No. of Recommendations: 9
In 1998 Buffett recalled the incredible story of how LTCM went bust. He found it truly fascinating, given how a group of extremely high IQ + life long experience and expertise in their field + using their own money: could go bust.
In telling the story, Buffett referred to a book that was not a great book but had a great title.
###You only have to get rich once###
Despite Berkshire's growing 'cash problems', currently minor but with the potential to escalate: it's worth reminding myself why I really own Berkshire.
###Defensive qualities and superior capitalisation skills and discipline.###
