We wrote about “If …” – the famous poem of Rudyard Kipling yesterday. Here is the link to the post: “If” – a poem by Rudyard Kipling and successful investing
Warren Buffett might be the closest to the living proof of that in the world of investing. Here is an excerpt from the book “Riding The Roller Coaster – Lessons from financial market cycles we repeatedly forget”:
He (Warren Buffett) had completely missed out on the Dot-com opportunity that had presented itself. Many started writing him off. The magazine cover of Barron’s December 1999 issue gave a sell call on Buffett. He stuck to his knitting and emerged unscathed (in the aftermath of the crash), while the commentators bled.
Brackets are added now to put it in context.
As we know, the rest is history.