A clear-eyed profile of Warren Buffett’s career, temperament, and the habits that made patience a competitive advantage.
Source: The New Yorker / longform profile (add link later)
· · Saves & Shares (438)
QUOTE
“Price is what you pay. Value is what you get.”
Source: Berkshire Hathaway shareholder letters / Buffett quote
· · Saves & Shares (1.1k)
HIGHLIGHT
Buffett’s real advantage may be inactivity: waiting for the rare moment when the odds are overwhelmingly in his favor.
Source: Financial Times / investing essay (add link later)
· · Saves & Shares (684)
QUOTE
“The stock market is a device for transferring money from the impatient to the patient.”
Source: Buffett quote / public remarks
· · Saves & Shares (976)
NOTE
Moats, managers, and margin of safety
Buffett’s evolution from strict “cheapness” toward buying durable businesses reveals a deeper shift: from accounting metrics to business quality, culture, and longevity. Charlie Munger widened the definition of value — without abandoning discipline.
How decentralization, trust-based incentives, and long holding periods turned a textile mill into one of the greatest capital allocators in history.
Source: Harvard Business Review (add link later)
· · Saves & Shares (362)
QUOTE
“Our favorite holding period is forever.”
Source: Berkshire Hathaway shareholder letters