Why is warren buffett rich

Age Self-Made Score 8. Philanthropy Score 5. Residence Omaha, Nebraska. Citizenship United States. Marital Status Widowed, Remarried. Children 3.

Buffett was rejected from Harvard Business School; he got a master's in economics from Columbia University instead. Net worth over time. Rational people don't risk what they have and need for what they don't have and don't need. Warren Buffett. Skip Navigation. Jennifer Liu. VIDEO Source: GOBankingRates. Source: MarketWatch. Source: CNBC. Source: Reuters. Source: The Wall Street Journal. Source: Marketwatch. Source: The Motley Fool. Source: Inside Philanthropy.

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It often indicates a user profile. Log out. US Markets Loading H M S In the news. No one comes close to this record. Why the difference, if Simons is such a better investor? Because Simons did not find his investment stride until he was 50 years old. He's had less than half as many years to compound as Buffett.

I've heard many people say that the first time they saw a compound interest table or one of those stories about how much more you'd have for retirement if you began saving in your 20s versus your 30s changed their life.

But it probably didn't. What it likely did was surprise them, because the results intuitively didn't seem right.

Linear thinking is so much more intuitive than exponential thinking. If I ask you to calculate 8x8x8x8x8x8x8x8x8, your head will explode it's ,,