The freakishly strong base
The $1.9B number is terribly ungrounded in reality. Buffet&#x27;s is a success story not of compounding but of leverage. He bought an insurance company so he could play with as much money as he needed, and that is considered one of his great secrets.<p>Basically everyone in the world is dying to give Warren Buffet their money so he&#x27;d invest it for a fee. The reason he is now worth $81B and not $162B is that every investment strategy has a maximum AUM it can support, and trying to use more money than that will just lower your returns. Buffet is so amazing because he can reach consistent good results with such a huge AUM, by employing a strategy that acquires entire large-cap companies and grows them.