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In my career as a fund manager and equity strategist, the more I read of the theory of investment and the more I progressed to learn about the challenges facing managements in the creation of valuein organizational theory, complexity theory, behavioral psychology, whatever — the more Buffett's insights into these disciplines leapt out at me from his letters to the shareholders of Berkshire Hathaway.
Whatever I was learning, he already knew, Whatever I was struggling to synthesize into a framework, he had already embedded in a model. What I was lust beginning to comprehend, he had already made work In this respect, I realized, Warren Buffett did know it all — even though he didn't always get it right. In order to appreciate this fact, all I had to do was know where to look and then I was able to read his letters differently,....

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