Education
Ruane graduated from the University of Minnesota in 1945 with a degree in electrical engineering and from Harvard Business School in 1949.
Ruane graduated from the University of Minnesota in 1945 with a degree in electrical engineering and from Harvard Business School in 1949.
He enlisted in the United States. Navy and was on his way to Japan when World World War II ended. Buffett advised associates to invest with Ruane after he had closed out his initial partnership as they both employed Graham"s value investing techniques. 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 Harlem, committed to make it a better place, renovating buildings and establishing clinics and community service programs. Ruane gave every child on the block a scholarship to a Catholic school.
He also funded programs at public schools and schools on Indian reservations, and contributed to mental health causes. He died at Memorial Sloan-Kettering Cancer Center in Manhattan, aged 79 (several weeks before his 80th birthday).