How did Warren Buffett's investment in the Washington Post influence his life and business strategies?

Warren Buffett's investment in the Washington Post had a significant influence on his life and business strategies. It introduced him to Katharine Graham, the publisher of the Post, who became a close friend and mentor. This relationship exposed Buffett to high society, which was a stark contrast to his simple, down-to-earth lifestyle. Despite his discomfort in these settings, he learned to navigate them, which likely contributed to his ability to make strategic business decisions and build relationships with influential individuals. Furthermore, his investment in the Post demonstrated his knack for identifying undervalued companies and investing in them, a strategy that has become a hallmark of his investment philosophy.

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It wasn't until Buffett invested in the Washington Post that he met its publisher Katharine Graham. She was his ticket to high society, where he was least comfortable. A man of simple tastes, Buffet would rather eat a burger, fries, and Cherry Coke than sit down to a formal meal. He carried his own luggage when traveling, and was like a starstruck kid around celebrities, particularly when he met Princess Diana.

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The Snowball: Warren Buffett and the Business Life

When a group of economists came up with the Efficient Market Hypothesis, to explain how it was impossible for multi-billionaire investor Warren Buffet...

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