Couldn't tell you exact dollar amounts, but 10k in 1950 was equivalent to 100k today. That's enough to show 10-20% annual gains and establish credibility. He f

Couldn't tell you exact dollar amounts, but 10k in 1950 was equivalent to 100k today. That's enough to show 10-20% annual gains and establish credibility. He fairly quickly started investing other people's money once he showed promise (one of the reasons there are supposedly several millionaire farmers in Nebraska), but his father's connections likely helped. Source: I've been following Munger & Buffett for years.