Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2002-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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Factors of Success and Compensating Weaknesses

In this chapter, they discuss the concept that when multiple factors contribute to success, anomalies can occur. They give an example of two equally successful people, where one is good at one aspect and bad at the other, while the other person is the opposite. They emphasize that in such cases, it doesn't matter which factor is more important because great strength in one factor can compensate for weakness in another.

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