Hacker News new | past | comments | ask | show | jobs | submit login

The transition from bargain trader to long term investor had a lot to do with the magnitude of his war chest. You can ex: flip houses with time, skill, and a million dollars, but it's much harder to see a large ROI when flipping houses with time and a billion dollars. It’s all about maximizing ROI as your time becomes more limited than your capital.

PS: He once said, I can find plenty of people that can consistently turn 1 million$ into 2million$ in a year, I can't find people that can consistently turn 1 billion$ into 2 billion$ in a year.

Applications are open for YC Winter 2020

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact