No. of Recommendations: 11
Reading the top 5 summary having 2/3 of the equity holdings & they are all in the A-B-C’s reminded me of the 1993 Adam Smith interview...& we still have 23 letters to go!
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“Warren Buffett famously gave this advice in a 1993 TV interview with Adam Smith (George Goodman) for the show Money
World. WordPress.com
When asked how a young investor with limited capital should approach analyzing thousands of public companies, the exchange went like this:
Adam SmithẠIf a younger Warren Buffett were coming into the investment field today, what areas would you tell him to point himself
Warren Buffett: "I'd tell him to do exact same thing I did 40 years ago, which is to learn about every company in the United States that has public securities.
Adam Smith: "But there's 27,000 public companies!"
Warren Buffett: "Well, start with the A's."
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ciao