Buffett and Munger Unscripted: Three Decades of Investment and Business Insights from the Berkshire Hathaway Annual Shareholder Meetings

by Alex W. Morris

So if somebody knows how to make money in cocoa beans or a software company and we miss that, that is not an error as far as we’re concerned. What’s an error is when it’s something we understand, and we stand there and stare at it, and we don’t do anything.