Source:Ben Carlson
I found this line very interesting-“Developing a network of contacts brimming with good ideas”
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Tag: buffett
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Two very old lessons
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An asset that can return 10-fold
Source: Jatin Khemani
Marshall Weinberg of the brokerage firm of Gruntal & Co told about going to lunch with Buffett in Manhattan:
“He had an exceptional ham-and-cheese sandwich.A few days later,we were going out again.He said, ‘Let’s go back to that restaurant.’ I said, ‘But we were just there.’He said, ‘Precisely.Why take a risk with another place?We know exactly what we’re going to get.’
That”, said Weinberg, “is what Warren looks for in stocks,too.He only invests in companies where the odds are great that they will not disappoint”