After reading Warren Buffets autobiography I notice that over the course of his life, since the second world war, business opportunities fell and continued to fall in the United States all the way into the 1970's. There was really no money to be made by anyone. Strangely so. There was the crash in 1975 with the oil crisis. The mid 1970's represented the peak of the middle class wealth explosion with rising inflation that took the west into high interest rates finally in the 1980's and finished the 80's of with a stock exchange collapse in 1987. All the while Warren Buffet focused on making his wealth inside the United States. The bulk of his cash and wealth growth advantage occurred directly after WW2 till about the mid sixties riding on the back of the post war rebuilding programs. His prudent and conservative manner mixed with an aspurgist or autistic peculiar intelligence for numbers and allergy to people, won him respect early in his life with critical New York Jewish stockbrokers. His trust worthy consistent nature, allergic to risk, found respect in an otherwise closed society as a mild christian. His wealth grew slowly and consistently into the 1990's and the Great Crash of 2008 based on his size and momentum with little debt.
In 2009 indirectly through his Goodfellows Foundation, my Emirau Project was involved with his people in the Trading world. The rules were entities such as Goodfellows could participate five times only and there was a special case created for Warren's Goodfellows Foundation to be involved one more time, a sixth time, in a trade where my project was listed.
Warren Buffets organizational chart |
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