I wonder about the value of any advice from a person or company once they hit their super success. Does someone like Buffett have influence to the point where he just forces his moves be good or great? Not that he would be unaware of that, but still.
Or Microsoft, they could release a piece of software which for them can make profits and define industry standards, but for another firm might be considered a disaster.
It does seem like the best advice from these types will at some point boil down to ‘be me’ or ‘be us’. In that case its probably cheaper to learn the basics which can be taught elsewhere.
Warren Buffet’s advice has always been “invest in index funds”, which is a how-not-to-lose strategy. You won’t make billions like he did investing in a straight index, but you’ll beat around 80-90% of managed funds.
I wonder about the value of any advice from a person or company once they hit their super success. Does someone like Buffett have influence to the point where he just forces his moves be good or great? Not that he would be unaware of that, but still.
Or Microsoft, they could release a piece of software which for them can make profits and define industry standards, but for another firm might be considered a disaster.
It does seem like the best advice from these types will at some point boil down to ‘be me’ or ‘be us’. In that case its probably cheaper to learn the basics which can be taught elsewhere.
Warren Buffet’s advice has always been “invest in index funds”, which is a how-not-to-lose strategy. You won’t make billions like he did investing in a straight index, but you’ll beat around 80-90% of managed funds.
The environment changes all the time. But some basics probably hold true.
Work hard, work smart. Move slow, do not get hyped. Have good caches.