"99% luck and 1% talent" essentially means Buffet's success is down to luck. There are many many people who were born as privileged as Buffet was, who got as m

"99% luck and 1% talent" essentially means Buffet's success is down to luck. There are many many people who were born as privileged as Buffet was, who got as many doors opened as he did, but there is only one Buffet. He may be extremely lucky, or he is a genius. It's impossibly hard to quantify the reasons. > Basically, if Buffet's father was anything other than a US Rep and businessman, he never would've stood a chance. He would be working 40 hour weeks making someone else rich like the rest of us. Mark Cuban was a counter example. Or Oprah Wilfrey. They stood a chance despite not having rich parents.