The Warren Buffett Story 2 - Meeting the Teacher

From a boy who made money with no method, to an investor

'The Warren Buffett Story' Episode 2, 'Meeting the Teacher,' follows nineteen-year-old Warren as he meets Benjamin Graham and learns value investing. He was already a genius at making money, but his investing had no principles — closer to gambling without rules, chasing graphs and rumors.

You watch young Warren from beside him, predicting his choices, and take direct part by sorting 'Mr. Market's' offers and picking companies that trade with a margin of safety. Every event, year, and number follows the real record; only the characters' dialogue is naturally dramatized.

The book that changed his life, and three principles

In 1949, Warren meets Graham's book, 'The Intelligent Investor.' A stock is not a price but a 'piece of a company,' and what you buy is its value, not the swaying price — the moment a game without rules first gains a principle.

Graham likens the market to moody 'Mr. Market': don't be swept up in his madness — use it. And the single most important phrase, 'margin of safety' — buy a dollar's worth for fifty cents, and always leave room to be wrong.

Warren learns directly from Graham at Columbia and earns the only A+ Graham gave in twenty-two years of teaching. With the three principles of value investing now in hand, he is ready to test what he has learned in the real world.

What the story teaches

Three principles Graham left him. One: a stock is a piece of a business, so buy the value behind it, not the swaying price. Two: the market is your servant, not your guide — use its moods, don't follow them. Three: margin of safety — buy a dollar's worth for fifty cents, and always leave room to be wrong.

Events, years, numbers, and people are real; the dialogue is naturally dramatized to aid understanding. It is not affiliated with any company or organization.