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Warren Buffet was born wealthy and to a connected congressman who helped him get started on his adversarial takeovers.
by bmitc 4y ago
Warren Buffet was born wealthy and to a connected congressman who helped him get started on his adversarial takeovers.
- bdangubic 4y agohow he got wealthy is not relevant to how the wealth is grown. if you have $1,000/month to invest or your mum/dad gave you $1,000,000/month the principle of growing wealth is the same. and it is not diversifying nor is buying index funds
- bmitc 4y agoSo you're saying starting off with money, help overtaking profitable companies, and investing over the easiest window in history to make money is irrelevant to the claim of someone being the greatest investor that ever lived? And if you go by your principle argument, several others are far greater than Buffet, such as James Simons, who's strategy is diametrically opposed to Buffet's.