[cygwin98]

Warren Buffet's dad was a member of U.S. House of Representatives, which was a huge advantage to have as an investor.

[derivagral]

How was this a huge advantage? Do you mean just class/money or something more political?

[cygwin98]

I was talking about money. I read a few years ago that Buffet was able to raise a huge amount of fund (equivalent to about 1million in today's money) when he was very young from a few of his dad's friends. Cann't recall the source at this moment.

[sumedh]

The truth is that nobody took young Buffett seriously and he had a tough time raising money but once word got around in a couple of years that the "kid" knows what he is doing that is when he started getting big money.