All true, but compared to the 3% of Americans with a college degree at the time,... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		graeme on April 15, 2020 \| parent \| context \| favorite \| on: SoftBank expects $24B in losses from Vision Fund, ... All true, but compared to the 3% of Americans with a college degree at the time, I'd argue that Buffett was in the top 1% of wealth generation skills. It wasn't his family's business partnership by the way. He ran his own investment fund.

danans on April 15, 2020 [–]

So the takeaway is that his example is not generalizable to the 97% of others in his time who didn't share his privileges.

Nor is is generalizable to the equivalent of that 97% in recent generations, despite their being more likely to have college degrees.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact