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Correct me if I'm wrong, but I don't think Buffett got all that much money from his family. Probably the best part of his upbringing was early exposure to stock
by graeme 7y ago
Correct me if I'm wrong, but I don't think Buffett got all that much money from his family. Probably the best part of his upbringing was early exposure to stocks at a time they were not popular, and having school expenses paid. Lucky, but not like he was handed $1 million, which seems to be what you're implying.
He made his early money repairing and selling pinball machines at a profit, and running a massive paper route operation. He started around age 11 or so.
- lotsofpulp 7y agoHe got something worth more than $1M. A father who was a US Representative who was smart enough to be operating his own investment firm, and who was probably able to guide him to the right schools and network of people to magnify odds of success. Knowing the right people is such a huge lever in the investment business, especially back in those days without computer trading and internet.