Most of that time was a bull market… never had to deal with the current financial landscape that’s built on a house of cards fake interest rate.
He’s 93. He hasn’t gotten by on luck alone for the 82 years he’s been investing (Yes, he bought his first stock at 11). His essential strategy and advice are solid.
Malek061@lemmy.world 9 months ago
Telodzrum@lemmy.world 9 months ago
Holy shit, have a dumber take. Seriously, try.
phillaholic@lemm.ee 9 months ago
OldWoodFrame@lemm.ee 9 months ago
That’s the thing with odds though. In any random chance distribution of 100 people, there will be 1 ranked higher than the other 99. We as a society ignore the 99 and focus on the 1 “genius” but statistically someone was going to be in that spot. If he wasn’t lucky he just wouldn’t be famous.
grayman@lemmy.world 9 months ago
So you think it’s most likely random chance that this guy that’s literally a 1 in a 100M for wealth got rich?
CoggyMcFee@lemmy.world 9 months ago
If something has a 1 in 100M chance of happening to someone, you’d expect that about 80 people in the world now have had that thing happen to them.
surewhynotlem@lemmy.world 9 months ago
Don’t mistake statistics for reality. Statistics describe reality, they don’t dictate it.
In this situation, there could be a 1:100M chance for any random investor to be this successful. Or there could be a 1:3 chance but you need to meet specific criteria, which he and only a few others have.
You can’t describe a situation with dice rolls unless you’re very sure what kind of dice you’re rolling.
Knock_Knock_Lemmy_In@lemmy.world 9 months ago
One guy has to be the world’s luckiest investor. It just so happens this guy is called Warren.