Warren Buffett's personal struggles, particularly the loss of his first wife Susie and his difficulty in managing personal relationships, likely reinforced his focus on business. His experiences may have taught him the importance of stability and consistency, principles that are reflected in his investment philosophy. He is known for his long-term investment strategy and his preference for businesses with predictable and stable earnings. However, it's important to note that while personal experiences can shape one's business philosophy, Buffett's investment strategy is also based on rigorous analysis and understanding of businesses.
When a group of economists came up with the Efficient Market Hypothesis, to explain how it was impos...
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