In this week's Five Good Questions, we're interviewing Jeremy Miller about his book Warren Buffett's Ground Rules.
http://amzn.to/2fibqAi
Jeremy Miller is a research analyst at a large New York-based asset manager.
Five Good Questions:
1. Having thoroughly read the partnership letters and presumably followed Buffett closely after that period, what percent of Buffett’s current wisdom would you guess he had by 1970 when he closed the partnerships?
2. Who was Harry Bottle, and why was he so critical to the decentralized model of what Berkshire has become?
3. Everyone remembers American Express as a formative investment for Buffett because he moved from purely quantitative to more qualitative, but a strong argument could be made that his Dempster investment was also highly formative. What did he learn from that experience?
4. Buffett has famously said that he believes he could still do 50% per year on a small portfolio. Do you agree or disagree with his claim?
5. What’s the difference between conservative and conventional?