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I think that's mostly true. You don't get to be a billionaire by sitting there. The person who just wants to live on interest stops at $5M of principal. Meanwhi

I think that's mostly true. You don't get to be a billionaire by sitting there. The person who just wants to live on interest stops at $5M of principal. Meanwhile, Buffett is still going. The one exception is someone who inherits a billion and doesn't feel the need to prove themselves.

taeric 4y ago
Ish. I didn't intend it as a "set all money in bank and live off interest." Rather, more like put 10% in a safe place where I know I will make 5% on it. Then, 30% in 10 gambles that may make bank again, kind of thing. Realistically, no individual is managing billions without literally having staff accountants. Such that they can and will be more sophisticated. My assertion is in that sophistication will be pockets of "safe" assets. And I am further pushing that there are benefits to smaller caps on those safe assets