FYI: Warren Buffett began his investment partnership in 1957 at 25 years old. He started with $105,100 and seven limited partners; his mother, sister, aunt, father-in-law, brother-in-law, college roommate and lawyer. He charged no management fee, took 25% percent of any gains beyond a cumulative 6%, and agreed to personally absorb a percentage of any losses.
Regards,
Ted
http://theirrelevantinvestor.com/2016/06/21/going-out-on-top/
