Investing lessons from Warren Buffett – A time when Buffett admitted he was not doing as good a job as his managers

Synopsis

In this letter to shareholders, Warren Buffett defined his role at Berkshire Hathaway. He said he had “two core jobs”. The first was attracting exceptional managers and the second was allocating capital wisely. By his own admission, he succeeded at one job, and did not fare at all well in the other.

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