In 1998, Warren Buffett gave a 1-hour masterclass on how to never lose money investing.
His frameworks:
• The 10% ownership test
• Castle & moat thinking
• Circle of competence
• Why smart people go broke
12 timeless lessons from his masterclass:
1. The 10% ownership test
Man breaks down, says IShowSpeed changed his perspective on Africa after claiming America brainwashed him into believing Africa only had huts and stick houses and is a very poor place where nobody wants to go—but it’s in fact beautiful, has advanced cities, and is full of resources.
His parents made it seem like it was just the wrong controller, but little did he know they had actually bought the full PS5 console he had been asking for years 🥹💯