Great article thanks. I think a large part of his strict secrecy may have been related to not wanting chit chat from his investors, he wasn't interested in their opinions and any communication wasted his time. He laments their suggestions to him regarding the wider market and if they knew what he was buying, I'm sure some would have communicated with him about them.
What we found most helpful was not only how Buffett delineated between Generals, Workouts, and Controls, but also how he shifted focus between the three depending on market conditions.
Great book. What struck me was that before studies and academics were really publishing indexing stats, he knew that the index was a ‘tough competitor’.
Great article thanks. I think a large part of his strict secrecy may have been related to not wanting chit chat from his investors, he wasn't interested in their opinions and any communication wasted his time. He laments their suggestions to him regarding the wider market and if they knew what he was buying, I'm sure some would have communicated with him about them.
What we found most helpful was not only how Buffett delineated between Generals, Workouts, and Controls, but also how he shifted focus between the three depending on market conditions.
Great book. What struck me was that before studies and academics were really publishing indexing stats, he knew that the index was a ‘tough competitor’.