The Importance of Thinking About Important Subjects

Berkshire's Warren Buffett: "We try to think about things that are important and things that are knowable" He says Berkshire has a view on what the world will look like over the next ten years in business or competitive situations. But it doesn't have perfect foresight, which is one reason he bought shares of Coca-Cola when they went public back in 1919. The company now makes $5 million per year from dividends reinvested with shareholders' money.