Wednesday, June 06, 2007

Buffett's Analysis

He is a hopeless liberal, but he is also the most accomplished investor of all time. Warren Buffett, the famous head of Berkshire holds a meeting of his investors each year in Omaha, Nebraska. During this meeting, he answers all relevant questions regarding the fund he and Charlie Munger manage. One question he always gets since he is getting up near 80, is who is going to be his successor. His answer was longer, but within the answer he said Mozart was approached by a young man who said he wanted to write symphonies also and Mozart told him he was too young. "But you were young when you started." Mozart agreed, but pointed out that, "Yes, but I was not asking anyone for advice on how to do it".

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