>In 1961, Buffett revealed that 35% of the partnership's assets were invested in the Sanborn Map Company. He explained that Sanborn stock sold for only $45 per share in 1958, but the company's investment portfolio was worth $65 per share. This meant that Sanborn's map business was being valued at "minus $20." Buffett eventually purchased 23% of the company's outstanding shares as an activist investor, obtaining a seat for himself on the Board of Directors, and allied with other dissatisfied shareholders to control 44% of the shares. To avoid a proxy fight, the Board offered to repurchase shares at fair value, paying with a portion of its investment portfolio. 77% of the outstanding shares were turned in.[41][42] Buffett had obtained a 50% return on investment in just two years.[43]
This is your reminder that all those genius investors you've read about were really just playing on tutorial mode
In 1961, Buffett revealed that 35% of the partnership's assets were invested in the Sanborn Map Company...
Boomers are better than millennials in every way
>long winded wikipedia article on his first trade
summation: he got lucky
>its just luck
Keep playing with meme coins kid
that's nothing I'm up 700% on link
How is this any different from Schiff's milennials neighbors?
>buy btc at sell at $10,000 for 200000%
>A GENIUS INVESTOR
Give up on the narrative fallacy and stop idolizing people. There are opportunities in life and the only thing that separates successful people from unsuccessful is that the successful exposes themselves to these opportunities so when one does explode they look like savants. It's only luck if you limit your exposure.
wait are you saying that market inefficiencies have disappeared?
well hot damn I guess one of the fundamental tyrannies of time and space was solved between 1961 and now or at least diminished to a point where your IQ is no longer competitive so awesome that's a win for humanity
*sip*
buffet is the quintessential boomer even if he's not really a boomer. boomers made massive gains in housing and pensions by simply existing during a time of unprecedented economic prosperity, dumbly and blindly throwing a comparatively small proportion of their income into something as mundane as a house or a retirement fund and then reaping massive returns. buffet did the same. he's not remarkable and the idea of "value investing" in today's world is fucking retarded.
While this is mostly true, one's exposure level strongly depends on even so far as one's very birth. A nigger will never be a rich investor no matter how much they try, for example, and no amount of 'just move to murrika' will give a mid-african the money to even book a plane ticket, let alone enough to be allowed to stay there even as a long-term tourist.
also more food for thought:
1940-1960: western economies remaining functional as the world was in post-ww2 ruins
1960-1980: second industrial revolution (computers) driving massive gains in productivity
1980-2000s: offshoring reducing labor costs and driving record corporate profits
we're past easy money. our next great savior will be automation but this is years and years away, despite what tech faggots will promise.
only poorfags and brainlets think that bitcoin investor got "lucky"
They did get lucky. In almost the entire world (i.e. virtually anything not the US) you can't actually get money out of bitcoin at all, with most countries not even being able to open an account at an exchange of any type at all. Then you'd additionally have to be lucky with the choice of coin exchange because virtually all of them were scams that stole everyone's bitcoins.
shitcoiners SHUT THE FUCK UP NO ONE CARES SHUT UP SHUT UP SHUT THE FUCK UP
Warren R*ddit
The early whales absolutely did. I didn't even hear about bitcoin until early 2017. At that point I didn't have any money or investing acumen. I mainly browsed /sp/ and /vg/ for years, so I never even saw any /g/ or Yas Forums threads about crypto to get me involved. The people who got in back before the bullrun of 2017 were the luckiest of all because they got in before it went mainstream.
>leave sanborn to me
All luck is life, but complaining about your shortcomings does nothing. It's best to accept it and learn to make the best of what you got, otherwise you got full robot.
>the idea of "value investing" in today's world is fucking retarded.
this is what annoys me about buffet....not his "value investing" thesis since its logical and should be the cornerstone if we lived in a rational whiteman economy.
he's annoying because he's still trying to larp on value investing even tho he himself simply bought all the companies closest to the money printer...he larps to his congregation that "i'm a simple boy who simply looks for value" when in reality what he practices is the furthest thing from 'value'. he's a clown world architect
He also started out with the equivalent of $80,000 at 14 years old
King nigger Arthur seens to be making a shit ton of money liquidating gamblers
>the idea of "value investing" in today's world is fucking retarded.
In what year did buying high quality companies cheap become a bad idea?
Have yall thought about getting a job and investing instead of just being jealous
In 2020 when it became clear the Federal reserve won't allow protracted dips anymore. We got ONE WEEK before the printers activated, and pumped the entire market. By all means current stock prices are unjustified, but we can't let even a full paycheck cycle pass before deciding to abort the dollar. It shows how little "value investing" works in the modern era.
The crash we had was literally a flash crash.
>hurr durr he you can't point out that rich guy was already rich
I have a job nigger. I don't have a job that pays 80k, and I damn sure didn't have a job paying 80k at 14.
When my boomer parents built a house the interest rates on housing loans were 8-10% if you had good credit rating.
Nowadays every Nigger gets a loan at >2% for a house.
10% on $1000 is nothing. 2% on 1m is a lot.
Homes were much cheaper relative to income due to more significant purchasing power
Is that a wo-man?
You mean, like a wo-buffett?
web? are the cheapest they have ever been compared to disposable income. Taxes are also at an all time low. Boomers got screwed so millennials can be lazy and get cheap houses
Over 50% of Berkshire is financials (aka Banks). This nigga will get rekted eventually, or most likely who ever inherits that timebomb
seethe more