In 1983, Warren Buffett sat down to pen his annual letter to Berkshire Hathaway shareholders. Tucked away at the back of the letter was an ad. Specifically, it was a “business wanted” ad. In it, the Oracle of Omaha outlined the type of businesses he and his partner Charlie Munger were seeking to acquire. The ad […]
Recent histories of successful wealth builders (SWBs) reveal the efficacy of 100% financing methods to acquire businesses. Examples include a group over-raising funds to buy a firm and individuals spawning lucrative ventures – from seaplane shuttle services to mail-order businesses – with minimal initial investments. Emphasizing creativity and persistence, the writer encourages starting one’s own business over traditional employment to achieve wealth and freedom.