Tommy Carstensen

59%
Flag icon
Certainly he could have made even more if he had also decided to sell the Partnership but he opted to close instead. Apparently he had offers but he turned them down.18 In doing so, Buffett characteristically maintained the alignment with partners that he saw as all-important. He made his money with them, not from them. Closing and not selling was simply the right thing to do. If he didn’t think he should be invested, why should he tell them to be?
Warren Buffett's Ground Rules: Words of Wisdom from the Partnership Letters of the World's Greatest Investor
Rate this book
Clear rating
Open Preview