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RE: Modern Economics: Survival Strategies by Business Magnate and Philanthropist Warren Buffett

in #money • 8 years ago

I would say both are right, and it takes a combination of discipline/education and luck. Neither will get you to such levels of wealth by itself.

I hear getting a small loan of one million dollars from your father also helps in the world of business. =)

8 years ago in #money by
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     8 years ago  

    Neither will get you to such levels of wealth by itself.

    up to a point it can. If you make a few million, the rest can come by itself.

    Also you forget that some people bet on football or horses and have a winning streak at the beginning. if you get that in stocks then you are pretty much said afterwards even if you are losing most of the time.

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     8 years ago  

    That is a really good point - a bit of luck in the beginning goes a loooong way.

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