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/biz/ - Business & Finance

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File: 47 KB, 637x635, warren-buffett-net-worth-over-time.jpg [View same] [iqdb] [saucenao] [google]
15829501 No.15829501 [Reply] [Original]

How did he do that ?

did he got lucky ?

>> No.15829507

by scamming the working class (not saying its a good or bad thing tho)

>> No.15829516

>>15829507
How exactly?

>> No.15829524

>>15829501
Earned some money
And then ~age 66 became one of (((them))) thus gaining access to insider info

>> No.15829525

>>15829501
Working hard and taking no prisoners (that's a bad thing)

>> No.15829555

>>15829501
Because he stopped trying to "value invest" (retard level strategy) and instead positioned himself in the money-printing pipeline.

"The only investment is the fully backstopped, federal reserve secured investment"

--Warren Buffet

>> No.15829588

>>15829555
>(retard level strategy)
It wasn't a retard level strategy when he was starting out, before things all got arbitraged away. That said, it was certainly helped by his ridiculous active management fees.

>> No.15829604

BUMP

>> No.15829659

bump

>> No.15829699

bump

>> No.15829780

>>15829588
>It wasn't a retard level strategy
True. But it is now....part of the reason why you see the "Gillette we love tranny" clown world theatrics is because all CEO's now know there is no point in investors judging fundamentals. Every investment decision is now a political calculation, thus these companies are telegraphing "We are part of the NWO, thus your investment is safe" to switched on investors.

>> No.15829812

Started life off with no debt and some wealth from his parents. Carefully picked his bets and managed his risk over the years and slowly compounded his wealth, he's the embodiment of the power of compounding with time.

His strategy is sound, it just isn't appealing to the get rich quick types. There will always be value in fundamentally sound companies with a low P/E.

>> No.15829837

>>15829812
Dude, youre not supposed to post your grindr profile

>> No.15830202
File: 9 KB, 234x215, m.jpg [View same] [iqdb] [saucenao] [google]
15830202

>>15829780
kek reminds me of *I am gay and I hold LINK* but that's surely merely a meme though, right?

>> No.15830216

Dividends and silver

>> No.15830250

He has a sound strategy and then further leverage that by owning insurance companies. He could then use the insurance float to leverage his good investments

>> No.15830282

>>15829812
bullshit. you cant get around a million dollars in 4 years from a 140k investment from picking your investments well and compounding. and that million was worth way more than now 50+ years ago.

>> No.15830315

>>15830282
He is a high ranking master mason. You can sometimes spot him at lodge events if you are a brother. Nuff said.

>> No.15830667

>>15829501
much much much time

>> No.15830716

He used inherited wealth to invest in good businesses. It's not really rocket science.

>> No.15830727

>>15829501
He got capital from his family and high ranking relatives/contacts in the family. Basically had handed everything he has. Point is he wanted to be that guy, many were complete retards back then (boomers).

>> No.15830749

>>15829501
Buy insurance companies and use the insurance funds for capital

>> No.15830762

he literally only did not sell

>> No.15830776

>>15830282

Why not? He could average 30% YoY during a good market period. But as I mentioned his family was well off so he u doubtedly had help to start off, which is the most important point.

>> No.15831021

>>15829501
this chart can be pretty confusing for some people because the last 4 bars represent the same amount of time (25 years) as the 13 first bars

>> No.15831050

>>15831021
I agree with this too, the chart is shitty because it jumps around in value along the x-axis. Maybe I'm just not smart enough to understand it though...

>> No.15831052
File: 2 KB, 125x91, srgbw.jpg [View same] [iqdb] [saucenao] [google]
15831052

>>15829501
even Warren Buffet couldn't make it before his dick stopped working at 30yo

>> No.15831054

>>15830727
Even though he got some help he started caring about stocks when he was 11, he's way more redpilled than anyone on this board. He's got some money because he made some risky investments and started some companies early on that made him a good amount of money, and rode the bull for 60 years. Holding some stocks for that long deserves at least some praise

>> No.15831057

Büfi bácsi.

>> No.15831070

>>15829501
He used his money to make more money, making his wealth grow exponentially.
Importantly: he invested in serious, profitable companies rather than utopian tech trash like WeWork and Theranos.

>> No.15831084
File: 66 KB, 346x326, zwooom.png [View same] [iqdb] [saucenao] [google]
15831084

Lmao I have more money at 19 then warren had at 19 and 21. Fuck that stupid ass boomer, he better watch out, because the zoomer is in town. SKRRRRRRRRRRRT LINK $1k EOY SKRRRRRRRRT

>> No.15831147

>>15829780
you nailed it
central planning has shittered the economy, and turned everything into a meritocracy of manipulation and cronyism
clown world (aka keynesian) economics

>> No.15831217

I'm beating Buffet at 32

hehe

>> No.15831503

bump

>> No.15831564
File: 75 KB, 859x737, 1570137023325.jpg [View same] [iqdb] [saucenao] [google]
15831564

>>15829501
>14 5k

Is this adjusted for inflation? In 1950 $5000 would be equivalent to $54,000 in 2019.

>> No.15831646

>>15829812
>>15829501
He literally got into insurance before it became a government mandated monopoly. That's not even lucky it's just once in a lifetime timing. We can do it with link though.

>> No.15831990

>>15829516
Buffett was a major benefactor of the bailout. Eg he paid 5 billion dollars to buy Goldman Sachs shares and then few months later he was begging Government to bailout GS. GS didn't receive bailout directly, but AIG was bailed out so that it could pay it's gambling debt to GS. So instead of losing his 5 billion, he made 3 billion in profits. And the world gets to suffer GS since it did not go bankrupt.

Goldman Sachs is just a tip of the iceberg...

>> No.15832029

Bubble economy

>> No.15832068

>>15831646
This is partially right
>>15829501
Everyone knows doctors have a shitton of money but they are too retarded for investing so they let other people do that for them.
Buffet asked a group of 10 doctors to manage their money. This was the beginning.
Moreover he was always a good cocksucker that knew how to get new contacts who can then tell their rich friends to give their money to buffet

Tldr: he sucked cock so his new friends can get him rich clients

>> No.15832102

>>15829501

Literally just HODL'd for 70 years lmao.

>> No.15832162

Imagine unironically seething at the successful rich people like some sort of Red Army faggot