"His skill is investing, but his secret is time," Morgan Housel wrote in the bestselling business book, "The Psychology of Money."
To that point, 99% of Buffett's net worth was accumulated after he was 65 years old, Housel said during a 2022 interview with CNBC.
That's up substantially from the $84.5 billion net worth Buffett had at the time Housel's book was published in 2020.
Most of that wealth came in Buffett's later years, Housel wrote, with $84.2 billion after he turned 50 and $81.5 billion after he turned 65.
"The trick is to have a very long hill, which means starting very young or living … to be very old," Buffett said.
Persons:
Warren Buffett, Berkshire Hathaway, Morgan Housel, Housel, Buffett
Organizations:
Berkshire, Berkshire Hathaway, CNBC
Locations:
Omaha , Nebraska, Buffett's