Here's why Warren Buffett says that he and Charlie Munger are successful. via CNBCMakeIt
. Buffett and Munger got to where they are today in part thanks to hard work and dedication to their craft. But Buffett also acknowledges that they also got a major head start because they, as he puts it, won the "ovarian lottery.", Buffett explained the concept of the "ovarian lottery" at Berkshire Hathaway's Annual Shareholders Meeting in 1997 to mean that many of the advantages you get in life, such as your nationality or your health, are determined by chance.
"You're going to get one ball drawn out of a barrel that probably contains 5.7 billion balls now, and that's you," Buffett says. In many way, Buffett says, he and Munger won the real-life version of the ovarian lottery and that helped launch them into their immense success. "I mean, Charlie — when we were born the odds were over 30-to-1 against being born in the United States, you know? Just winning that portion of the lottery, enormous plus," he says.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
The 'Warren Buffett of India' says his country's economy will 'come back with a bang'Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout of important reforms over the last five years.
Baca lebih lajut »
Forget Warren Buffett: This fund manager has walloped the stock market over the past decadeThe time you spend relearning all the old Buffett lessons is time you are not learning from other great investors. Like this fund manager -- who has walloped the stock market over the past decade.
Baca lebih lajut »
Opinion | What if Green Energy Isn’t the Future?Opinion: There’s a reason Warren Buffett decided to bet $10 billion on the future of oil and natural gas
Baca lebih lajut »
Here Are Warren Buffett's Most Inspirational QuotesWarren Buffett is the Oracle of Omaha. Here are his 10 greatest quotes.
Baca lebih lajut »
Elizabeth Warren and Alexandria Ocasio-Cortez target Treasury Secretary Steven Mnuchin over Sears bankruptcyIn a four-page letter sent Thursday morning, Warren and Ocasio-Cortez asked Mnuchin a series of questions about his advisory role in former Sears CEO Eddie Lampert's decisions.
Baca lebih lajut »
Warren, Ocasio-Cortez press Mnuchin for answers on Sears bankruptcySen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez today called on Treasury Secretary Steven Mnuchin to disclose more information about his role in the demise of Sears
Baca lebih lajut »
After joking tweet, comedian gets love life advice from Democratic candidate WarrenA comedian who asked for help with her love life on Twitter said she was left &q...
Baca lebih lajut »
Elizabeth Warren demands additional information from Trump admin on child migrant deathsSen. Elizabeth Warren is demanding an explanation for the recent deaths of five migrant children, writing in a letter Wednesday that the Trump administration owes the public 'a full accounting.'
Baca lebih lajut »
Opinion | To make her wealth tax work, Elizabeth Warren must revive the IRSThe Democratic presidential candidate's idea is something we should do anyway.
Baca lebih lajut »
Elizabeth Warren and Alexandria Ocasio-Cortez team up for 'Game of Thrones' analysisCount Rep. Alexandria Ocasio-Cortez and Sen. Elizabeth Warren among the viewers disappointed by the 'Game of Thrones' series conclusion. The pair shared their thoughts on the series finale in a video posted on Twitter.
Baca lebih lajut »