Warren Buffett has repeatedly explained his process – in a general sort of way – for decades. That gets most of the attention because people want to know the secret sauce so to speak. But it’s really only part of the reason why he’s been so successful.

I dug up an older lecture and Q&A Buffett did in 1994 at the University of Nebraska. If you’ve read other Q&A’s most of it will sound familiar. The same questions get asked over and over and he answers almost verbatim.

But one of the questions stood out – “What do you do all day?” – because his answer doesn’t get covered enough. Continue Reading…

Buffett regularly makes the difficult, sound very easy. His knack for simplifying things, in a way a mass audience can understand, often gives the false impression that investing is easy.

“Simple, but not easy” best describes it.

Still, his simple messages get misinterpreted often. It leads some people to believe you can do it too without much effort. Others seem to think Buffett has a super secret formula that always spits out winners and he just refuses to share it. Continue Reading…