The Beauty-First Approach to Investing

The beauty-first approach to investing, exemplified by Warren Buffett, focuses on evaluating businesses as living organisms. By looking at the health of a company and letting CEOs manage their work of art, investors can achieve high returns. This approach contrasts with the data-heavy strategies of 'truth-firsters' and the simplicity-focused approach of derivatives traders, as seen in the financial crisis of 2007-2008. Warren Buffett's success demonstrates the effectiveness of the organic complexity approach to investing, echoing the principles of beauty-first advocated by Jacobs.