When I was a child, I sold newspapers and other small jobs to make money, but I didn't spend it. It was used to expand the scale, and the idea of compound interest.
At the age of 16, he played very slippery with stocks. I don't want to go to college.
After 3 years of graduating from college, the application to Harvard Business School was rejected. Instead, there is an opportunity to learn. . . Learned great business skills at Columbia University.
In order to overcome his shortcomings in public speaking, he took part in Carnegie's training class to break through himself.
The first company invested a total of 105,100 and only contributed 100.
His wife's involvement in the civil rights movement changed his political views from a republican to a democrat. Listen to Martin Luther King's speech with my wife. Shocked.
Take the opportunity to do the big one and don't operate it frequently.
Only focus on investing in companies and fields that you are good at and have a high success rate.
Learn from your father's experience and avoid repeating his father's mistakes: Utopian.
Learn from his teacher: Ben Graham. Buy fair companies at wonderful prices.
Charlie Munger teaches him buy wonderful companies at fair prices.
Moats.
Constructed the business that fits himself. Same 25 people. Have no committee and department.
Reading, Quiet.
Focus. Want to know everything about what interests them.
Enjoyable to think about investment and business problems.
Have a moat around him. A loner in a sense. Even his wife.
Difficult to connect with him emotionally, not his basic modes operation.
Super focus.
Cerebral.
2 parallel lines. Don't care what his wife is doing most of the time.
His wife left him in 1977.
She never appreciated compound like he did. She feels like they should be giving more money away.
Money is his scoreboard.
Using float to buy more companies.
Build the reputation that he won't upset the applet cart when he bought the business.
Solomon Brothers buying ruins the reputation. The biggest failure. Stepped up and took responablily. Served as interim chairman. Too big to fail.call US Treasury Secretary, used his reputation to save Solomon's life.
Berkshire investor show. Celebration. A big community.
After his wife dies, he gives away most of his fortune to charity.
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