But then it dawned on me that the opinion of someone who is always wrong has its own special utility to decision-makers. - Warren Buffett

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Engraved portrait of Warren Buffett, facing right

But then it dawned on me that the opinion of someone who is always wrong has its own special utility to decision-makers.

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About Warren Buffett

Warren Edward Buffett (born 30 August 1930) is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors in the world and has a net worth of over $113 billion as of June 2022, making him the world's fifth-wealthiest person.

Biography information from Wikiquote · Portrait adapted from Wikimedia Commons, Mark Hirschey (CC BY-SA)

Also Known As

Also Known As: The Oracle of Omaha
Alternative Names: Warren Edward Buffett

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Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

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Loss of focus is what most worries Charlie and me when we contemplate investing in businesses that in general look outstanding. All too often, we’ve seen value stagnate in the presence of hubris or of boredom that caused the attention of managers to wander.

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