Jason Zweig

If he's not, it's kind of hard to think of who his competition would be.

If he's not, it's kind of hard to think of who his competition would be.

If he's not, it's kind of hard to think of who his competition would be.

What really makes Buffett so extraordinary is not just the degree of his outperformance, but the length of it. I mean, we're talking about somebody who made his first investment in... 1942. And so there are plenty of people who have better performance, better track records as investors over the past 10 years, the past 20 years, maybe even the past 25 years. But 60 years? Right. I don't think so.

What really makes Buffett so extraordinary is not just the degree of his outperformance, but the length of it. I mean, we're talking about somebody who made his first investment in... 1942. And so there are plenty of people who have better performance, better track records as investors over the past 10 years, the past 20 years, maybe even the past 25 years. But 60 years? Right. I don't think so.

What really makes Buffett so extraordinary is not just the degree of his outperformance, but the length of it. I mean, we're talking about somebody who made his first investment in... 1942. And so there are plenty of people who have better performance, better track records as investors over the past 10 years, the past 20 years, maybe even the past 25 years. But 60 years? Right. I don't think so.

And it's just kind of unparalleled.

And it's just kind of unparalleled.

And it's just kind of unparalleled.

He bought, I think, three shares of what then was called Cities Service, which was an oil company. He recalls that his sister got nervous about I think when the price went down a few months later, so he sold it. And, you know, it went on to, you know, make thousands and thousands and thousands of percent, teaching him the lesson that, you know, selling too soon can be a huge mistake.

He bought, I think, three shares of what then was called Cities Service, which was an oil company. He recalls that his sister got nervous about I think when the price went down a few months later, so he sold it. And, you know, it went on to, you know, make thousands and thousands and thousands of percent, teaching him the lesson that, you know, selling too soon can be a huge mistake.

He bought, I think, three shares of what then was called Cities Service, which was an oil company. He recalls that his sister got nervous about I think when the price went down a few months later, so he sold it. And, you know, it went on to, you know, make thousands and thousands and thousands of percent, teaching him the lesson that, you know, selling too soon can be a huge mistake.

Yeah.

Yeah.

Yeah.

In 1956, he started his own investment partnership out of his bedroom in his house in Omaha. And so he worked at home for much of the early years and he bought some of the smallest, most obscure stocks you could possibly imagine and just made a ton of money doing it.

In 1956, he started his own investment partnership out of his bedroom in his house in Omaha. And so he worked at home for much of the early years and he bought some of the smallest, most obscure stocks you could possibly imagine and just made a ton of money doing it.

In 1956, he started his own investment partnership out of his bedroom in his house in Omaha. And so he worked at home for much of the early years and he bought some of the smallest, most obscure stocks you could possibly imagine and just made a ton of money doing it.

Yeah, and this is another example of how unusual Buffett was. Of course, today, Nobody would do it this way because you wouldn't need to because there are commercial databases and you could just ask AI to do it for you. But what Buffett did was he had these immense volumes of Moody's industrial manuals, which were these gigantic hardcover books.

Yeah, and this is another example of how unusual Buffett was. Of course, today, Nobody would do it this way because you wouldn't need to because there are commercial databases and you could just ask AI to do it for you. But what Buffett did was he had these immense volumes of Moody's industrial manuals, which were these gigantic hardcover books.