[sdrothrock]

It's $67k after being adjusted for inflation.

If you click through to the original article[1] linked by the blog post, they explain that

> Warren Buffett became a player in the investment game at the wee age of 11, eventually using cash he earned from his paper route to buy some farmland in his home state. As a high school sophomore, he also reaped the rewards of a booming pinball machine business.

1. http://www.marketwatch.com/story/from-6000-to-67-billion-war...

[freyr]

Yeah, I know it's adjusted for inflation. I guess they explain it? I can't imagine a paperboy earning nearly $60k (adjusted) in a couple years, so his investment returns must have been phenomenal right off the bat.

A high school sophomore would be 15-16, so he would have already made the $67k (adjusted) before he got into the pinball business.

[zxoq]

That figure seems slightly exaggerated, Wikipedia states he had $9800 saved when he was 20. And that he made $175 a month from his postal route. If he started his paper route at 15 he would have made over $10,000 from just the paper route during those 5 years. And the article lists several more business ventures he was active in.

Few people start working as early as 13-14, but if we extrapolate the $175 a month (which would be almost $2500 in today's dollars), and you had no expenses you could save $150,000 by the time you were 20, today.

Must surprising here is how well paid that paper route was. Average salary was $200 a month in 1944. Today the average salary is $2500 a month, but you can't earn as much from such a simple job today.