The Making of a BILLIONAIRE 📖
It is a curious irony that as more Americans acquired an interest in investing, Wall Street became more complex, more abstruse, more arcane, and more forbidding than ever. When Buffett was born, in the midst of the Depression, the few Americans who did have capital felt personally equipped to manage it. This they did by salting it away in blue chips and triple-A bonds.
The Depression cast a long shadow, but the postwar prosperity eclipsed it. Today, tens of millions have at least a small grubstake, but very few feel comfortable with handling it, and fewer still have the old habit of prudence. At best, they anxiously scan the financial pages, as though each day’s twitch in the data on housing or inflation might bring the long-awaited “answer.” At worst, they switch in and out of mutual funds with an impatience that would have shocked their grandparents.
In such a complex age, what was stunning about Buffett was his applicability. Most of what Buffett did was imitable by the average person (this is why the multitudes flocked to Omaha). Buffett’s genius was largely a genius of character—of patience, discipline, and rationality.
These were common enough virtues, but they were rare in the heat of financial passions, and indispensable to anyone who would test his mettle in the stock market. In this sense, Buffett’s character and career unfolded as a sort of public tutorial on investing and on American business.
- Buffett: The Making of an American Capitalist
$Berkshire Hathaway-B (BRK.B.US)$ $Blackrock (BLK.US)$ $JPMorgan (JPM.US)$ $Goldman Sachs (GS.US)$ $KKR & Co (KKR.US)$ $Blackstone (BX.US)$ $The Carlyle Group (CG.US)$
The Depression cast a long shadow, but the postwar prosperity eclipsed it. Today, tens of millions have at least a small grubstake, but very few feel comfortable with handling it, and fewer still have the old habit of prudence. At best, they anxiously scan the financial pages, as though each day’s twitch in the data on housing or inflation might bring the long-awaited “answer.” At worst, they switch in and out of mutual funds with an impatience that would have shocked their grandparents.
In such a complex age, what was stunning about Buffett was his applicability. Most of what Buffett did was imitable by the average person (this is why the multitudes flocked to Omaha). Buffett’s genius was largely a genius of character—of patience, discipline, and rationality.
These were common enough virtues, but they were rare in the heat of financial passions, and indispensable to anyone who would test his mettle in the stock market. In this sense, Buffett’s character and career unfolded as a sort of public tutorial on investing and on American business.
- Buffett: The Making of an American Capitalist
$Berkshire Hathaway-B (BRK.B.US)$ $Blackrock (BLK.US)$ $JPMorgan (JPM.US)$ $Goldman Sachs (GS.US)$ $KKR & Co (KKR.US)$ $Blackstone (BX.US)$ $The Carlyle Group (CG.US)$
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Coach Donnie OP : The biblical promise that YAH will compensate for the years the locusts have eaten is a powerful message of hope and restoration.
This promise is rooted in the Book of Yoel aka Joel, where GOD assures His people that despite the devastation they have experienced, He will bring renewal and abundance.
So the meaning of the restoration of the years must be the restoration of those fruits and of those harvests which the locusts consumed. You cannot have back your time.
But there is a strange and wonderful way in which YAH can give back to you the wasted blessings, the unripened fruits of years over which you mourned.
Coach Donnie OP : To those trading hours for dollars you’ll be free soon
Get ready to fire your boss and donate your job back to the economy
In order to do that, knowing the following helps:
Target Date *
Target Amount *
Target Net Worth *
• EARN More on the side (side hustles: eBay, Etsy, Lyft, Door Dash, Uber Eats)
• GIVE More (give at least 10% what you earn to God’s Children/those in need)
• KEEP Most of what you earn
• MULTIPLY what you keep by investing
Invest Daily Weekly and/or Monthly until you hit your Goals
• Example *
1. Target Date:
In 20 years @ age 50-55 I need
2. Target Amount - Passive Income:
$10,000 a month - $120,000 a year, Passively
3. Target Net Worth:
Take the 10k x 200 ( Rule of 200 ) I need $2 million minimum in order to take care of ALL my expenses, have fun, have funds leftover, give, enjoy FREEDOM, PASS ON THE PRINCIPLE TO THE NEXT GENERATION ($2 Million) & if I want to, make millions
Everything I do has to get me to $2 million ASAP because I know I can get a 6-8% return 120k a year min / 12 and I'll have $10k a month, passively
Then you pass on the $2 million to the Next Generation
Build Wealth and Live off the Interest without having to click in
The interest will be $10k a month minimum you’ll still have $2 million principle
WE DO THIS FOR FREEDOM KINGDOM LEGACY STEWARDSHIP LOVE FAMILY NOT JUST STOCKS STUFF OR MONEY
#Freedom
#CoachDonnie
#GenerationalWealth
#WeDoThisForFreedom
Coach Donnie OP : This Wealth Blueprint - or something similar - is working for a lot of people
50 - 30 - 20 split aka 50% 30% 20%
Example using $10,000:
5k goes to SPLG
3k goes to FTEC
2K goes to Magnificent 7 split equally (TSLA is optional)/and or individual stocks with an amazing 10+ year history such as NVDA MSFT AMZN AAPL GOOGL META etc
You can use that framework above also outlined in the first video I sent you and adjust the numbers for your specific needs
And/or develop your own Wealth Transfer Blueprint
Whatever you do be sure to pick ETFs that yield 7-10% a year on a 10 year average and or stocks that yield/bring 10-100% a year on a 10 year average
#CoachDonnie
Q: Coach Donnie, are there any Guarantees with Stocks ETFs or the market overall?
• A: Yes. Nothing is guaranteed.
For ANY and all aforementioned/heretofore Stocks, ETFs, side hustles or other Assets/asset classes mentioned
Remember the following:
DISCLAIMER
PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS.
I Share Because I Care. The aforementioned is for Informational Educational & Entertainment purposes ONLY, this is NOT investment advice.
You have to do what’s best for you and yours at the end of the day. There’s NO guarantees in Investing nor Asset Accumulation.
Reach out to your Financial Advisor, CPA and or CFP.
I am not a Financial Advisor, CFP nor CPA.