Here's the secret to becoming wealthy - Warren Buffett

At Berkshire Hathaway's 2018 annual shareholder's meeting, Warren Buffett revealed how anybody can become wealthy over time. Ignore the noise of Wall Street. Keep it simple.

[emilyjason]

I came here to Learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460, 000 in 4 months from $160k. Some how this video as help shield light on something’s. But I’m
Confused about the current market violatrilty I’m new and I’m open to ideas..

[ravindertalwar]

I feel highly obliged and humbled by the grace of God 🙏 and your magnanimity.

[Bulat_B]

Those $10K in 1942 is about $155K in 2018 (average inflation rate of the US 3.6-3.7% in 80 years). So the gain is not 5100 X (51mln to 10K), but rather 335 X (51mln to 155K), or even 126 X (if to compare to the gold return, as relatively safe instrument, 51mln to 400K).
And the real question comes to how an average citizen would know that America would do well during these 76 years (almost a whole century).
Was that 126-335X return justified by the risk component of investment decision.
And the second point is how many people invest for 76 years. Mostly, people are able invest for 35-40 years (from 20-30 to 60-70 until retirement). So, it brings us to 13-21X of return. Not bad, but definitely not that awesome.
Make your own decisions and use your money wisely)

[nono]

I wish Warren had been my grandfather. I'd be rich without him giving me one dime. Just calm wisdom is all we really need.

[mohamadghaforian]

Greetings from an old friend with a good thought a wise worker a specialist and an expert whit useful experience I'miss you
Ghfourian

[religionlol]

Despite the economic crisis it's still not a good time to listen to crypto bots.

[micromoney]

Warren Buffett is my teacher! It is so simple to retire comfortably in USA yet most people are not able to do so. Always save and invest steadily every month and let the compounding do it's magic!

[awadz]

Its funny to read comments peoples arguing about him, he do it right or wrong, crypto good/wrong, why not buying tech stock and everything bla bla bla.. Face the reality, he is billionaire and he is successful, what ever peoples said about him, his wisdom already proven in his wealth and where he is right know, why bother questioning? just listen and learn, take the wisdom not the process he make, not everybody is the same.. Peace

[chongqinghotpot]

I’d like to see his calculations how 10k becomes 51 m (5.1k times) while DJ grew from 100 to 30k(300 times).

[rosettejones]

Its not even 51 million because of taxes on growth and dividends

[MrDajiangyoude]

what about investing it into real estate?

[andrewfallon]

Gold is insurance.. you allocate a small percentage. Buffet didn’t mention that hardly anyone advocates a high allocation to gold.

[codizalkoosh]

What stock is giving 500k%? Because thats what 10k into 51m is...

[ihsancolak]

Whenever I see Charlie, he is eating non stop.

[routhdeepu]

But what I worry about is, I keep building that capital and I die without enjoying that possession

[harryfranzreb]

It must be nice to buy stocks for a penny

[ozlemelih]

Not many people can stay solvent when things turn south like he did

[modescaling]

desire little. that simple. you're wealthy "by default" but YOU choose to be poor by having desire after desire after desire...

[quartytypo]

Buy low sell high. That's it. Class dismissed. Your diplomas are in the mail.

[paultweedley]

What Mr Buffet forgot to say was that $10, 000 in 1942 was equivalent to ???? today, I'm guessing but around $4 million or in other words $10, 000 in 1942 would have bought you 4 luxury apartments in Manhattan. Can my clever American friends tell me more about what you could buy in America in 1942 for $10, 000 please?