Warren Buffett bought $114.75 worth of stock at age 11 – here's how much he says it'd be worth now. via CNBCMakeIt
was a natural gas company founded in 1910, but no longer exists. Buffett calculated what his $114.75 would be worth today had he invested the money in a no-fee S&P 500 index fund with all of its dividends reinvested instead.
"That is a gain of 5,288 for one. Meanwhile, a $1 million investment by a tax-free institution of that time — say, a pension fund or college endowment — would have grown to about $5.3 billion," Buffett added.Had a pre-teen Buffett been frightened off by impending government debt , and instead opted to invest his $114.75 in gold in 1942, it would be worth drastically less today.
The point of the calculations were to demonstrate the long-term growth of the American economy. All companies which have grown in the United States owe some of their success to being part of a growing economy, he argues. So, too, with Berkshire Hathaway.
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