Warren Buffett vs the Blockchain Network: A Deep Reflection of a Transition Mindset

How Warren Buffet managed money in the past. How money should be managed in the future.

Photo by Pascal Bernardon on Unsplash

His skill is investing, but his secret is time.- Morgan Housel in The Psychology of Money: Timeless lessons on wealth, greed, and happiness.

Warren Buffett’s net worth is $84.5 billion. Yet, $84.2 billion was accumulated after his 50th birthday.

Don’t forget the first phrase His skill is investing, but his secret is time because if Buffett were an ordinary investor when he was 30 years old and had a net worth of $9.3 million, like most investors, he could have been enjoying life, his family, his friends, like a regular guy.

Imagine Buffett would spend some money on a boat, admirable propriety, traveling around the world, and in his 30s, he would end up with $25,000. Yet, imagine he would still keep his extraordinary annual investment return of 22% but stopped investing and retired at age 60.

His estimated net worth would be $11.9 million. 99% less net worth than it is today.