William J. Ruane
William J. Ruane | |
|---|---|
| Born | October 24, 1925 Ruane, Cunniff, and Goldfarb |
| Known for | Manager of Sequoia Fund |
William J. Ruane (October 24, 1925 – October 4, 2005) was an American businessman, investor, and philanthropist.
Ruane graduated from the
U.S. Navy and was on his way to Japan when World War II ended. He met Warren Buffett at an investment seminar with value investing guru Benjamin Graham and he and Buffett became lifelong friends. When Buffett closed his investment group in 1969, he advised associates to consider investing with Ruane as they both employed Graham's value investing techniques.[1]
Ruane founded his own investment firm, Ruane Cunniff, with partner Rick Cunniff in 1970, and the same year they launched their flagship Sequoia Fund. Ruane's firm was renamed
Ruane, Cunniff, and Goldfarb in 2004, when Robert Goldfarb
became president. In 2008, the Sequoia Fund announced it would open its fund to new investors for the first time since 1982.
In 1992 he adopted a block in the
Indian reservations, and contributed to mental health causes. [citation needed
]
Death
He died at
Personal life
William J. Ruane resided in Manhattan and
.See also
References
- ISBN 0471044601.
- ISSN 0362-4331. Retrieved 2021-04-28.
- ISSN 0362-4331. Retrieved 2021-04-28.
External links
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