Parsad Posted November 20, 2023 Posted November 20, 2023 Interestingly enough...all are engineers, engineering background/experience other than Buffett, Bezos & Ballmer. And you could say Buffett's mind works like many engineers, as does Bezos, and Ballmer was surrounded by genius engineers. Even Bernard Arnault was an engineer. Cheers! https://www.investopedia.com/articles/investing/012715/5-richest-people-world.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral
Munger_Disciple Posted November 20, 2023 Posted November 20, 2023 (edited) 28 minutes ago, Parsad said: Interestingly enough...all are engineers, engineering background/experience other than Buffett, Bezos & Ballmer. And you could say Buffett's mind works like many engineers, as does Bezos, and Ballmer was surrounded by genius engineers. Even Bernard Arnault was an engineer. Cheers! https://www.investopedia.com/articles/investing/012715/5-richest-people-world.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral What are you talking about? Bezos is an engineer. He has dual degrees in Electrical Engineering & Computer Science from Princeton. People have no clue how hard that is! Just getting a BS in one of the two disciplines is damn hard; getting dual degrees in both is almost unheard of. And he graduated with a 4.3 GPA! He is off the charts smart. Edited November 20, 2023 by Munger_Disciple
Parsad Posted November 21, 2023 Author Posted November 21, 2023 3 hours ago, Munger_Disciple said: What are you talking about? Bezos is an engineer. He has dual degrees in Electrical Engineering & Computer Science from Princeton. People have no clue how hard that is! Just getting a BS in one of the two disciplines is damn hard; getting dual degrees in both is almost unheard of. And he graduated with a 4.3 GPA! He is off the charts smart. Sorry, I didn't know Bezos was an engineer previously. That makes perfect sense. Cheers!
Parsad Posted November 21, 2023 Author Posted November 21, 2023 3 hours ago, james22 said: Putin? House of Saud? I think the list is self-made people...dictators and nation states are probably excluded. Cheers!
Munger_Disciple Posted November 21, 2023 Posted November 21, 2023 1 hour ago, Parsad said: Sorry, I didn't know Bezos was an engineer previously. That makes perfect sense. Cheers! No worries, just having some fun. Cheers!
tede02 Posted November 21, 2023 Posted November 21, 2023 The other thing I always take away from the lists is the wealth was created by extreme concentration in a business (vs. gold, real estate, bonds, commodities, crypto, etc.). Great companies have produced the most wealth by a long-shot.
dwy000 Posted November 21, 2023 Posted November 21, 2023 12 hours ago, Parsad said: I think the list is self-made people...dictators and nation states are probably excluded. Cheers! While state based wealth is out, what is most interesting is that, probably for the first time, every one of them is self made and there isn't an oil baron or real estate person on the list. Usually the list is filled with family dynasty wealth or the kids of oil/real estate barons. When people freak out about wealth concentration I like to look at these lists and remember that dissipation happens pretty quickly and it is still possible to come from nothing and make a fortune.
Parsad Posted November 21, 2023 Author Posted November 21, 2023 2 hours ago, dwy000 said: While state based wealth is out, what is most interesting is that, probably for the first time, every one of them is self made and there isn't an oil baron or real estate person on the list. Usually the list is filled with family dynasty wealth or the kids of oil/real estate barons. When people freak out about wealth concentration I like to look at these lists and remember that dissipation happens pretty quickly and it is still possible to come from nothing and make a fortune. Very true! But still like only 0.00001% make it to such wealth. That being said, many can still do very well and have a good life. Cheers!
bargainman Posted January 13, 2024 Posted January 13, 2024 (edited) On 11/21/2023 at 7:18 AM, dwy000 said: While state based wealth is out, what is most interesting is that, probably for the first time, every one of them is self made and there isn't an oil baron or real estate person on the list. Usually the list is filled with family dynasty wealth or the kids of oil/real estate barons. Well you've probably seen one of those market or revenue visualizations ... it's pretty apparent why. Also with regards to "it is still possible to come from nothing and make a fortune. " yeah sure but you gotta be really lucky. everyone on that list probably has an IQ above 140. then on top of that you gotta have the willingness to want to work hard and make a difference... Edited January 13, 2024 by bargainman
bargainman Posted January 13, 2024 Posted January 13, 2024 On 11/20/2023 at 3:23 PM, Munger_Disciple said: What are you talking about? Bezos is an engineer. He has dual degrees in Electrical Engineering & Computer Science from Princeton. People have no clue how hard that is! Just getting a BS in one of the two disciplines is damn hard; getting dual degrees in both is almost unheard of. And he graduated with a 4.3 GPA! He is off the charts smart. yeah I can't find the original post, but here's an article describing it. https://www.businessinsider.com/jeff-bezos-presentation-2011-10 "People like Jeff are better regarded as hyper-intelligent aliens with a tangential interest in human affairs." LOL I would add "aliens with 500 million dollar yachts" lol
ValueArb Posted January 13, 2024 Posted January 13, 2024 If Buffett hadn’t given up his comp plan from the partnerships and given half to charity he’d have left them all in the dust. Probably $500B.
MungerWunger Posted January 13, 2024 Posted January 13, 2024 I think Bill G. owned ~ 50% of Microsoft when the company first IPO'ed
oscarazocar Posted January 13, 2024 Posted January 13, 2024 According to the 1986 prospectus, Gates owned 44.8% of MSFT after the offering. Paul Allen owned 24.9% and Ballmer owned 6.9%. Ballmer has sold a few chunks over time but has retained over 2/3rd of that original stake as per last report of his holdings in MSFT proxy in 2014. https://www.begintoinvest.com/wp-content/uploads/2018/03/Microsoft_prospectus.pdf
bargainman Posted January 14, 2024 Posted January 14, 2024 yeah apparently Gates would have 1.2 trillion had he held https://finance.yahoo.com/news/bill-gates-could-trillionaire-today-163852659.html
jks327 Posted January 14, 2024 Posted January 14, 2024 Buffett might be the only one who would also be on the list of 10 happiest people in the world!
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