Buffett's Path to Immortality.
Many people know Buffett because he bought 10% of BYD shares at 6 yuan and has held them ever since. Now, BYD has exceeded 345 yuan, and just this investment has helped Buffett earn nearly 60 times his initial investment.
However, this is basically insignificant in Buffett's 60-year investment career. His true achievement is the continuous creation of a 55,000-fold investment return over the past 60 years. Remember! This super return has been uninterrupted for 60 years, and what's impressive is his ability to avoid stock market crashes. He said the recent U.S. stock market crash is nothing compared to what he has experienced; he has avoided at least five epic stock market crashes. He has gone through bloodbaths a thousand times worse than what we see now.
Buffett is 94 years old this year; how long do you think he can continue to thrive?
