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/biz/ - Business & Finance

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168077 No.168077[DELETED]  [Reply] [Original]

This man was perhaps the best investor in the world. He started with $15,000 and ended with around $200,000,000 26 years later before retiring at 59, and had (and gave away most of) over $800,000,000 at the time of his death at age 87.

It's a shame that he and information about him are so obscure. It's an even bigger shame that he killed himself a few months ago.

>"I had a rewarding life. Thank you and goodbye to all my friends. Please make sure you cancel all my plans. Tell everyone what I did. I’m not ashamed of killing myself. Sell all my stuff.'"

http://www.dailymail.co.uk/news/article-2529224/Friends-pay-tribute-frugal-billionaire-87-gave-700million-charity.html

He also pretty much told Bill Gates to fuck off (whether that's a good thing or not):
>Your “Giving Pledge” has a loophole that renders it practically worthless, namely permitting pledgees to simply name charities in their wills. I have found that most billionaires or near billionaires hate giving large sums of money away while alive and instead set up family-controlled foundations to do it for them after death. And these foundations become, more often than not, bureaucracy-ridden sluggards. These rich are delighted to toss off a few million a year in order to remain socially acceptable. But that’s it. I’m going to stay far away from your effort. But thanks for thinking of me.

>I wouldn’t have much fun or add much value to this group. You, being a liberal, think you can change people more than I think.

http://www.buzzfeed.com/rosiegray/exclusive-emails-reveal-deceased-hedge-fund-manager-refused

A rare interview on his investing methods:
>So the way I dealt with that was instead of being long $200 worth of stocks with a $100 net worth, I would be long $150 worth of stock, and short $50.

http://www.thestreet.com/story/920199/1/the-itsci-streetside-chat-robert-wilson.html

The only setbacks this man had was that he was a fedora and he killed himself, both personal choices of course.

>> No.168524

>>168077
It must be bumped.

>> No.168527

>>168524
He was openly gay. Instantly king of /biz/.

>> No.168544

>>168077
Killing yourself at age 87? That's bad ass.

>That feel when have more than $15,000 to invest at age 18.
>That feel when probably won't have $200,000,000 at age 87 even with inflation.

>> No.168591

>>168527
Nice try, jew.

>> No.168638

>>168544
>That feel when probably won't have $200,000,000 at age 87 even with inflation.
He had $225,000,000 after 26 years of investing. He had $800,000,000 at the age of 87.

>> No.168709

>>168638
Lol noob couldn't even make it to a billion. FAIL.

>> No.168737

I do find this man interesting. Tell us more about him.

>> No.168786

>>168737
That's the sad thing, there's not much online.

>> No.168849

Bump for justice.

>> No.168910

>>168527
Most libertarians are gay

>> No.169856

>>168910
I think you mean liberals.

>> No.171639

Bump for great justice.

>> No.173902

>>171639
$15,000 to $225,000,000 in 26 years and /biz/ is still asking how to double their money in a year.

>> No.173925

>>173902
If you double your money every year for 26 years, starting with $15,000, you'll have over 1 quadrillion dollars.

>> No.174970
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174970

>>173925

>> No.175054
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175054

>not King Buffet

>> No.175076
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175076

>>175054
>Buffet

>> No.175178

>>168077
I have mad respect for people like him.
Gates and Buffett on the other hand are attention whoring hypocrites who somehow still end up being under the 5 richest men in the world after having "given away" so much of their wealth to not-a-single-fuck-knows shady "charities".
It's like the Oscars, a big sharade, where super rich applaud each other and stroke their egos in public for giving away a couple millions each year and then getting most of it back through tax deduction.

>> No.175364
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175364

>>175178
>Buffett
>attention whoring hypocrite

>> No.175396

>>175178
The amount of ignorance in what you just said, is stunning

>> No.179227

>>168077
>He started with $15,000 and ended with around $200,000,000 26 years later
Bump for a reminder.

>> No.180882

Gooby bump.

>> No.182542
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182542

>> No.184985

One last up.