2 ms·
All true, but compared to the 3% of Americans with a college degree at the time, I'd argue that Buffett was in the top 1% of wealth generation skills. It wasn'
by graeme 7y ago
All true, but compared to the 3% of Americans with a college degree at the time, I'd argue that Buffett was in the top 1% of wealth generation skills.
It wasn't his family's business partnership by the way. He ran his own investment fund.
- danans 7y agoSo the takeaway is that his example is not generalizable to the 97% of others in his time who didn't share his privileges. Nor is is generalizable to the equivalent of that 97% in recent generations, despite their being more likely to have college degrees.