“We get this question a lot from the enterprising young. It’s a very intelligent question: you look at some old guy who is rich and you ask, ‘How can I become like you, except faster?’” Charlie Munger
As much as people love to imagine themselves being the next Buffett, 99.9% of them are probably over the age of 11. Therefore having his track record is nearly impossible. I realized that I could be a fraction as good as Buffett and I'll still do very well despite starting much later and having a much lower IQ than Buffett. My goal is to take as many great lessons from him as possible and learn to integrate them into my investing philosophy. I think that's the best I can do.
Looking back at what happened to Bankman Fried and the collapse of FTX this month, you could not have greater evidence that the Buffett Curse lives on...
I learned so much in this piece about a man I've read souch about. I particularly liked the focus on developing human capital
Great article Fred.
As much as people love to imagine themselves being the next Buffett, 99.9% of them are probably over the age of 11. Therefore having his track record is nearly impossible. I realized that I could be a fraction as good as Buffett and I'll still do very well despite starting much later and having a much lower IQ than Buffett. My goal is to take as many great lessons from him as possible and learn to integrate them into my investing philosophy. I think that's the best I can do.
An unusually good discussion of what is often a trite topic.
Looking back at what happened to Bankman Fried and the collapse of FTX this month, you could not have greater evidence that the Buffett Curse lives on...