Buffett Net Worth - From 14 to 86 years old

[maxjohan]

Thought this article could be interesting to those interested in money, business etc.

When Buffett was 37 he had a net worth of only $10 million.

From 43 to 44 he lost almost half his net worth.

Went from 34M to 19M.

From $6,000 to $73 billion: Warren Buffett’s wealth through the ages - MarketWatch

[JohnnyClips - BANNED FOR LIFE]

Who cares??

[maxjohan]

Originally Posted by JohnnyClips

Who cares??

I said those interested in business, money and stuff like that.

[JohnnyClips - BANNED FOR LIFE]

Originally Posted by maxjohan

I said those interested in business, money and stuff like that.

Again who cares?

[maxjohan]

Originally Posted by JohnnyClips

Again who cares?

Those who are the curious types. Guess. not you.

[bns666]

lucky him

[maxjohan]

Originally Posted by bns666

lucky him

Wrong way to look at it. You need to compare how you stack up right now. And figure out how to beat him.

[mechanicvirus]

Originally Posted by JohnnyClips

Who cares??

Only libtards and debutantes

[Barry-xlovecam]

Warren Buffett is one of the biggest winners in the world today -- unlike some of the gutless pukes around here.

[PornDiscounts-V]

Haters gonna hate

[mineistaken]

Originally Posted by Barry-xlovecam

Warren Buffett is one of the biggest winners in the world today -- unlike some of the gutless pukes around here.

Not hating on buffet, but random thought:

lets say 100.000 people start investing.
50.000 succeeds to second level.
Then 25.000 to third level.
And so on.

So even randomly you would get a handful who reach top level.

So in theory you could have someone who is on top just because he was that one who was lucky at his plays.

And then people would think, wow what a genius investor. While in reality he would be the one of the 100.000 who simply was the one who got lucky odds.

[maxjohan]

I thought Bill Gates were lucky too when I were in my early 20s.

I don't know exactly, what the US stock options looked like 40 years ago. But I know, that in Sweden there were like 40 stocks you could pick from. So, yes. Somehow there were probably fewer options and were easier(not luck) for a skilled investor to pick the right ones.

But overall, when you are worth $70 billion, the luck factor is probably out the window then

Guys like Buffett creates his own luck by persistence.

Skill, talent, knowledge, mindset and hiring the right people adds to it too.

More so, than luck in the long run.

[mineistaken]

Originally Posted by maxjohan

I thought Bill Gates were lucky too when I were in my early 20s.

To be clear, I am not saying he was lucky.

I am just thinking about this idea.
Basically imagine it like coin flip, 50/50, or roulette double up.
If million people starts doing it, guessing coin sides (or stocks short/long) and such, every step of the way some will be eliminated, some will continue to the top.

Just a food for thought.

[maxjohan]

Originally Posted by mineistaken

I am just thinking about this idea.
Basically imagine it like coin flip, 50/50, or roulette double up.
If million people starts doing it, guessing coin sides (or stocks short/long) and such, every step of the way some will be eliminated, some will continue to the top.

Yeah, I get it. But I don't think your first post were realistic to compare this into Buffett type investing.

I don't feel you can compare being a great value investor(like Buffett) with flipping a coin or a roulette double up.

But on a lower level I can see it. Most people don't put much thought or time into stock analysis. The majority just go on feel or what friends, or people on a stock forum are saying.

On this level, the roulette double up may work.

[bns666]

Originally Posted by maxjohan

Wrong way to look at it. You need to compare how you stack up right now. And figure out how to beat him.

tru dat

[Linkster]

Originally Posted by mineistaken

lets say 100.000 people start investing.
50.000 succeeds to second level.
Then 25.000 to third level.

Just to put a little perspective and reality in here - of the first 100,000 only about 1,000 will make it to the second level (1% or so) in the real world

The real success factor is being able to work 16-20 hours per day and not complain one bit

[ilnjscb]

He is losing it - for all his talk of equality and democracy, he stood behind well fargo, a complete shithole predatory "bank"

[SekobA]

I use it but they use paid options for some services