from Trung Phan | by Trung Phan

Trung Phan

@TrungTPhan

about 5 years ago

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In 1958, Warren Buffett spent $31,500 to buy a modest home (where he still lives). If he slept in the street and put all that money into Berkshire Hathaway — when he fully took it over in 1964 — it would now be worth $882,000,000. Lesson: Don’t buy real estate. t.co/shsA9Rp4AF

Could someone good at math tell me what a 2,810,526% gain on $31,500 actually is? t.co/zJWYdtXZIA

Follow @TrungTPhan for other big brain insights t.co/1xnVhFwokq

Ok, this Buffett tweet is taking off. Some people think it’s investing advice. I literally do a podcast called “Not Investment Advice”...so pls don’t sleep on the streets (unless you can compound 20% for 50yrs straight...still not advice, though) t.co/4CfT3Y2p4v

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