How Warren Buffett Made His First $1,000,000
For my private stock portfolio & revealing insights into my investment strategy, head over to: / theswedishinvestor
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Looking for advice on how to accumulate your first $1,000,000? This video about how Warren Buffett, the world’s greatest investor, managed to go from ZERO to MILLIONAIRE at age 31. It will explain the events, characteristics and of course investments which helped him in achieving his early success.
Warren Buffett is a great source of wisdom, but to be honest, it is no longer that useful to study his stock market moves. Today, Buffett is managing hundreds of billions at his Berkshire Hathaway, and the difference between making money with such sums, and say, $1,000-$500,000, is like night and day. You play a totally different game than Buffett does today, and it is actually rigged in your favor. If you sit on a smaller fortune than a few billions, it is much more useful to study what Buffett did BEFORE he got rich. This video will cover just that - how Warren Buffett went from $0 in 1930 to $1,000,000 in 1961.
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My main tool for fundamental screening and analysis of stocks: app.tikr.com/register?ref=tsi
(If you sign up I earn a small commission)
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Warren Buffett’s 25 Most Important Investments Ever (RANKED): • Warren Buffett’s 25 Mo...
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The investment strategies that I mention in the video:
- Magic Formula (Joel Greenblatt): • THE LITTLE BOOK THAT B...
- Acquirer’s Multiple (Tobias Carlisle): • THE ACQUIRER’S MULTIPL...
- Net-Net Stocks (Benjamin Graham): • SECURITY ANALYSIS - TH...
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Timestamps:
00:00 Intro
01:53 Buffett the Grinder (1936-)
03:00 Buffett the Detective (1936-)
03:57 Buffett the Math Wiz (1936-)
04:34 Buffett the Bookworm (1936-)
05:59 Buffett’s First Investment (1942)
08:02 Buffett’s Motivation (1943)
09:09 Buffett the Newspaper Boy (1944-1947)
10:43 Buffett the Bodybuilder? (1944-1945)
11:23 Buffett the Farm(own)er (1945-1950)
12:15 Buffett the Entrepreneur (1946-)
14:04 Buffett’s High School Promise (1947)
14:22 Buffett and College (1947-1950)
16:25 Buffett the Intelligent Investor (1949-)
19:03 Buffett: The A+ Student (1950-1951)
22:15 Buffett the Insurance King (1951)
24:34 Buffett and Susie (1951-2004)
26:50 Buffett the Stockbroker (1951-1954)
27:59 Buffett & Public Speaking (1952-1958)
29:33 Buffett & His Dream Job (1954-1956)
30:16 Buffett’s First Partnerships (1956-1961)
33:31 Buffett and the Cigar Butts (1956-1972)
37:39 Buffett: Completely Focused (1956-)
38:36 Buffett and Charlie Munger (1959-)
39:48 Buffett: Becoming a Millionaire (1961)
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My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there - investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties - I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process - upgrading your money-making toolbox.
Warren Buffett’s 25 Most Important Investments Ever (RANKED): kzhead.info/sun/nbGuiMNln3dthok/bejne.html WARNING: There's been a lot of spam on the channel lately by KZhead accounts trying to impersonate me and recommending scam investment managers. They have the same name as me and use the same logo. The purpose of this channel is to help people learn how to handle their own finances and their own investments. You should know that I would NEVER recommend that you put up your money with any of these managers. If I decide to promote something on this channel, it sure won't be any expensive money managers or bitcoin/trading scammers. Also, the promotion will happen in the video itself, not in the comment section. I bet that most of you see through these fakes, but if you ever feel uncertain you can tell the difference between my account and that of a scammer's by observing the name of the commenter. If the name is highlighted, it is my own comment. If the name is not highlighted, BEWARE! I encourage you to report the impersonator so that no one else is tricked into wasting their hard-earned money with them. You can help your fellow investors out here, as KZhead removes fake-accounts quicker when multiple people report their suspicious activities. Thank you!
I personally don't look at the number, I will adjust my lifestyle to live rich no matter what the number is. Warren's lifestyle is such that he probably could live on $50K a year, so a million is still a lot of money.
I love the video, but when you do your "Buffet voice"...oh boy...honestly not my fave thing to hear. Sorry.
Man I love your videos Swedish Investor!
JAG ÄR FRÅN SVERIGE!
Bots are getting better, but dont worry this happens to many Finance channels. Just keep up with the awesome work!
i have started selling coke from door to door and i landed in jail
I'm done lol
😂😂
LMAO
Bahahaha 😂😂
lol, this ain't gonna work
Warren Buffet said you don't need a massive IQ to become successful in the stock market. That may be true, but everything about his early life implies that he was a profoundly gifted child.
i found 5 bucks on the street which increased my net worth 500% #winning
@@DROPTHETOP Good Luck :)
@@DROPTHETOP find something else to succeed in
so you had ~83cent before
@@leotestoy486 wait who?
Excellent. Now do that 10 more times and you will never have to work again.
after watching the video I just realized it was 40 minutes long. Great job on the preparation, presentation, and information in this video, you presented it incredibly well to the point where I thought the video was only 10 minutes long!
When you invest you're buying a day you don't have to work.
Buffet became a millionaire at age 31, which today would be like having nine million by 31.
@@avadavies2401 This is a scammer!!
Age 31 today would be age 36
@@dmitrygreen4002 in buffet years
I think you mean 31 million by 31.😏
I’m 31 🥲
The story is inspirational. But I can also really imagine the research , time and hard work it took to make this video. Awesome work. Liked & Subd :-)
Wouldn't be legally possible today to follow his exact steps.
Buffet is not a Christian. He said he would jump off a building and commit suicide if he did not have $1 million dollars by a certain age. What a meaningless life. Vanity, oh vanity. Now in his 90’s, death is at the doorstep. He will soon learn that Jesus is the only way to Heaven. Then he will have regrets.
My friend is also selling coke at nightclubs. He says it is very profetable but risky business. I hope one day he is new Warren Buffett.
Just an honest man doing business.
Mike I swear to God STFU about my business adventures.
Hellcat 😂
Oh man, it's crazy how much money club workers can earn from that shit. Don't even get me started on festival trap artists
@@asperbergers7136 😂
5:00 - being way easier to start a business is kind of a catch 22 cuz the lower the barriers to entry, the faster profits evaporate
Yep, that's very true which I why youtube is hard
And now in CA if you own a business the business has to pay a minimum annual tax of 7000 on top of its income tax.
Great job! Big applause for the work you put into doing this video. I appreciated every sec of it. Thanks and see you again.
Almost 100k that fast from pin ball machines and newspapers is crazy
Wow that's nice, thanks for replying, you can send a message to my administrator Joffrey A Smith on watsap to earn in crypto, Stocks and ETFs**
Great video. Very accurate and a pleasure to watch. Thanks for putting it together
I just came across your channel, starting to learn about investing, stocks etc.... thank you so much for everything you share and looking forward to watching your other videos!🙏
$2,542.07 today. Dude was earning 2500 per month doing a part time paper job. As a 16 year old. Yeah such a hard time to earn money those days. Boomers grew up in the easiest time ever.
maybe but why isn't everyone his generation as rich as him
@@tussalgull5986 Cause 99% of people are idiots.
@@tussalgull5986 alcoholism
because 99% of them are stupid
Cope
Most people should simply by an index fund and add to it each month. That is the advice Buffet gives his family.
How he became a millionaire by age 30: 1. Grinding 2. reading 3. starting businesses 4. delivering newspapers 5. going to business school 5. learning about value investing 6. working for his idol and role model 7. leveraging other people's money 8. being on the constant lookout for cheap companies (stonks) 9. staying focused
STONKS ONLY GO UP
10. Smoking crack
@@tubbycustard8866 Unless they go kerSTONK!
and being born into a wealthy family... with parents who were politicians...who later owned brokerage firms......and going to ivy league school and getting accepted (after the deadline and without an interview and with poor grades..sus af). Think you all are forgetting that he was born lucky too with the right family connections.
Amazing that you can learn these true facts about Buffet and still point to fortunate circumstances. Producing value is simply in his nature.
Thank you for taking the time to make this detailed video, really appreciated!
Very good presentation and video editing skills. I really enjoyed each and every minute of this video! Thank you!
Great video. But I always wonder - yes, you can try to emulate what young Warren did, but how much of that worked simply because it was mid-20th century? How much would no longer work here in 2020? Talking about stocks specifically, you're competing against AI and HFT - young Warren didn't have to do that. I agree that his personality traits are very helpful as an investor.
You're 100% right. Buffett has trailed the S&P 500 for nearly two decades now. And think about all the time and energy he has spent, just in order to underperform the index. Such a waste. (EDIT: Matthew Hook pointed out that this statement is not correct, Buffett has in fact beaten the index over two decades by a healthy margin. However, he has trailed it for the last ten. A lot depends on exactly where you choose the endpoints)
Wow that's nice, thanks for replying, you can send a message to my administrator Joffrey A Smith on watsap to earn in crypto, Stocks and ETFs**
+1....9....5....1....3....3....8....7....1...7....1**
That's why adapting and changing with the times is so important to be successful. You can't just try to emulate the past.
@@pratik7260 There's two aspects to it. One is the actual things he did - everybody knows you can't fix pinball machines nowadays. But the second aspect is his personality traits. This is where I wonder. Would someone with the same personality be successful today? Because success depends on others - how they react to you, how you collaborate, what they will and will not do for you, etc. I wasn't questioning his capabilities; I'm just saying, it makes you stop and think more deeply.
Nice story, thanks for creating this. Great graphics too that makes it easier to understand. Do you actually draw these yourself?
This channel is frankly amazing. Thank you so much for putting these videos together. I've watched a few now and all of them are so full of research and information that they will deserve rewarding.
I Think ít also the EQ cus he made a lot relationships that benefit him tho
There is so much content and people to learn from like Mr Buffett and still many people don't master the skills..
The creator of the video make extraordinary efforts in gathering the data and calculation. Cheers to the creator. Really appreciate the efforts I would like to know how you gathered the data
For m0re guide and supp0rt Whats✓App✓ me for tips! +.. 1.. .. .. ..6..**
@@scientificinvestor2326 this is a scam!
We need more videos! Thanks for your work.
Thanks for creating this so much valuable video. Even if one can't become buffet about reading him, but it is still worth watching 👍🏻
Love that voice change when quoting Buffett :) Amazingly done video, you just got a new sub. Keep up with great work.
why dont you upload anymore?
Great video with quality information. The amount of work to create it is insane.
3 videos in, and now I'm subscribed! Thank you for giving back my confidence and will to do the leg work and grind hard.
One of the best and most detailed videos on Warren I've ever seen. Great job.
These days young investors expect to become millionaires by buying some Bitcoins. Buffet put the leg work in and enjoyed doing it.
So many will win and many will also lose
Well, can't you also look at it like, "young investors are becoming millionaires by buying some Bitcoins without even leaving the comfort of their home, because that's how smart they are" ? And why are you assuming these young investors aren't enjoying it?
Haaa yes these god damn young people with their interweb and games 🤬
Actually investing in bitcoin is a very nice idea. I have some friends who made tons of profits from it
That's very correct
Hey man, just wanted to thank you for making these videos. I love those subjects but i read slow so i love your vids ahah 👊🏼
Your videos are Great knowledge resource... Keep rocking 🔥🔥🔥
The best advice ever! Thanks to these kind of efforts who somehow summarize what most books say, well deserved like and subscribe!
For the help line Reach me👆⬆️💯
Love your swedish accent (from a fellow swede) Keep up the good content!
I didnt realise i was starting a 40minutes youtube video. But i went throught it easily. Good one. Now i have to sleep its freaking late and im working early tomorow.
Found your channel a few days ago, and I'm in love with it. Love the way you present and explain. Keep dropping the gems man!
This is my favorite video on KZhead Thank you for everything.
Really good video, KING BUFFETT!!!
It's strange how 1 million back then is equal 8 million today. Buffett was aiming at the word millionaire and not so much at getting rich apparently :D.
@UDDIPAN MONDAL nice maths :D.
I really enjoyed this video; thank you Mr. The Swedish Investor👌😍 Bravo!
Thanks for making these great videos. Are somewhat of a godsend for people like me who really cannot keep reading with focus.
wonderfull insights thanks. as buffet said, young investors should focus on buying shares in undervalued companies, which buffet calls Generals.
@TED- Ed another scambag
only part of the story that i can relate is him being bad with girls.
I would love to see a video like this on Jack Bogle. What an incredible individual. He has done more for the investor than anyone ❤️
it was a really good video and i like thr focus of your channel , keep going because you re doing really well
2:28 imagine hearing only that from this video
Very interesting thankyou ✔
Can you please do a series of videos About 1 hr each, covering the history of berkshire hathaway decade by decade.And how it was grown.Thank you.
I love your channel dude its awesome 👌 But you mentioned about trading not being way to make money. But did you not release a video mentioning how you made money trading?
Wish I was born in 1910 and just invest and all my stocks go up all my life. The world will probably end before I get any money
The stock market would crash in late 1920s, the recover to its position in 30 years
Omg I'm reading that book. It is honestly the most amazing book EVER
Which one?
@@johnhein2539 the intelligent investor
Insane. One of the most valuable videos I’ve watched. Period.
Another great book that deserves a video: Stocks for the Long Run - Jeremy Siegel
Awesome content! Thank you so much!
Wow that's nice, thanks for replying, you can send a message to my administrator Joffrey A Smith on watsap to earn in crypto, Stocks and ETFs*
+1....9....5....1....3....3....8....7....1...7....1**
Your one of the greatest youtubers out there I really support what you're doing! Can i suggest a cover up on Your Brain and Your Life by Jason Zweig? It covers the neuroeconomics of stock investments and why some people are not mentally prepared for investing. I can't get a copy of the book because none ships in my local area. Thanks!
Great information and the most comprehensive outline of Buffett's life I have seen.
2:32 I thought you was talkin about the other coke 😭 but man, at 31? It ain't too hard, jus gotta make the right investments. Im takin notes on this, hopefully could put me in da right path, great vid bruv. N im gonna sub too 🔥💯
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I'm new to forex/Cryptocurrency and I find it difficult using these strategies well. Where can I find a legit broker? than will manage my account and also teach me how to trade.
Checkup Stella Logan. She's really one of the best and legit traders available right now.
I started my investment with Stella Logan last year with $2000, now I get a minimum of $6000 weekly. Most of my friend’s trade with her.
Wow it's nice to find people who also trades with Stella Logan. She's been managing my trade for months and I keep making profits every week. I made $7,130 last week.
I have seen different recommendations about Stella Logan trading services, they must be very exceptional for people to talk this good about them.
With the consistent weekly profits, I'm getting investing with Stella Logan there's no doubt she is the most reliable in the market. such a genius
Thanks for this. I was looking for some real information about Mr. Buffet investment and finally someone do it🙏 Thanks
Great video. Thank you.
His first million (adjusted for inflation) is now 6 million dollars.
No, around 8
@@CasualnRandom where did you get this information? enlighten me on this, I am looking to invest
@@Monuq if you want to invest, bitcoin is the best to go for 2021 having seen what bitcoin did last year
You can text on Whatasapp for detailed explanation s
+ 1 2 0 8 2 6 1 2 4 8 9
Remember when bitcoin was at 5000 dollars this year? I invested like $200, which is a lot for a broke college student. Now, 8 months or so later, i am sad because i cashed out when they were worth $10000. Feelsbadman
they are also 10k ahah, big investement
4 years ago i bought my 1st bitcoin for €600,- Then i bought some more til i had 3,5 bitcoin. But i invested more than i could afford, and i started living from the gains. I made 10k profit. It was and still is a lot of money for me. But now i feel stupid sometimes because i could have waited and could have made 100k. My life could have been extremely different.
ima buy bitcoin once it corrects itself from this shi lmfao.
Great video. Appreciate your hard work.
Great contents. Thanks for sharing.
Great stuff. I watch several youtube videos on how to trade in the stock market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands.
hi, no I haven't do you know any or can you point me in the right direction?
VIVIAN WONG BAKONYI search her on web, she is very popular
Man, this channel provides so much information in ways that make you think "ok, that is really true and doable, why not trying it in my situation?". Commenting for the algorithm ✅ Commenting for you to cheer up by my good comment on your work ✅ Liking for the algorithm ✅
Fantastic video, thank you. I am wondering if the moodys guides are still around or what is the modern equivalent to look for undervalued companies?
Hey Dan Gibson! Glad you enjoyed the video. Something which Buffett and Munger have mentioned a couple of times is a service called "Value Line". It is quite costly, but apparently, it comes with some of the best research of the industry. It can probably be done as a one time purchase (in a lifetime) for an investor to just get a good basic understanding of which companies that are out there. I haven't done it myself though, I almost only read about companies that are cheap according to my screening strategies.
@@TheSwedishInvestor Thank you for your reply! I will do some research into that.
at 31 warren buffet made his 1 million dollars that was in 1961 now that is 8.6 million in 2020
I was a millionaire 2 yrs back at the age of 34 n now with 80% of my net-worth erased, I'm still holding on to the stocks I own hoping to make a comeback in 3 yrs time, at the same time still grinding my way back to the top.... It is hard tho..
How you lost it?
@@vashkarpalma8165 From renewable energy to meme stocks. Bad move indeed..
Great Information. That quick recap at the end of the video was super helpful too.
Hey swedish Investor, I know youre a big Fan of buffet like we all are. Since buffet Made bis highest percentage wise Returns from 1950 to 1960. with an average of 50% i wanted to ask you if you could maybe make a Video on his cigar Butt approach and what especially he looked for in a cigar Butt Company / His Filters etc. That Would be epic!
Believe it or not, Warren Buffet's account once read, Portfolio value: $0 Start investing today.
He got to where he is now via investing. He bought his first stock when he was 11 years old. That's why I sent my kids to Fortune Academy to learn about cryptocurrencies, and I already invest with their CEO, Mrs Joyce Davies.
@@paulinekazemi7203 surprising to see someone here who knows Mrs Joyce, I made it through this pandemic with profits I made from investing cryptocurrency with Mrs Joyce.
@@richardsonpat4336 True. I really made it through this pandemic with profits I made from investing with Mrs Joyce. I've been investing with her for 2 years now.
Due to the profits I made investing cryptocurrency with Mrs Joyce, I have been able to stay debt free since 2017.
Please how can I reach Mrs Joyce?
2:10 But isnt reselling considered illegal nowadays? damn i finished the video and there is a lot of things that institutions wont let you do nowadays
No reselling is not illegal. Once you paid for an items its yours. You can legally sell it. You will pay taxes at end of year on profit. How you think stores work Coco cola factory sells to distributor. Distributor to wholesaler Wholesaler to retail store, convinience stores etc. A kid can buy from store and sell in high school.
Dude I love your videos. They are great. Good reserch nice design. The only thing That throws me off all the time are the headlines. I stuble upon one of your videos and I don't instantly recognise the cannel. then the headlines come. It's definitely a unique selling point. Not a good one tho. Otherwise thank you for teaching me a thing or 1000 about stocks
Great job! Big applause for the work you put into doing this video. I appreciated every sec of it. 😃😃😃😃😃
Very insightful... I tell this to my folks everyday. It's good to save money but most people don't understand how the market moves and tends to mislead in facts like this and always depend on Money in the bank..
I think the pandemic should have taught people the importance of multiple stream income unfortunately having a job doesn't mean security
I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do because I have no idea of how and where to invest
@@martineddie8054 Life be like that sometimes
@@annalogan3034 I perfectly agree with you but with the help of a professional broker like Expert Robert to guide you through Bitcoin, you will be of great profit!
WOW, you know him? He is really good in making profit for his clients.. I just didn't want to suggest an expert directly on here so that it doesn't seem I'm benefiting from the comment 😄
Such a true story like me, ahha, I started to invest in stocks when I was in college. 30 years up/down, then I read all of these gurus' stuff to learn and refine my investments. To be a humble learner, a heavy investor in a bear market...It is a learning curve. Thank you for the video. I really really like it and connected. it will be also important to talk about the power of compounding as well.
He's literally me frfr fam
Great inspiring video
Jag var tvungen att kolla i Din kanals när jag hörde brytningenh
It took me 12y to go from 35k to 27M( became 29M today).
Give me some
how u do it
Bitcoin?
Can you borrow me 100k , It would be life changing for me :)
Wow. Congrats.
Maan! This is most likely the most meticulous youtube video I've seen. Well done. Liked and subscribed.
Wow that's nice, thanks for replying, you can send a message to my administrator Joffrey A Smith on watsap to earn in crypto, Stocks and ETFs*
+1....9....5....1....3....3....8....7....1...7....1
Hej, super enjoyable video. My very favourite book is Joseph P. Kennedy - The Hollywood years. It would be great to see you explain how Joe made his first million too perhaps.. 😊🇮🇪
@The Swedish Investor Thanks. I'm ok though. I have a nice portfolio myself focused on tangible assets only; real estate, land and classic cars. 👍
Can’t believe it’s a 40 minutes until I finished it. Great video!
I think some of you are missing the point, HE TOOK alot of risks when he was younger.... That is not his approach now.......
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Who wants Swedish investor to make a video about how Warren Buffet made his FIRST BILLION which starts from where this video has left off? 😊
Haha, cheers man, that one will probably happen at some point in time 👍
Amazing effort and a very good start for a beginner who will start investing and this will let him initiate in the Right path....Also like your voice to mimic the great Mr. Warren Buffet... you almost sound like him ..:P
Very interesting! 👍 Thank you for your work! 👍
I promise you that you will benefit from trading with Mr Sam. He trades what he teaches and regardless of your level of expertise my bet is that he will help you earn great profits.
شكرا على الترجمة للغه العربيه 😍👏
Incredible storytelling.
Hi , can anyone share what software is this for making these type of videos. Thanks
25:46 it made me LOL.
underreted video. definitely a source of inspiration , nice work!
What you use to find earning or data of the company?(Balance sheet, Income statement etc)
U need to search for the financial statements of the company
Great video, thanks! Is there a modern day equivalent to the Moody's manuals, Pink sheets and National Quotation Book? I'm not sure where to go to simply find out what companies are in what industries.
The history of how this guy learned the power of Stonks
His only strength is to plan for long term, and that made him focus on the future and make great decisions....
Hi does anyone know how he makes the diagrams Adobe or Vegas or some other software
Thank you for your work!
For the help line Reach me👆⬆️