If you compound a modest $5,000 over 60 years at 10%/yr, you will have 300x your money, or $1.5 million. He lived frugally and saved probably 30% of his income per year. I recall calculating that the "witch of wall street" Hettie Green made something like 20x her money in her lifetime when she...
From Sith Lord to bank robber.
http://us.tomonews.net/205695949488128?utm_source=TomoNews+US+Newsletter&utm_campaign=9931ad53a9-0318_Newsletter_sbux&utm_medium=email&utm_term=0_8254ba5d15-9931ad53a9-205442305
Not quite. It helps to be reasonably good looking, young, and be able to post new, interesting content. That would eliminate a large percentage of the population. Ever heard of the song, "Video Killed the Radio Star"? You need more than just a good voice to become a popular singer.
Friendster could have sold for the equivalent of $1 billion of google stock today.
Now Friendster is worthless. Founder Abrams didn't pull a Cuban. Close, but no Cuban cigar.
http://mashable.com/2014/02/03/jonathan-abrams-friendster-facebook/
It's not the black swan Neke needs to be worried about. Rather, it's the possibility for a prolonged losing streak in his discretionary trading system as had happened in the past.
Think about in another way, since the Federal Reserve began QE, the S&P has tripled from 666 to 2100. If the Nikkei would to do similarly with Abenomics, the Nikkei would go from 8500 to ~25,500.