“If you can’t explain it simply, you don’t understand it well enough.” – Albert Einstein
In his biography, Snowball, author Alice Schroeder details stories about Buffett in college on how he would read all of his books during the first week of class. He would basically memorize everything in the book so he could focus on other parts of his life that made him happy.
It’s also been said that Buffett’s brain is pretty much a present value calculator so he’s able to quickly take company cash flows and discount rates and come up with a back-of-the-envelope company valuation on the spot. Buffett’s intellectual gifts have helped him grow his wealth, but his emotional intelligence and ability to think independently is what really sets him apart.
He even admits this himself: “Success in investing doesn’t correlate with IQ once you’re above the level of 100. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.”
Everything written by or about Buffett is welcomed as many find his advice useful. His shareholder letters are no exception. Buffett devotes a section of each annual letter to instilling lessons of his investment wisdom.
هذه القصة مأخوذة من طبعة August 2021 من Indian Economy & Market.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة August 2021 من Indian Economy & Market.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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