Ben Gilbert: uncertainty

Transcript context

…Incredibly well, yeah. A couple of others here that I think are worth highlighting, and I’ll save a lot of these that are better illustrated in part two. I think the one that I really want to harp on here is Buffett’s singular life focus and obsession is getting as much money as possible and watching it grow and doing it in the most ethical, stand-up way possible, on his own terms. What we’re witnessing is just the result of that singular focus, of that complete, maniacal, singular focus when applied by someone who is a genius savant at that and also has trained himself to be a master communicator. I think there’s just very few examples in the world where someone truly is world-class at something and is singularly focused on it. I think when you have that, that is when you have these 10 sigma events, or I don’t know how many standard deviations from the mean this is, but this performance is remarkable and enduring. We’ll talk about this in grading, but this is a 29.5% compounded return every year for 12 years. Partnerships, yeah.…

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