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Elbynerual t1_iwwyohn wrote

Reply to comment by theverybigapple in [OC] Choose wisely - Warren buffet got paid $704 mln in dividends only while the CEO's total compensation was $24.6 mln by theverybigapple

Buffett started with gift money, much like musk or Trump.

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MarkVarga t1_iwx9ds4 wrote

It still took quite a lot of good decisions to get where he is now.

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Elbynerual t1_iwxfhu9 wrote

That's the other half of it. You can work hard and be in the right field and almost certainly be a CEO somewhere. In investing a stroke of bad luck can bankrupt you overnight.

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MarkVarga t1_iwxfoub wrote

Yeah. Roughly 70% of investment accounts are on the red. For every Warren Buffet and Charlie Munger, there are literally tens of millions of people who lost money trying to trade/invest.

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