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He has been known as the «Oracle» or «Sage» of Omaha by global media. He is noted for his adherence to worth investing, and his private frugality despite his immense wealth. He went on to graduate from Columbia Business School, where he molded his funding philosophy across the idea of value investing pioneered by Benjamin Graham. He attended New York Institute of Finance to focus his economics background and soon after began varied business partnerships, including one with Graham. He created Buffett Partnership, Ltd in 1956 and his firm eventually acquired a textile manufacturing firm called Berkshire Hathaway, assuming its name to create a diversified holding firm. In 1978, Charlie Munger joined Buffett as vice-chairman.

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