Also found in: Financial.
Buffett, Warren(1930– ) investment entrepreneur/executive; born in Omaha, Nebr. A stockbroker's son, educated at the University of Nebraska and Columbia University, he formed his own firm, Buffett Partnership, Ltd., in his hometown in 1956. His investment successes, particularly in buying undervalued companies whose stocks shortly began to rise, made him extremely rich and gained him the sobriquet, "oracle of Omaha." He helped rescue Salomon Brothers from corporate raiders in 1987, and took charge of the New York City house in 1992 in the wake of an insider trading scandal.
The Cambridge Dictionary of American Biography, by John S. Bowman. Copyright © Cambridge University Press 1995. Reproduced with permission.