Buffett’s early game heavily focused on finding the ‘cigar butts’ like Benjamin Graham spelled out in the Intelligent Investor. As Buffetts portfolio grew, he gradually refined his view to include Charlie Munger’s philosophy of looking for a great business at a fair price.
As Buffetts portfolio became much larger, it can be very challenging to buy big positions all at once when he’s trying to park a few billion. But that’s something most of us ‘mere mortals’ have to worry about for now.
Very nice read!
Buffett’s early game heavily focused on finding the ‘cigar butts’ like Benjamin Graham spelled out in the Intelligent Investor. As Buffetts portfolio grew, he gradually refined his view to include Charlie Munger’s philosophy of looking for a great business at a fair price.
As Buffetts portfolio became much larger, it can be very challenging to buy big positions all at once when he’s trying to park a few billion. But that’s something most of us ‘mere mortals’ have to worry about for now.
Great read! Love your work and looking forward to next week’s article.