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Yes, I would still say the same thing today. In fact, we are still earning those types of returns on some of our smaller investments. The best decade was the 1950s; I was earning 50% plus returns with small amounts of capital. I could do the same thing today with smaller amounts. It would perhaps even be easier to make that much money in today's environment because information is easier to access.

I'm not questioning Buffett's character but this makes me go hmmmmm....

The Buffett Partnership started with $100,000 in a decent climate in the fifties...and his returns were 10%, 40%, 25%, 22%....in fact, he had one 50+% year in the thirteen years he ran his partnership.

I'm only mentioning this because for a second I was feeling guility about 18.7% CAGR.


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