Why Warren Buffett Plays Bridge

In 1984, Warren Buffett gave a talk at the Columbia Business School in honor of his mentor, Ben Graham. He began by relating the academic argument that investors having long-term records of outperforming the market really owe their success to randomness. Buffett responded by describing a hypothetical coin-flipping contest, where each participant flips a coin each day for 20 days, and those who come up with all heads are declared winners...more

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s