Many of us have heard of the Oracle of Omaha’s first foray into business, a $25 pinball purchase in 1946 that (along with a few other savvy investments) netted him the equivalent of $53,000 before he was 20. During a recent chat with longtime friend Bill Gates, Warren Buffett nostalgically boasted that, “It was the best business I was ever in. I peaked very early in my business career.”
Buffett and his friend Don Danley shared the business venture, which the Oracle started at age 17. Danley would do the technical work, fixing up the pins, while Buffett handled the negotiations and found locations for the machines. Check out the video above to hear Buffett talk about the early coin-op venture.