Warren Buffett MBA Talk - Part 10
He is giving you a framework in which to think about how to buy businesses. When Benjamin Graham taught him , he didn't give him the gold, he gave him the wheel barrel and pick axe and said this is where the vein of gold is .... Get to work. He is giving you a mental latticework in which to work with. I must confess that a young Buffett would not invest how the older Buffett allocates capital because he is washed with cash. His world is only open to very few investments.
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