Fortunes DNA

Felix Farias

Welcome to Fortunes DNA. Every episode takes one fortune apart from zero to understand how it was built. We specifically focus on: what the subject started with, what the moment handed them, what they decided and every road that would have resulted in them not making their fortune. The mission is to find out how large fortunes are really built and identify the patterns that can be reapplied to generate wealth.

Episodes

  1. Sep 11

    Warren Buffet: The Greatest Investor To Ever Lived

    Warren Buffett: nothing behind him in Omaha in 1930, $115 of his own at eleven, $9,800 by twenty, $174,000 when seven people put $105,000 into his partnership and he put in $100, a million by 1962, a billion by 1985, about $150bn today after giving away more than $60bn. A thousand dollars put into his company when he took control was worth about $55m by 2024; the same thousand left in the American market came to $400,000 — about a hundred and forty times. Five decisions were his, and none of them is a stock pick. He took a share of the gains instead of a salary in 1956. He bought a failing textile mill outright rather than sell into the offer — his worst purchase, and the vehicle for everything after it. He bought an insurer in 1967 for the money it holds, not the insurance it sells: $8.6m for a company sitting on $19m of other people's premiums. In 1969 he handed more than $100m of outside money back and kept the corporation. And in 2008 he lent $8bn into the panic, on terms that paid him before the shareholders. Seven doors were opened or shut by other people — Harvard's rejection, Graham's change of mind, Graham's retirement, a doctor who sat him next to Charlie Munger, a man who would sell his insurance company for fifteen minutes a year, Congress standing behind the banks he had just lent to, and an index committee. Two things were decided by nobody: a market that ran nineteen years, and forty years of falling rates. One road ended short of his. Julian Robertson held the same view of the same market on money that could be asked for back — and it was. CHAPTERS 0:00 A thousand dollars, two ways 1:22 What was already in the house 4:01 The first million 12:39 A millionaire buys a mill 17:33 From rich to a billionaire 22:55 What nobody could take back 30:12 The whole thing, counted 32:05 Three things that follow 33:33 Close

About

Welcome to Fortunes DNA. Every episode takes one fortune apart from zero to understand how it was built. We specifically focus on: what the subject started with, what the moment handed them, what they decided and every road that would have resulted in them not making their fortune. The mission is to find out how large fortunes are really built and identify the patterns that can be reapplied to generate wealth.