Why Warren Buffett is $72 billion richer than you


Source: Fortune

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  1. tagyoureit commented on Mar 10

    I was going to say “because he has a lot of money.” ;)

    • Whammer commented on Mar 10

      He has $72 billion more than I do, even rounding to the nearest $100 million ;-)

  2. Sackerson2 commented on Mar 10

    Did you mention, starting with a load of money, at just the right time (a long time ago), and listening to Benjamin Graham – plus eventually using his accumulated capital advantage to screw down labour’s wages?

    Or is simply down to being a sage, and living in Omaha? Yes, surely that’s it.

    Fitzgerald: The rich are different than you and me. Hemingway: Yes, they have more money.

    Bow down and worship.

  3. patfla commented on Mar 10

    I read half of Alice Schroeder’s biography of Buffett and put it down because (my reason):

    He lives for nothing but the ceaseless accumulation of money.

  4. Crocodile Chuck commented on Mar 11

    I’ve been reading about this guy in Fortune Magazine for 30 years by his ‘fluffer’ Carol Loomis.

    Is there something peculiarly American about its [or, Time-Life’s, err, ‘Warner’s’ former business masthead’s] infatuation with businessmen as transcendent royalty? Exhibit ‘A’: this superannuated geezer who’s got a line for the rubes, whilst simultaneously ‘surfing the wave’ he decries, e.g. ‘Derivatives are weapons of mass destruction’.

    Are Americans this credulous?

  5. Livermore Shimervore commented on Mar 11

    What I want to know is where buffet falls on the narcissism test:
    http://psychcentral.com/quizzes/narcissistic.htm

    and if abnormally low narcissism is a feature of investors who consistently beat the S&P.
    Also, where millionaire hedge fund, PE and other active managers who consistently under-perform the S&P score on this test.

    The average person is in the 18 range. 30 means your in love with yourself. Doing the test the way I think Warrant Buffett would answer leads me to a 4 or 5.

  6. Low Budget Dave commented on Mar 11

    The chart makes it look like no one can agree what makes him successful. In reality, 1 though 6 (and also 9 and 11) are pretty much the same thing. If you compress those, there is a lot of cross-over.

  7. LeftCoastIndependent commented on Mar 11

    Compounding is a wonderful thing. But, it’s getting a lot harder these days.

  8. intlacct commented on Mar 11

    I believe AQR/Cliff Asness’ ‘Robo-Buffett’ simulated him well enough to surpass him.

  9. A commented on Mar 13

    The primary reason Mr. Buffett is one of the richest fellas, is that he is a willing student.

    A majority of the population is not. Mark Twain would have explained that to you in the late 1800’s.

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