Warren Buffett bought $114.75 worth of stock at age 11 – here's how much he says it'd be worth now. via CNBCMakeIt
was a natural gas company founded in 1910, but no longer exists. Buffett calculated what his $114.75 would be worth today had he invested the money in a no-fee S&P 500 index fund with all of its dividends reinvested instead.
"That is a gain of 5,288 for one. Meanwhile, a $1 million investment by a tax-free institution of that time — say, a pension fund or college endowment — would have grown to about $5.3 billion," Buffett added.Had a pre-teen Buffett been frightened off by impending government debt , and instead opted to invest his $114.75 in gold in 1942, it would be worth drastically less today.
The point of the calculations were to demonstrate the long-term growth of the American economy. All companies which have grown in the United States owe some of their success to being part of a growing economy, he argues. So, too, with Berkshire Hathaway.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Billionaire Warren Buffett: This is the 'one easy way' to increase your worth by 'at least' 50 percentThis is the 'one easy way' to increase your worth by 50%, says billionaire Warren Buffett.
Lire la suite »
Warren Buffett reportedly says Berkshire Hathaway could buy back $100 billion stockWarren Buffett said Berkshire Hathaway could repurchase as much as $100 billion of its stock, the Financial Times said on Thursday without providing a time frame.
Lire la suite »
Warren Buffett says Berkshire could buy back $100 billion stock: FTWarren Buffett said his conglomerate Berkshire Hathaway Inc could repurchase as ...
Lire la suite »
Warren Buffett says Berkshire could buy back $100 billion of its stock over timeWarren Buffett’s Berkshire Hathaway Inc. bought back about $1.3 billion of its own stock last year, but the billionaire says that figure could wind up...
Lire la suite »
A 36-year-old who learned to invest like Warren Buffett explains Buffett's No. 1 ruleA 36-year-old who learned to invest like Warren Buffett explains his No. 1 rule. via CNBCMakeIt
Lire la suite »
7 quirky ways the super rich save moneyWarren Buffett never spends more than $3.17 on breakfast.
Lire la suite »
20 Business Magnates Share The Wisdom They Learned From Their FathersWarren Buffett: 'My first hero was my dad'
Lire la suite »
Warren Buffett: This is how to be successfulBerkshire Hathaway billionaire Warren Buffett's advice on achieving success in business has nothing to do money or stock portfolios.
Lire la suite »
Warren Buffett identifies the 'best way' to address income inequalityBillionaire Buffett proposes fix for income inequality
Lire la suite »
Warren Buffett isn't sure Berkshire Hathaway can beat the S&P 500In an interview with The Financial Times, Warren Buffett said Berkshire Hathaway was unlikely to outperform the S&P 500 by a wide margin.
Lire la suite »
Warren Buffett: This is the best way to put cash in the pockets of people who need itWarren Buffett: This is the best way to put cash in the pockets of people who need it via CNBCMakeIt
Lire la suite »