buffett’s success. He is alearning machine who can spend his entire day reading. He keeps learning frombooks, street smarts and investigation, from both success and failure. In thisway, he over achieved his aptitude (能力),” saidCharlie Munger, his longtime business partner.

1.The passage is mainly about_____.

A.why Buffetttook the place of Bill Gates as the world’s richest man

B.what effectBuffett’s childhood experiences have on his success

C.how Buffettearned his fortune and achieve his aptitude

D.what Buffettdreamt about when he was a child

2.How did Buffett behave at the stock market?

A.He will buythe stock whose price is lower than its value.

B.He oftenprefers some inexpensive stocks.

C.He alwaysborrows money from his friends to buy stocks.

D.He will sellthe stock if its price doesn’t go up.

3.Which is the main factor that determines Buffett’ssuccess?

A.His desire tolearn.

B.His familybackground.

C.Hiseducation.

D.Hiscooperation with his partner.

4.What can we infer from the passage?

A.Buffett is animmediate success in the stock market

B.Buffett andGates are business partners.

C.His fatherhelped him a lot in his business.

D.Buffett has agood sense of business.

 

试题答案

【答案】

1.C

2.A

3.A

4.D

【解析】

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