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RWH013: Move Slow, Win Big W/ Thomas Russo
We Study Billionaires - The Investor’s Podcast Network
I Think You're Getting a Difference in the Long Term, Right?
In a world that's becoming increasingly short term, the real prize goes to people who are thinking more long term. Instead of going for the quick hit or looking good in the short term, it's trying to do things that are wise in the long term. The Scripps example is a pretty good one; Berkshire Hathaway taking $5 billion of premium to underwrite for someone who very easily possibly for the wrong reason had to show that $35 billion of equity index values. And so when Warren said that he'd protect them against the clients that level, he committed his whole balance sheet to making up for the shortfalls.
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