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irishcoffee 6 hours ago

You ever see Good Will Hunting? The scene where he talks about where he can “just play” and then describes the most talented people in history at what they do. That’s Buffett in his chosen life’s work.

Buffett didn’t get, for example, a small loan of a million dollars to start. He’s been working at this longer than probably anyone what will ever read this comment has been alive.

He doesn’t care about the money in the sense I feel you’re implying.

Nobody is perfect, and holding anyone to that standard sets an impossible threshold.

I don’t know how familiar you are with Warren Buffett, but I would encourage you to dig into his Wikipedia page at least, however accurate we think that is these days.

PostOnce 4 hours ago | parent | next [-]

Yes he did start with a "small loan of a million dollars"!

Buffett started with 1.2 million dollars (105K in 1956) in investments from his family, i.e. his aunt, sister, and father in law.

It is very nearly impossible to get rich without starting with a huge chunk of money, Buffett is no exception.

WalterBright 19 minutes ago | parent | next [-]

Gates/Allen started Microsoft with $5000. Jobs started Apple by selling his VW bug.

irishcoffee 3 hours ago | parent | prev [-]

You should read his whole bio.

PostOnce 3 hours ago | parent [-]

Don't get me wrong, I like him, he's a quick wit, it's just not true that he started with nothing, he started with a lot.

6 hours ago | parent | prev | next [-]
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SecretDreams 5 hours ago | parent | prev [-]

Have you ever read Elon's wiki? Or any other individual rich enough to curate whatever views they choose?

Warren buffet did good and he came up with a winning strategy. Momentum was ultimately his friend and what drove his success. When ETFs are great today and their popularity largely because of Warren, I think a lot of what's increasingly becoming obviously wrong with the markets ties back to the original strategy behind ETFs.

There's no more self selection or focus on fundamentals. All pensions are now exposed and regular contributors to the markets, so winner and losing picking doesn't really exist in the same way and performance is no longer tied to reality. I dread what that means as populations stagnant since it puts some risk on future pensions and their somewhat ponzi-esque structure.

All the pessimistic rants aside - it's insane to refer me to a billionaire's wiki as an attempt to get to know them. I largely look at people based on how they might treat family, friends, strangers, etc. In that regard, I'm mixed.

jacquesm 4 hours ago | parent [-]

Elon and Buffet are polar opposites.

WalterBright 16 minutes ago | parent [-]

Musk at one point was one explosion away from bankruptcy.