Those who don't have CNBC on in the background 24 hours a day or read The Wall St. Journal religiously might have missed one of the biggest events in the investment calendar; Warren Buffet's annual letter to shareholders of Berkshire Hathaway. As always, the 2009 edition is full of wit and wisdom. I found the following particularly full of both:
Long ago, Charlie laid out his strongest ambition: “All I want to know is where I’m going to die, so I’ll never go there.” That bit of wisdom was inspired by Jacobi, the great Prussian mathematician, who counseled “Invert, always invert” as an aid to solving difficult problems. (I can report as well that this inversion approach works on a less lofty level: Sing a country song in reverse, and you will quickly recover your car, house and wife.)
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