The Importance of Wisdom in Retirement

Clifford: Some younger quants say Buffett did so well in the late 60s and 70s, that's the fourth source of our performance. He says they're kind of missing the bigger picture. Cliff asked us wrote a piece that said, Oh, Warren did was buy these quality stocks. That is absolutely true, except 50 years ago, you had to know to buy the quality stock. So almost 60 years ago, right? That's a crazy. No, I mean, I think that he is that extraordinary.