r/WallStreetbetsELITE • u/FeatureAggravating75 • 3d ago

Discussion POV: Buffett sitting on $334.2 BILLION in cash

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—• “You can't argue with your grandfather.”

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u/ont-mortgage 3d ago

Bro - Warren is a legend.

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u/BigBoyYuyuh 3d ago

Yeah…but he still had one hell of a boost. How many billionaires came from absolutely nothing? Like poor or actual middle class. Not “dad drove a Rolls Royce” type family. Oprah? It’s a small amount that achieved that.

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u/SavvyTraveler10 3d ago

Very, very few. To my knowledge, the class of billionaires who started at $0 are reserved for entertainers or sports stars.

Jordan and Tiger come to mind. Jay Z is a $b.

Anyone else see this trend?

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u/BigChemDude 3d ago

Far too few people do

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u/sergio_mcginty 2d ago

A few web articles mention:

Oprah Winfrey Howard Schultz Ralph Lauren Larry Ellison Kenneth Langone David Murdock Alan Gerry Jean Paul DeJoria Harold Hamm J.K. Rowling Guy Laliberte Kenny Troutt Do Won Chang Stephen Bisciotti Shahid Khan George Soros Jan Koum Roman Abramovich Leonardo Del Vecchio Francois Pinault

Didn’t read the articles or vet the lists

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u/Elegant-Magician7322 11h ago

Jeff Bezos is not from a wealthy family, and started Amazon with a ~$200k loan from his Cuban refugee stepfather. Bezos is his stepfather’s last name, which Jeff legally changed to when he was a kid.

His stepfather got a 6% stake in Amazon, and is now also a billionaire.

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u/SavvyTraveler10 2h ago

Started his company with a $200k loan from his stepfather. Back in the 80’s?

Gtfoh with this “self made” bullshit. Go cuck somewhere else.

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u/Elegant-Magician7322 1h ago

Say what? Amazon started in 1994. In 80’s, Bezos was going to school.

Stop making shit up in your brain and look at facts.

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u/ont-mortgage 3d ago

I don’t give a fuck what boost he got. No one has Berkshire’s track record. I’m not about to discount or question that b/c he got some funds.

Starting off with cash =/= intellect or his level of financial understanding and pragmatism.

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u/BigBoyYuyuh 3d ago

I agree with you there.

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u/Mahadragon 2d ago

Bezos literally started Amazon from his apartment living room but ppl hate on him regardless.

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u/newProvider123 2d ago

Lol no he didn't. Bezos was from a wealthy family, and had a background working in what is still TODAY the an MBB firm.

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u/Romanomo 5h ago

True

Amazon was founded in the garage of Bezos' rented home in Bellevue.

But everyone forgets the second part

Bezos' parents invested almost $246,000 in the start-up.

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u/BigBoyYuyuh 2d ago

Yeah? So? All billionaires suck. I had a coworker ask me “What do you think about Bill Gates?” when I was saying how Elon sucks.

My answer? “I don’t think about him. Bill sucks too.”

On Bluesky I said Elon/billionaires suck. Someone asked what about Taylor Swift?

My answer? “DID I STUTTER!?”

“You’re just jealous!” Uhhh yeah. Everyone would love to be a billionaire lol. Envy is what keeps the economy going.

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u/ont-mortgage 1d ago

Blind hate is crazy.

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u/BigBoyYuyuh 1d ago

If you don’t hate billionaires, your brain is broken.

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u/ont-mortgage 1d ago

Lmao this is the saddest shit I’ve ever read.

I don’t even think about billionaires…wtf.

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u/BigBoyYuyuh 1d ago

Yet you downvote people that hate billionaires. Downvote means you’re cool with them. No prob. BLOCKED. Fuck billionaire defenders.

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u/Academic-Increase951 3d ago

It often takes a couple generations of hard work and skill/talent to get to a billion. Who cares. More people are born into wealth and do nothing that are born into wealth and 1000x that wealth.

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u/Inevitable-Bug771 2d ago

US goes off the gold standard, rates go from 20% to 0% over the course of his prime working years, rates stay at 0% for a decade.

Tired of ancient beings thinking their geniuses when they had the greatest boon in the history of humanity

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u/ont-mortgage 2d ago

Then why didn’t everyone do what Warren did?

Why doesn’t every company have the track record against S&P that Berkshire does??

We’re not talking absolute success, we’re talking his success relative to everyone else who could’ve did what he did.

Buffet clears. Now go butch about how sad your life is when you could’ve literally turned 10K into a million through BTC or the Covid recovery…

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u/Inevitable-Bug771 1d ago

How is my life sad? Let me know please. You're the one who took a variable rate mortgage at mega low rates, practice what you preach buddy.

My generalized statement still stands true, even if buffet is an outlier at the top.

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u/ont-mortgage 1d ago

Ok but why did you say anything to me about “ancient beings”…like I wasn’t talking about that and literally no one cares.