As a manager of stock market portfolios for people, I constantly hear people wanting to invest like Warren Buffett and my response is always the same: Can you afford to? Obviously most (as in 99.9999%) cannot. I try to put into people's heads that WB can afford to lose millions (if not more) and has done so many times. Furthermore, he literally can't invest in certain companies because of his net worth; he's legally stuck with larger-cap blue-stock companies for the most part (depending on how much he invests or how much Berkshire invests). Even furthermore, most people don't understand that in order to invest as successfully as he does, it's not all about the companies he buys into. He always talks about compound interest dividend reinvestment, but like MJ points out (accurately) that tactic only works with extremely large sums of money and when/if it even does work, it takes decades of doing this to see anything resembling a significant return; certainly not fastlane in other words. I'm posting this just in case someone here was looking to get involved in stocks and want to be the next Warren Buffet or whathaveyou.
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