Nearly 94 percent of Warren Buffett's wealth was earned after he turned 60! - Although Buffett was extremely successful before the age of 60 -- his net worth was a noted **$376 million** when he was 52 years old -- 99 percent of his wealth came after he turned 50. The perfect example of the powerful snowball effect over time.
As time progresses, the exponential growth becomes more evident. The initial growth may seem slow, but as the investment horizon extends, the effect gathers momentum, significantly accelerating the growth of the investment.
However, it's worth mentioning that Buffett's first $1,000,000 in 1960 is equivalent in purchasing power to about **$10,000,000 today**. So from today's purchasing power perspective, he actually became a millionaire in his twenties.
Here's the timeline:
Age 14: 5k
Age 15: 6k
Age 19: 10k
Age 21: 20k
Age 26: 140k
Age 30: 1m
Age 34: 3.4m
Age 43: 34m
Age 47: 67m
Age 52: 376m
Age 53: 620m
Age 56: 1.4b
Age 59: 3.8b
Age 66: 17b
Age 72: 36b
Age 83: 58.5b
Age 87: 70.5b
Age 92: 119.1b
Berkshire is hoarding so. much. cash.
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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