Warren Buffett explains how to use discounted cash flow in investment. From Berkshire Hathaway Annual Shareholders Meeting. Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors in the world and has a net worth of over $98 billion as of July 2022, making him the world's eighth-wealthiest person.

Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring to and graduating from the University of Nebraska at 19. He went on to graduate from Columbia Business School, where he molded his investment philosophy around the concept of value investing pioneered by Benjamin Graham. He attended New York Institute of Finance to focus his economics background and soon after began various 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 company. In 1978, Charlie Munger joined Buffett as vice-chairman.

Buffett explains why he believes S&P 500 Index is the best investment for the majority of people in the world. In fact, most people who are paid to deliver higher returns than the indexes (mutual fund managers, financial advisors, and etc.), can't potentially outperform the stock market and S&P 500.

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