A Gem from Warren Buffett

At Berkshire Hathaway’s annual meeting, an audience member asked how investors will find opportunities in a landscape changed by emerging technologies. “New things coming along don’t take away the opportunities,” Warren Buffett replied. “What gives you opportunities is other people doing dumb things. I would say that in the 58 years we’ve been running Berkshire, there’s been a great increase in the number of people doing dumb things.”

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