Huge fan of Buffett. Any way to get a copy of the notes?
Posted by on 12/31/1969 at 03:00 PM
More Words of Wisdom from Mr. B
Monday, January 30, 2006 - 1:08 pm
Still milking that Harvard MBA student’s notes on Warren Buffett’s speech at HBS. This quote came in response to a question about whether the proliferation of hedge funds has made it harder to find good investments:
Markets everywhere follow three stages--innovators, imitators and swarming incompetents. Opportunities are discovered, people swarm in and the opportunity is competed away.
And with a trillion dollars in the hands of smart people, he says, there are a lot fewer opportunities.
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