Subject: Re: Bogle , back to the real world,
At least painful lessons like these helped me find Buffett & Berkshire shortly thereafter!

Same for a lot of us. I think mine was the Third Avenue Value Fund. Loews (not Lowes) and Leucadia (now Jefferies) spring to mind, too.

But to be fair, we shouldn't fall for survivorship bias. It has worked out astoundingly well with Berkshire, but it might not have. We didn't know the future, we just guessed it, and our guess turned out to have been correct.

Jim