Dismal science

Buffet - A Thin Slicer ?

By Brij ⋅ November 13, 2005 ⋅  Email This Post ⋅  Print This Post ⋅ Post a comment

Warren Buffet (link via Rajesh) has few interesting one-line advice for next generation investors:

..I asked him what he wanted to do for his career, and he replied that he wanted to go into a particular field, but thought he should work for McKinsey for a few years first to add to his resume. To me that’s like saving sex for your old age. It makes no sense.

Too much intelligence and energy is being devoted to scraping the crumbs off the table of capitalism instead of preparing the meal.

This focus on preparing the meal is what is driving his daily work routine. In WSJ coverage he explains why he prefers keeping everything very simple-

I don’t use analysts or fortune tellers. If I had to pick one, I don’t know which it would be

His parting line about time it takes to make an investment decision will surely make Gladwell very happy -

If I don’t know it in five to 10 minutes, then I’m not going to know it in 10 weeks

A thin-slicer ? You decide.