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LordFaquaad t1_j3rn5y9 wrote

Reply to comment by Elbynerual in [OC] Mr. Buffett - The Older The Wealthier by LeverageShares

Do you mean he had investing partners?

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Elbynerual t1_j3rnwo3 wrote

I believe it was his father iirc

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LordFaquaad t1_j3rpkdc wrote

Could you point to the source please, I've not heard this. I know his dad was a congressman but he passed away when buffett was 33. Far before he was a large investor

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Elbynerual t1_j3ru0o5 wrote

His initial money came from when he was a teenager i believe. Someone else responded to one of my comments and said it was when he was 14. He didn't start from nothing. He started with over 80,000 dollars in today's equivalent

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LordFaquaad t1_j3s0wgj wrote

80k isn't really alot of money in investing. It's the equivalent of a drop in the ocean. Also he did work during his teen years doing paper routes and other odd jobs. Compared to buffet, bozos, gates etc. Were given far more

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Elbynerual t1_j3s1lqk wrote

If you game me 80k right now I'd never have to work again, and if I lived as long as him I'm certain I could be a billionaire

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LordFaquaad t1_j3sebho wrote

80k would last you 3 years max and that's if you live frugally. If you think growing 80k into billions is easy, please go to r/wsb and let me know how that goes.

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jrm19941994 t1_j3tk1nd wrote

Lol if thats actually true you must be a hell of a trader, I would consider getting in touch with a prop firm

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Elbynerual t1_j3tkwfn wrote

I didn't say anything about trading

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jrm19941994 t1_j3tssxn wrote

Then please explain what investment will allow you to retire on $80k of capital

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