THE SNOWBALL: Warren Buffett and the Business of Life

Discussion in 'Wall St. News' started by Thunderdog, Dec 14, 2008.

  1. You're starting off on the wrong foot with that attitude.
     
    #11     Dec 15, 2008
  2. Just like Bill Gates has said in a detailed interview> The first key of his success was luck, being at the right place at the right time. However, he was not the only one and not everyone who was in the same position succeeded. There is a level of intelligence, vision & drive required.

    The cards to do have to line up right but some of them require the person's effort.
     
    #12     Dec 15, 2008
  3. People are definitely being generous with the word 'luck' here. Warren Buffett's "luck" consists of identifying the right investment principles (Graham's) and modifying them to include the value of great management and other intangible assets.
     
    #13     Dec 15, 2008