Only the patient makes $6,000 into $64 billion. Not the faint hearted.
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Only the patient makes $6,000 into $64 billion. Not the faint hearted.
Ha!Ha! something for encouragement...
From $6,000 to $67 billion: Warren Buffett’s wealth through the ages
So, what were you doing as a young teenager?
His story is well told. Warren Buffett became a player in the investment game at the wee age of 11, eventually using cash he earned from his paper route to buy some farmland in his home state. As a high school sophomore, he also reaped the rewards of a booming pinball machine business.
By the time Buffett was 15, he already had a net worth of about $6,000.
According to the latest Forbes count, the so-called Oracle of Omaha is now tipping the wealth scales at $67 billion. That’s good enough to put him at number three on the richest list, behind Bill Gates and Carlos Slim. Read: These are Warren Buffett’s 10 biggest deals.
The Dadaviz blog put together the chart below with help from Dividend.com to show Buffett’s journey from prodigious teen to the octogenarian behind Berkshire Hathaway BRK.A, -0.32%
Some notable Buffett milestones include his net worth topping the $1-million mark at around 30 years old and then taking out the $1-billion hurdle at 56 years old. The stretch from 59 years old to now hasn’t exactly been unkind, either. And he doesn’t appear to be slowing down much. Read: Berkshire Hathaway to buy Precision Castparts for $32 billion, its biggest takeover ever.
Check it out and be inspired! Or overcome with feelings of inadequacy...
I sense this is going to be another HNZ. Everything looking rosy now, things may get a bit ahead of themselves and the share price will drop a bit. Then there'll probably be a fruit fly discovered in Hawkes Bay that will cause mass panic here, even though only 6% of orchards are affected.
Yet all the time SCL are improving the business.
The new coolstore at Auckland is a case in point.
More premium apples coming through each year.
I think we will see them getting both organic growth,and growth by acquisitions.
Horticulture does carry risks.There will always be good seasons and poor seasons.
I did note they stated at the agm ,the drought in Hawks Bay did not affect them as they had installed irrigation, and they had had a great season.
Not a quick question but in a choice between investing as a long term hold between SCL and GNE which would you choose and why? genuine thoughts appreciated.
You talked somewhere about retirees enjoying their dividends.
So if you were 90 and living in care, you would most probably buy GNE, whose yield is 8.3% against SCL's 5.03%.
There is little or no prospects of eps growth with GNE.
There is every likelihood of SCL's achieving good eps growth for the foreseeable future.
So if you are looking 5 to 10 years ahead, SCL's eps growth will give them the capacity to increase dividends,which will drive the share price.Best of both worlds.
A small point to remember is GNE, with the Government as major shareholder is unlikely to see corporate activity,while SCL could.
Long term personally I think less risk in GNE , sure new technology is becoming available but probably take quite a while for it to make an impact . Also as demand is going down , notice how they are mothballing generating plants ..... not like Fonterra just processing more and more milk into low markup product .......
Scales could well be a better performer $$$ wise , however you are carrying more risk for this , think Weather, Disease , competition from other markets ........ Bottom line is when people get cold/ need light they turn on a switch . Plenty of substitutes for Apples , including imports :)
DISC : Hold both .