Subject: Re: How I learned to lose money with Berkshire
Hindsight is seldom productive. I could just as easily calculate how much I "lost" when a friend in the auto business recommended Telsa years ago. I explained to him how it was everything Buffett avoids, speculative, no solid cash flow, hard to value. In the end we both have done well, and his success spawned a ummm, well lets just say controversial leader, while mine is still lead by the kindly and wise grandfather.