Jason Zweig

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.

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.

that consisted of thousands of pages of financial information on publicly traded stocks. And he started with A, and he read every page until he got to Z. Wow.

that consisted of thousands of pages of financial information on publicly traded stocks. And he started with A, and he read every page until he got to Z. Wow.

that consisted of thousands of pages of financial information on publicly traded stocks. And he started with A, and he read every page until he got to Z. Wow.

And if he liked what he saw in combination with the financial information, he would buy the stock no matter how small it was or how long it took.

And if he liked what he saw in combination with the financial information, he would buy the stock no matter how small it was or how long it took.

And if he liked what he saw in combination with the financial information, he would buy the stock no matter how small it was or how long it took.

Yeah, exactly. I once asked Buffett what he would have done if he hadn't become an investor. And he said, I probably would have become an investigative reporter.

Yeah, exactly. I once asked Buffett what he would have done if he hadn't become an investor. And he said, I probably would have become an investigative reporter.