> I think he says one thing to the crowd and does another thing in private. He doesn't do anything in private as Berkshire has so much money all their moves ar

> I think he says one thing to the crowd and does another thing in private. He doesn't do anything in private as Berkshire has so much money all their moves are public and well known. The advice is true but fits another era, read his autobiography. > People are searching among the crumbs now. Yeah, the cigarette butts. He had ~$10 million by age 30. Incidentally he amassed this as the the son of a congressman, had a rich auntie, and was in very good social standing in a small wealthy town (Omaha). And it was 1960. By 1960, Buffett operated seven investment partnerships. He asked one of his partners, a doctor, to find ten other doctors willing to invest $10,000 each in his partnership. Eventually, eleven agreed, and Buffett pooled their money with a mere $100 original investment of his own.