WARREN BUFFETT - ASSET ALLOCATOR Warren Buffett’s history with RJR stock shows how he thinks about investing. But we can learn a broader lesson from him. He calls himself an “asset allocator.” He says that this is his one real skill and had he been born at any other time in history, this skill would have been worthless. To apply his talent, he needed a capitalist economy that allowed him to freely buy and sell (mostly buy). He says, with humorous understatement, that his asset allocation ability would have been of little use if he were a European serf in the Middle Ages where his only asset was a mule. You have no opportunity to allocate assets if you spend all day looking at the south end of a north-bound mule.
BERKSHIRE HATHAWAY AND TOBACCO HISTORY PART IV
BERKSHIRE HATHAWAY AND TOBACCO HISTORY PART…
BERKSHIRE HATHAWAY AND TOBACCO HISTORY PART IV
WARREN BUFFETT - ASSET ALLOCATOR Warren Buffett’s history with RJR stock shows how he thinks about investing. But we can learn a broader lesson from him. He calls himself an “asset allocator.” He says that this is his one real skill and had he been born at any other time in history, this skill would have been worthless. To apply his talent, he needed a capitalist economy that allowed him to freely buy and sell (mostly buy). He says, with humorous understatement, that his asset allocation ability would have been of little use if he were a European serf in the Middle Ages where his only asset was a mule. You have no opportunity to allocate assets if you spend all day looking at the south end of a north-bound mule.