Lessons From Warren Buffett, with Robert Hagstrom

In mid-October 2008, with blood all over the streets, Warren Buffett penned a New York Times column: ‘Buy America. I am.’ Amid mass hysteria, the Oracle of Omaha made another contrarian move in a career defined by them. He predicted some of the U.S.’s most outstanding companies would set profit records in five, 10, and 20 years. It proved to be a dead-on forecast, as the March 2009 low marked the beginning of a long-standing bull market. A simple rule dictated his buying then, as it always...

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