The Q&A session at the BRK meeting can be repetitive if you’ve seen it a few times. The questions are often the same. The answers are too, especially those pertaining to failure, mistakes, behavior, investment philosophy, and the “secret sauce” to Buffett’s investing success.
It can be a little monotonous and boring hearing the same thing over and over again. There has to be something more, right?
Each year, I try to mix it up, but the reality is timeless investing advice is rather mundane and repetitive.
That’s the brilliance of it.
Investing success is largely a boring endeavor achieved over decades. Buffett’s and Munger’s answers are the same because the advice hasn’t changed in a ridiculously long time. It’s not meant to be flashy. So don’t over think it.
Let’s dive into the notes. Continue Reading…