Buffett says he won the genetic lottery. Being born in the USA, in the 1930s, as a man, & wired for

Buffett says he won the genetic lottery. Being born in the USA, in the 1930s, as a man, & wired for asset allocation.

Any other time period before and his skill would be of little use. He came up as soon as the stock market became more available & popular.

#money #investing #stocks #stockmarket

economicarchive

2024-04-13 17:23:18

you got this money

not because i'm a superior human being

not because

i've done more for society than other people

i was wired the right way

to be dropped into the united states

at this particular time i mean it's a huge capitalistic society and i'm wired

no credit to me but born that way

so that i'm better at asset allocation than other people to some degree

just like other people are better at all kinds of other things and

i was with two teachers out of some valley that are doing more for society than i am

and they don't this market system does nothing for them

market system does all kinds of things for me

gate says if i've been born five thousand years ago you know i'd have been some animals watch you know because i can't run very fast

and climb trees i mean you know what those data and i could i can tell

animals chasing me and i'll wait and see how i could allocate assets you know

that would have made a difference so here i am

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