Buffett used to shoplift as a kid.

Show me a kid who says he’s never shoplifted and I’ll show you a liar.

They are / were good at picking stocks and buying underpriced companies and that's it. That is their life skill.

Oh it’s so much more than that. It’s teaching investors many things, including patience. Persistence. Compounding. Not chasing the next fad, even under withering criticism (ie. Dot-com). It’s trusting managers to do their jobs and running a holding company lean, but interested. It’s integrity and admitting mistakes, it’s earning the trust of company founders and giving them an off ramp that doesn’t strand their long time employees. And yes, it’s finding mispriced assets and offering a way for small investors to participate in what is usually a big boys’ game.

Buffett - Super intelligent, somewhat moral in later life, but not truly a worship-worthy person.

Show me someone in their 40s, 50s, or 60s who is perfect - or even close - and I’ll show you another liar. Lord knows the country is chock full of them these days..

Berkshire Hathaway FAQ

---

Contact Shrewd'm
Contact the developer of these message boards.