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Sure, today. But he had greater returns before he set up the float. (He's said they were greater because it's easier to find small overlooked bargains than big
by hyperpallium 8y ago
Sure, today. But he had greater returns before he set up the float. (He's said they were greater because it's easier to find small overlooked bargains than big overlooked bargains - and when you're BH size, only huge investments will move the needle).
He made clever investments like buying American Express when others sold. (Other investors believed they'd lost trust due to fraud involving salad oil; but Warren verified that consumers still trusted their CCs).
He had a head-start: although he protrays himself as folksy, his father was a US Representative.