The Secrets of Warren Buffett's Psyche

[Guest]

The Secrets of Warren Buffett's Psyche

I turned on Charlie Rose yesterday at lunch and had one of those frozen-to-the-table experiences. He was doing a three-part series on Warren Buffett, which concludes tonight. Rose gets access, and the access has been rewarded with an incredibly intimate portrait, which will be remembered in part for its exploration of Buffett's menage with his late wife Susan and the woman she chose to move in with him, Astrid...

Here as I gleaned them are the secrets of Buffett's genius:

1. Simplicity. He learned when he was young that he had a highly circumscribed "circle of competence," as he likes to say—basically, the love and study of good businesses. He stayed within that circle, forever. His judgments are filled with homespun simple analogies. "Leave yourself a margin of error. Don't try and drive a 9800 pound truck over a bridge that can only support 10,000 pounds."

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[john]

I am big fan of Warren Buffett. It's great to see him on the show.

The shows are available on Goggle video:

Part #1:
Show Date: 7/10/2006
The man
http://video.google.com/videoplay?docid=6701318343299922276&q=Warren+Buffett

Part #2:
Show Date: 7/11/2006
The Business
http://video.google.com/videoplay?docid=-6208910876057109785&q=Warren+Buffett

Part #3:
Show Date: 7/12/2006
The Gift
http://video.google.com/videoplay?docid=-4846290947664386236&q=Warren+Buffett