Warren Buffett's upbringing during the Great Depression and his experiences with his family, particularly his verbally abusive mother, likely instilled in him a strong desire for financial security and stability. His father's profession as a stockbroker may have also influenced his interest in the stock market and investment. Furthermore, his vanity plate 'THRIFTY' suggests a value for frugality and careful spending, which are key principles in his investment strategies.
When a group of economists came up with the Efficient Market Hypothesis, to explain how it was impos...
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