57sec snip

We Study Billionaires - The Investor’s Podcast Network cover image

TIP550: Masterclass w/ Mohnish Pabrai

We Study Billionaires - The Investor’s Podcast Network

NOTE

Warren Buffet's 4% Hit Rate on Key Decisions

Warren Buffett has made well over 300 decisions in the course of 58 years at Berkshire Hathaway/nOut of those 300 decisions, only 12 stand out as successful/nCharlie Munger has said that if you took out the top 15 decisions, Berkshire Hathaway's record would be useless/nThis 4% hit rate is consistent with other phenomena, such as the nifty 50 in the early 70s

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