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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: cfimx who wrote (820)	12/28/1998 2:57:00 AM
From: Bob Martin	Read Replies (1) \| Respond to of 4691

> show me an attack jhg. I am asking fair questions. < Two answers for starters: 1 - He said he started with less money. You ASSUMED he meant from birth, refering to credit card debt. He meant, when Buffett put his investment partnership together, he had several thousand dollars to start with. Maybe Chuzz only started with $500 to invest. 2 - You ASSUMED that if he had Buffett's returns, he'd be super-rich (net worth wise). However, Buffett has NEVER (as far as I know) sold any BRK holdings. He has every share he started with. Perhaps Chuzz has spent more than a fair portion of his profits over the years, so the compounding effect would not be anywhere near as great. I'm not here to defend Chuzz, just to point out there are some pretty easy possible answers to the questions you raised. Bob