When studying what made Warren Buffett such a successful investor, it would be naïve to conclude that he was simply some guy who had extraordinary skill at stock-picking, and then climbed to the top of the investing mountain thereafter due to sustainable excellence in the stock-picking realm. But that only tells half the story. It would be like only discussing a famous self-help public speaker’s days and nights spent working on his public speaking without acknowledging the countless hours spent reading books acquiring the knowledge to provide the right message that was delivered in an attractive fashion.
The reason why Warren Buffett is more of a household name than Charlie Munger, Seth Klarman, Peter Lynch, Donald Yacktman, and John Neff is not because Warren Buffett is better at picking individual common stocks than those other gentlemen. Rather, it is because Buffett knows how to successfully combine the intelligent selection of … Read the rest of this article!