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Warren Buffett On The Snowball Effect: Rare Caltech Interview From 1997

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Rupert Hargreaves
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Warren Buffett is the world's fourth-richest person with a net wealth of nearly $90 billion, according to the Bloomberg Billionaires index.

Buffett didn't accumulate this wealth overnight. He's been saving and investing since he was 14. The investor started with almost nothing, but he had accumulated a net worth of $1 million by his thirtieth birthday.

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Over the next ten years, the young investor saw his net worth grow to around $30 million, and by the age of 52, Buffett was worth $376 million.

connection lost 3498366 1280

The snowball effect

Buffett's wealth creation...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha