$1000 becomes $1 million.
Yes you are late to this party.
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Time in the market beats timing the market. $81.5 billion of Warren Buffett’s $84.5 billion net worth came after his 65th birthday.
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Buffett might fess up it is not an either/or.
My 1700 sf childhood home was worth $10k in 1962. Munger was well off to start with if he was making $1000 single stock purchases in 1962. Not to say he wasn’t also a good investor……
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At the time he was in his late 30s, had studied math before WW2 and then after the war went to Harvard Law and graduated magna sum laude. In 1962 he was a successful real estate lawyer.
DB2
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Did the nanny filter block your attempt to spell magna c laude correctly?
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Yep. C_m is a no-no word, even in Latin.
DB2
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Not that it matters. My law school was not Harvard and my performance could best be described as,‘Magna Sine Laude’.
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Does that mean your academic performance went up and down like a sine wave?
DB2
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