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/ReadWriteRun 3d ago

they say the first billion is the hardest

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u/imanAholebutimfunny 3d ago

i would have to say that it is way easier than the first mil because you are obviously on the right track if you are heading to make a bil

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u/Arucious 3d ago

you only need 1 million to get a million. You need 999 more after that to hit a billion. No, it is not easier lol

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u/mw102299 2d ago

I mean who needs to be a billionaire. If you have a million you definitely aren’t struggling unless you make stupid money decisions

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u/Arucious 2d ago

Completely depends. A million is not a lot of money to retire on. A million when you’re in your 30s is very good.

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u/mw102299 2d ago

There are people who retire who live on less than a Million. about 18% of the population are millionaires it just depends. Me personally even if I do have a million. Especially us youngins it’s going to be hard. Me personally when I reach retirement age I’m still gonna work a part time job, collect social security and use a little of my savings. Trust me I work in nursing most people I see stories start with I retired and then a bunch of stuff health wise happens because there is no motivation to leave the house.

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u/Academic-Increase951 2d ago

You're wrong, there's a reason why there's millions of billionaires but only hundreds of millionaires....

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u/Climactic9 2d ago

No way

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u/orbanpainter 1d ago

Hows that true ? No fckn way

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u/Academic-Increase951 1d ago

It's not true; I was being ssrcastic

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u/orbanpainter 1d ago

For sure. It sounded so funny though, i wanted to believe it.

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u/Dramatic-Work3717 2d ago

They both present their own challenges, startup vs growth

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u/BarfingOnMyFace 2d ago

Who is this “they”? Other billionaires?

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u/mrocky84 2d ago

Mine was anyway

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u/Inquisitive_idiot 2d ago

And that the first rate cut is the deepest 😓

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u/62andmuchwiser 2d ago

According to George Costanza it is.

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u/PossibleProgressor 4h ago

That's why we all are already working on the Second one.