First Annual 2hp Nyd Quiz Thread
 

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Why was Warren Buffet one of the most successful investors in history? This one's a cinch.

There are several arguable answers. But I am looking for just one.


2hp

Because when he started out he was getting a 30% return for his investers... in a market where 7-11% was the norm. Also beleving that great fortunes shouldnt be passed on from one generation to the next (he plans on leaving his estimated $40 billion fortune to his foundation). He diversified into insurance when berkshire-hathaway was first a textile firm.