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Subject:  Re: SWR and irrational exuberance Date:  2/7/2007  9:58 PM
Author:  cliff666 Number:  1316 of 120622

i read an unauthorized biography of Buffett ..... he wasn't just smart (based on the book), he worked REALLY hard and was a little bit lucky.

and 'smaller' is relative ...iirc, he started with several hundred K$ ... equivalent of maybe several mill now.

There once was a cartoon, I believe in the New Yorker. Two distingushed older gentlemen sitting in the exclusive New York men's club. The one is indicating a similarly DOG across the room and saying, "That's that young intercst fellow. Took a small inheritance of ten million and ran it into a fortune."

Or something like that.

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