Do You Know How to Apply Cognitive Biases to Internet-Related Companies?

Warren: I'm a huge fan of yours, Charlie, mostly for your twenty-five cognitive biases. Now that you're partnering with Amazon on healthcare, have you started to understand how to apply these biases to internet-related companies? Or is there another set of tools you use to decide if you understand a business? Because you guys talk a lot about not investing in businesses that you don't understand. Well, healthcare is a... we don't plan to start healthcare companies or necessarily insurers or anything. We simply have three organizations with leaders that I admire and trust,. That mutually goes around all three.