I am not so sure about the American billionaires. Yes, people like Buffet who have been around like forever, they have some sort of strong sense how to act in this business in order to be successful and achieve their goals - but, there's also a different side to that: Americans, in general, seem to be intellectually really educated in just one area, that's where they are a master, and in other areas they're like a dancer with two left feet. It's not like education from communist systems which emphasized an extensive common knowledge in everyone.
The older American investors like Buffet - hm, maybe they still know different times and have a different degree of education. Not this modern style that keeps them stupid (which people like him even helped fostering). But, I find, that's pretty hard to calculate. One can be wrong, but one could also be right.
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Yes, people like Buffet who have been around like forever, they have some sort of strong sense how to act in this business in order to be successful and achieve their goals - but, there's also a different side to that: Americans, in general, seem to be intellectually really educated in just one area, that's where they are a master, and in other areas they're like a dancer with two left feet.
It's not like education from communist systems which emphasized an extensive common knowledge in everyone.
The older American investors like Buffet - hm, maybe they still know different times and have a different degree of education. Not this modern style that keeps them stupid (which people like him even helped fostering).
But, I find, that's pretty hard to calculate.
One can be wrong, but one could also be right.