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Posted

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

Posted (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 by Munger_Disciple
Posted
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!

Posted
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!

Posted

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. 

Posted
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. 

Posted
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!

  • 1 month later...
Posted (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 by bargainman
Posted
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

  

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