Warren buffet said, " buy when everyone fears to buy and sell when everyone greedy to buy ". Few days back when btc dropped below 35k, major discussions about btc was that now its all over, bears have taken over etc. It was the right time to buy and those who bought btc at that time are now enjoying profits.
If it was as simple as he said it was, then everyone would have been as rich as him. Leaving aside that he got 100k to start from his family and friends 70+ years ago, which is probably tens of millions of dollars I am assuming adjusted for inflation, then first stop is to have money to do all of these.Secondly, he is one of the best investors in the world and he enjoys checking the numbers, not many people could check the accounts of a company and understand what they are looking at. He was capable of doing that, he checked every single one, and with his early money he got into insurance which is basically "get money from people, use that to invest, make profit, try to never pay people their insurance claims" and that's how he got rich.
Could we do the same? Yes but not at that scale, you may not be a billionaire but if I was given the same chances in life (senator father, early financial education, millions of dollars from family and friends) then I would do fine as well.
