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/biz/ - Business & Finance

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17814540 No.17814540 [Reply] [Original]

How did he do it?

https://www.youtube.com/watch?v=n5JWyPBM_U4

>> No.17814560

>>17814540
Bought high sold low duh

>> No.17814563

He worked his ass off trillion times more than you.

>> No.17814586

>>17814540
Easy. He was born relatively early and back then there wasn't so many companies to invest in. So no matter what you picked, you had a high chance of making it by simply holding your stock. I guarantee that almost 90% of this autistic board could have done the same if they were born 50 years early.

>> No.17814592

>>17814540
By having $20k in the 1950s

>> No.17814626
File: 59 KB, 1280x551, IMG_20200315_105724_095.jpg [View same] [iqdb] [saucenao] [google]
17814626

>>17814592

>> No.17814655

>>17814626
it was rigged from the start.

>> No.17814661

>>17814540
what happend in 66-72

>> No.17814665

>>17814540
So he was a bum til 30 which means he missed out on the good life anyways. Muh billions OK have fun with your golden diapers gramps.

>> No.17814681

>>17814586
>90% of a group could be in the 99.99999th percentile of wealth

>> No.17814686

The more money you have, the easier it is to make more money.

>> No.17814743

>>17814540
hard work and nothing else, he deserves all of it

>> No.17814867

compound interest

>> No.17814944

>>17814681
>100% of the ultra-rich are part of the group of the ultra-rich
wooooooooow

>> No.17814960

>>17814540
If you have thousands of people doing coinflips, one guy is probably gonna hit heads 10 times in a row

>> No.17814986

>>17814661
The power of compound interest.

>> No.17815024

He was the only mildly responsible boomer

>> No.17815121

>>17814540
Literally luck. Take a group of 5 mil boomers who have read the intelligent investor, draw a rough normal distribution, statistically there will be 1 boomer at the very right side of the curve who turns $10 into $80bn. Thats Warren Buffett.

>> No.17815148

>>17814540

firmhandshakes

>> No.17815161

>>17814563
this is how boomers actually think that's whats scary

>> No.17815651

>>17814686
Isn't the tax system progressive?

>> No.17815664

>>17815651
Thats what accountants and tax havens are for.

you... you didn't think the system was fair, did you?

>> No.17815708

>>17815664
True, but percentage wise it's harder to make more money with more money.

>> No.17815860

>>17814540
Born at the right time in history, he can't lose now because if you buy shares in big companies that pay dividends you're going to be up in the long run

>> No.17815873

>>17814540
Zero interest rates

>> No.17816019

>>17814540
You can do it too if you hold CKB for 10 years

>> No.17816048

He had the equivalent of 50k when he was 14 thats how.

>> No.17816090

>>17814540
So you are telling me if I manage to make 1M by age 30 I'm on the same path as Warren Buffet? Wew lad

>> No.17816137

>>17816090
calculate that 1M in 1960's to todays worth then maybe yes

>> No.17816153

>>17815161
this is how zoomies actually think that's whats scary

He has billions and you shitpost on 4chan. mkay.

>> No.17816225

>>17814665
He was too busy slaying poon in his 20's

>> No.17816306

>>17815860
This.
He has some skill, but local skill only gets you so far.
There are reasons why there was no Chinese, Russian or Eastern European Warren Buffet.
After ww2 US corporations took over the world and he was right there investing in fundamentally sound us corporations.

>> No.17816336
File: 74 KB, 602x339, main-qimg-d7e4b95489816e112774fb54b99763a1.jpg [View same] [iqdb] [saucenao] [google]
17816336

WHO IS WARREN BUFFETT?

>> No.17816406

Power of compound interest paired with living through multiple bubbles and holding through them and investing into good companies.
This guy is basically like a lucky cyrpto hodler who got in 2009 and sold at the top and is then applauded as a genius.
Even an average Joe investor could pull off retarded amount of money by just pumping part of his yearly salary into big companies for 70 years.

Someone with a better brain could do the math of investing 10k a year along the dividends into Coca Cola since the early 80s.
Single investment of 10k into Coke in the 80s would be worth about 1 million today.
Now do that for 40 years and slap the dividends back in there too and you're looking at a really high sum and only thing you did was buy and hold.

>> No.17816477

>>17816336
Based

>> No.17816482

>>17816048
>>17816048
>>17816048
>>17816048
>>17816048

>> No.17817501

>>17814867
>>17814867
>>17814867
>>17814867

>> No.17817552

>>17814560
Actually his main assets he owns from long time ago. He owns Coca Cola and many tabacco.

>> No.17817591

He was an active, yet conservative investor. He took care of his money and made a bunch of good trades to start off his life, on top of having money to use in the first place (not many teens have access to a net worth of $10k+). Compounding did the rest.

He's basically the best case scenario of a lifetime of investment that doesn't involve starting a business yourself.

>> No.17817706

>>17815708

Thats only when you work for money. Not when money works for you.

>> No.17817742

>>17816336
Truly based

>> No.17817747

>>17815708
It’s hard until you break through a ceiling and make stupid amounts of money, then you can afford accountants to hide money and take care of tax loopholes, look into how much tax big business pay

>> No.17817835

>>17814540
>59: 3.8B
>66: 17B

>> No.17817865

He actually looks into the damn companies he buys, instead of listening to retards on 4chan who think they know shit bc they can tell if a graph is going up or down.

>> No.17817891

Warren buffet unironically gives me hope about making it later in life.

>T. 25 year old tekkie just getting into investing

>> No.17817905

>>17817865
>being this triggered.

Not gonna make it.

>> No.17817918

>>17817891

I'm around your area and it's not very likely we get to $1M by age 30 like he did. But we can certainly be millionaires in our forties if we play our cards right.

>> No.17817979

>>17817865

this.

and of course buffet didnt invest all his money into magic meme coins to get rich quick

>> No.17818002
File: 38 KB, 600x480, 1583796407308.jpg [View same] [iqdb] [saucenao] [google]
17818002

>jus buy and hodl goy, it's impossible to beat the market!

>> No.17818067

>>17814540
>dies of Kung Flu

>> No.17818080

>>17814563
>worked

>> No.17818105

>>17814540
Looks like the corona death rate per age graph - byebye boomers

>> No.17818129

>>17814586
Most of the companies listed on Dow Jones back then arent even listed in them today.

>> No.17818130
File: 16 KB, 400x300, iuHIBCTWI4.jpg [View same] [iqdb] [saucenao] [google]
17818130

>>17814586
Exactly this.
He was investing in the stock market, at a time where most people were placing their money in bonds and savings accounts with their local bank due to insanely high interest rates.

>> No.17818187

he will die very soon tho, it must suck to be him

>> No.17818210

>>17814626
These inflation calcs don’t consider the purchasing power of gold. Buffet had $140k by 26yo in 1956 and with a inflation calc he would have today $1.3 million but when you factor Gold that purchasing power today is $7.5 million.

>> No.17818475

>>17816336
He's a guy richer than you that didnt need computer algorythims to hack the market.

>> No.17818799

>>17817706
Exactly.
It's astonishing why labor is taxed higher than capital gains.

>> No.17818821

>>17818799

You're surprised why that is? You're surprised when the media successfully convinces Americans that marginal income tax cuts are actually bad for them? We're pozzed mate. People are retards, they think a 30-40% tax on their work is "Just how it is."

>> No.17818902

>>17818821
Not surprised, just floored at the nature of it all when I'm reminded.

>the mainstream press
Yes but more broadly, the economic elite and political establishment in general.
Neoliberalism was a mistake.

>> No.17818996
File: 1.07 MB, 1440x832, 1574227609631.png [View same] [iqdb] [saucenao] [google]
17818996

>Buy blue chip stocks 70 years ago
>Have the FED and population boom pump your bags

>> No.17819461

>>17814540
He understood the Kelly Criterion and wealth compounding. He always uses Kelly bet and chooses high quality American companies. This strategy is infinitely scalable unlike many of the trading strategies devised by hedge funds and whatnot which have limited capacity.