From Steve Jobs to Mark Zuckerberg, we have a tendency to revere innovative CEOs.
The press, the public and Wall Street loved this sort of talk.
The lesson Buffett says we should all learn from this?
More Jimmy Lings will appear.
They will look and sound authoritative.
The press will hang on their every word.
Bankers will fight for their business.
What they are saying will recently have “worked.”
Their early followers will be feeling very clever.
Our suggestion: Whatever their line, never forget that 2+2 will always equal 4.
But if you separate the man from his message, the message has still proven to ring true.
Investing should be simple, steady and about the big picture, not daily valuations or quick profits.
Basically, don’t put all of your eggs in one basket because you love that basket’s CEO.
For more detail, check out the links below.
Warren Buffett’s 50th Letter to Berkshire Hathaway Shareholders| Berkshire Hathaway viaBusiness Insider
Photo byAaron Friedman.
