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12 Facts About Warren Buffett And Money


wealthymatters1.) 99 per cent of Buffett’s wealth was earned after his 50th birthday.

2.) Berkshire’s Book Value has beat the S&P 500 in 43 out of 44 years on a five year rolling average basis.

3.) Buffett’s net worth of $63.3 billion is greater than the combined GDPs of Ghana and Cambodia.

4.) Buffett is “ready“ to double his investment in renewable energy ,bringing the total to an amount that could build 46 Burj Al Arabs.

5.) In 2013, Buffett made on average $37 million per day.

6.) Buffett has so far donated enough money in his life time to build 4 Apple ‘Spaceship’ Campuses.

7.) If you invested $1,000 in Berkshire Hathaway in 1970, you’d have $4.86 m today. Read more of this post

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The Superinvestors of Graham-and-Doddsville


wealthymattersThe Superinvestors of Graham-and-Doddsville is a seminal essay by Warren Buffett.

Buffett begins this essay by imagining a nationwide coin-flipping contest. Everyone in the US participates and calls the flip of a coin. Call correctly and move on to the next round, guess wrong and you’re out.After 20 days, about 215 lucky flippers will have correctly called 20 consecutive flips. They gloat about their success, yet the nature of coin-flipping tells us they’re just lucky. It’s a game of random chance.

But what if all 215 flippers lived in the same town? What if they all hailed from the same school? The same fraternity? Then we’d get excited. The laws of probability suggest 215 winners after 20 days. But those same laws tell us that if all 215 belonged to an associated group, that almost certainly wouldn’t be the product of random chance. These 215 flippers clearly would know something we don’t.

The real flippers in Buffett speech are nine “superinvestors” — himself included. All nine crushed the market averages over multiyear periods by between 8% and 22% per year.In a world with millions of investors, such returns can occur by sheer luck — just like the 215 coin-flippers appeared at first glance. But all nine superinvestors hailed from the investment school of Benjamin Graham and David Dodd — Columbia professors now known as the fathers of value investing. That meant something big. It meant that their success wasn’t the product of luck. It almost had to be attributable to the only common link they shared: the investing philosophy learned from Graham and Dodd. The “intellectual origin,” as Buffett put it. Read more of this post

Secret Millionaires Club


wealthymattersNothing like cartoons to painlessly learn some profound lessons and wise-up.Here are some for you to watch with your children.Your bound to learn some interesting things about business and investing.

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Bill Gates’ Philanthropy In Perspective


wealthymatters

The One Percent


wealthymatters.com

As I was favourably impressed by Jamie Johnson’s ‘Born Rich’ I decided to catch this documentary too.I didn’t find this one so compelling.The only response I can make is recall the old adage ‘If you’re not Liberal when you’re 25, you have no heart. If you’re not Conservative when you’re 35, you have no brain.’

In my opinion the best part is when Adnan Khashoggi opines “There is no equality in life. Forget about it. We are what we are. We are created layers over each other. This is it.”

Also the concluding part with his parents is worth watching,especially when his mother reminds him that she was not born rich and at one time might have thought differently.She goes on to say how her current behaviour is influenced by her concerns for his dad.His dad suggests how it might not be possible to change the whole world and it might be enough to influence a few lives. Read more of this post

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