of farmland in Nebraska and soon began collecting rent from a tenant farmer. He and a friend also made $50 a week by placing pinball machines in barber shops. They called their venture Wilson Coin Operated Machine Co.
Already a successful albeit small-time businessman，Buffett wasn’t keen on going to college but ended up at Wharton at the University of Pennsylvania—his father encouraged him to go. After two years at Wharton，Buffett transferred to his parents’alma mater，the University of Nebraska in Lincoln，for his final year of college. There Buffett took a job with the Lincoln Journal supervising 50 paper boys in six rural counties.
Buffett applied to Harvard Business School but was turned down in what had to be one of the worst admissions decisions in Harvard history. The outcome ended up profoundly affecting Buffett’s life，for he ended up attending Columbia Business School，where he studied under revered mentor Benjamin Graham，the father of securities analysis who provided the foundation for Buffett’s investment strategy.