50th. Birthday Quotes

More than 2,000 books are dedicated to how Warren Buffett built his fortune. Many of them are wonderful. But few pay enough attention to the simplest fact: Buffett’s fortune isn’t due to just being a good investor, but being a good investor since he was literally a child. As I write this Warren Buffett’s net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday. $81.5 billion came after he qualified for Social Security, in his mid-60s. Warren Buffett is a phenomenal investor. But you miss a key point if you attach all of his success to investing acumen. The real key to his success is that he’s been a phenomenal investor for three quarters of a century. Had he started investing in his 30s and retired in his 60s, few people would have ever heard of him. Consider a little thought experiment. Buffett began serious investing when he was 10 years old. By the time he was 30 he had a net worth of $1 million, or $9.3 million adjusted for inflation.16 What if he was a more normal person, spending his teens and 20s exploring the world and finding his passion, and by age 30 his net worth was, say, $25,000? And let’s say he still went on to earn the extraordinary annual investment returns he’s been able to generate (22% annually), but quit investing and retired at age 60 to play golf and spend time with his grandkids. What would a rough estimate of his net worth be today? Not $84.5 billion. $11.9 million. 99.9% less than his actual net worth. Effectively all of Warren Buffett’s financial success can be tied to the financial base he built in his pubescent years and the longevity he maintained in his geriatric years. His skill is investing, but his secret is time. That’s how compounding works. Think of this another way. Buffett is the richest investor of all time. But he’s not actually the greatest—at least not when measured by average annual returns.

A woman decides to have a facelift for her 50th birthday. She spends $15,000 and feels pretty good about the results. On her way home, she stops at a news stand to buy a newspaper. Before leaving, she says to the clerk, "I hope you don’t mind my asking, but how old do you think I am?" "About 32," is the reply. "Nope! I’m exactly 50," the woman says happily. A little while later she goes into McDonald’s and asks the counter girl the very same question. The girl replies, "I’d guess about 29." The woman replies with a big smile, "Nope, I’m 50." Now she’s feeling really good about herself. She stops in a drug store on her way down the street. She goes up to the counter to get some mints and asks the clerk this burning question. The clerk responds, "Oh, I’d say 30." Again she proudly responds, "I’m 50, but thank you!" While waiting for the bus to go home, she asks an old man waiting next to her the same question. He replies, "I’m 78 and my eyesight is going. Although, when I was young, there was a sure-fire way to tell how old a woman was. If you permit me to put my hands under your bra, then, and only then can I tell you EXACTLY how old you are." They wait in silence on the empty street until her curiosity gets the best of her. She finally blurts out, "What the hell, go ahead." He slips both of his hands under her blouse and begins to feel around very slowly and carefully. He bounces and weighs each breast and he gently pinches each nipple. He pushes her breasts together and rubs them against each other. After a couple of minutes of this, she says, "Okay, okay...How old am I?" He completes one last squeeze of her breasts, removes his hands, and says, " Ma dam, you are 50." Stunned and amazed, the woman says, "That was incredible, how could you tell?" The old man says, "Promise you won’t get mad?" "I promise I won’t," she says. "I was behind you in McDonald’s.

By 1905, Tesla ran out of money and was forced to lay off the Wardenclyffe workers and shut down the facility. Newspapers decried it as his “million dollar folly,” to which Tesla responded, “It is a simple feat of scientific electrical engineering, only expensive ... blind, faint-hearted doubting world.” His malaise couldn’t snuff his imagination and love of his work, however. He refocused his efforts on commercially viable machinery and—in 1906, on his 50th birthday—presented a 200-horsepower bladeless turbine

New York glitters at the 50th Birthday.

Botox" In a friendly exchange with a shopper in a grocery story line, she joyfully declared: “Today is my 50th birthday!” I said, “It looks like the hands of Time have touched your face gently. Happy birthday!” “The hands of Time weren’t gentle on me, my dear. What you see are the wonders of botox,” she said. “They say it freezes face features and expressions. Is that true?” I inquired half-jokingly. “At this stage of my life, it makes no difference. I no longer need any expressions. There is nothing worth smiling for or frowning upon. I spent decades expressing in every physical and verbal way possible, all in vain,” she said. Her words were followed by a hopeless giggle that reminded me of the philosopher who wrote that as we advance in age, our fears are replaced with giggles. She then continued, “There is a time when you discover that all verbal and physical expressions are futile. In everyone’s life, there’s one defining event that freezes everything in their lives. Anything that happens after that event is no more than desperate and hopeless attempts to pretend that we are okay.” Before I managed to find the appropriate words, the cashier called on her. The timing was ideal as words froze on my tongue just like the botox freezes features and expression in a world in which words and expressions are of no use anymore. [Original text published in Arabic on October 14, 2024 at ahewar.org]

His malaise couldn’t snuff his imagination and love of his work, however. He refocused his efforts on commercially viable machinery and—in 1906, on his 50th birthday—presented a 200-horsepower bladeless turbine engine to the world. He was also contracted by the Waltham Watch Company to build the world’s first and only air-friction speedometer,

and she giggled as she walked against the current of bodies in the crosswalk. The subway was right there, but she didn’t want to take it yet—the beauty of New York City was walking, was serendipity and strangers, and it was still her birthday, and so she was just going to keep going. Alice turned and walked up Eighth, past the crummy tourist shops selling magnets and keychains and i ♥ ny T-shirts and foam fingers shaped like the Statue of Liberty. Alice had walked for almost ten blocks when she realized she had a destination. She and Sam and their friends had enjoyed many, many hours in bars as teenagers: they’d spent nights at the Dublin House, on 79th Street; at the Dive Bar, on Amsterdam and 96th Street, with the neon sign shaped like bubbles, though that one was a little too close to home to be safe; and some of the fratty bars farther down Amsterdam, the ones with the buckets of beers for twenty dollars and scratched pool tables. Sometimes they even went to some NYU bars downtown, on MacDougal Street, where they could dash across the street for falafel and then go back to the bar, like it was their office and they were running out for lunch. Their favorite bar, though, was Matryoshka, a Russian-themed bar in the 50th Street 1/9 subway station. Now it was just the 1 train, but back then, there was also the 9. Things were always changing, even when they didn’t feel like it. Alice wondered if no one ever felt as old as they were because it happened so slowly, and you were only ever one day slower and creakier, and the world changed so gradually that by the time cars had evolved from boxy to smooth, or green taxis had joined yellow ones, or MetroCards had replaced tokens, you were used to it. Everyone

As I write this Warren Buffett’s net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday. $81.5 billion came after he qualified for Social Security, in his mid-60s.

Warren Buffett’s net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday.

It was over 50 years ago that I had the privilege of being the Class Advisor to the class of 1969 at what was then called Henry Abbott Regional Vocational Technical School. It was another era and a time when we as a nation stood tall. It was the year when Buzz Aldrin, Neil Armstrong and Michael Collins lifted off from Cape Kennedy, for the first manned landing on the Moon. “One small step for man, one giant leap for mankind.” It was a time when we felt proud to be Americans! Fifty years ago the 4 Beatles got together in a recording studio for the last time, where they cut “Abbey Road.” In 1969 alone they published 13 songs including “Yellow Submarine.” John Lennon claimed that the best song he ever did was “Come Together” and that was in 1969. Although it wasn’t possible for me to attend the class reunion I did however connect with them by telephone and a speaker system. I had the opportunity to wish them well and share some thoughts with my former students who are now looking forward to their senior years that I always thought of as “The Youth of Old Age.” Having just celebrated my 85th birthday, 69 years old does seem quite youthful in comparison. Earlier in the week Dave Coelho, the class Vice President read to me the list of graduates that are no longer with us. I was stunned by the number, but at the time the United States was at war, regardless of what it was called. In 1968, the year before the class graduated, our country had a peak of 549,000 of our young people serving in Viet Nam. During the year of the Tet Offensive alone, 543 were killed and 2547 were wounded, and that is what the class of 1969 faced upon their graduation! It was a war in which 57,939 of our young people were killed or went missing! It was nice to talk to the class president LaBarbera and I enjoyed the feeling of guilt when one former student told me that he still has a problem with addition. To this I gladly accepted the blame but reminded him that this would not be of much help, if he had to face the IRS when his taxes didn’t compute. Look for part 2, the conclusion

Buffett’s fortune isn’t due to just being a good investor, but being a good investor since he was literally a child. As I write this Warren Buffett’s net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday. $81.5 billion came after he qualified for Social Security, in his mid-60s.