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In late 1970s he was worth $67M by 1982 it was $370M , $670M in 1983 and billonare in 1986 at age 56.[1] He bought control of Berkshire Hathaway in 1965 about
by manquer 5y ago
In late 1970s he was worth $67M by 1982 it was $370M , $670M in 1983 and billonare in 1986 at age 56.[1]
He bought control of Berkshire Hathaway in 1965 about 17 years prior to hiring Jain. His model and name were well known in the right circles by then.
In the investment world and cricles where he would be searching for talent in early 80s he had demigod status, making that kind of returns as pure investor without being a founder of tech company like Apple/MS was unheard of .
He was not as popular with general public , it wasn't as big a story for middle aged man making money by investing in boring stocks as compared to 20-30yr old tech rock stars with more colourful life like Jobs/Gates and type of products Apple /MS were building at that time. General public popularity came much later when he became the richest in the world
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[1] It is very very hard to 20x $50M by just investing in lower risk diversified assets. We don't fully grasp how rich billionaires are. Tom Scott video https://youtu.be/8YUWDrLazCg https://youtu.be/8YUWDrLazCg comes to mind
- danielmarkbruce 5y agoYup, and he got an amazing hire. But he wasn't looking for an investment hire, he was looking for an operating guy, and he wouldn't have had the same level of interest as he would now.