Warren Buffet Is Not the Investing Hero You Thought
He is a victim of his psychology too, according to his latest losses.
One of the greatest investing minds of the modern era, who has made billions of dollars, is completely flawed.
Warren is a regular Joe just like the rest of us.
Why? Because he is imperfect and his psychology towards money gets the best of him (as you’re about to see). I have followed young Warren for almost a decade now and listened to his advice on learning, investing, and even public speaking.
What made me like him was that he’s a simple man exactly like me. He enjoys driving a reasonably priced car, living in a modest home, drinking Coke, and eating McDonald's despite the fact he could buy any of life’s luxuries and settle for caviar in bed every day if he chose.
The seemingly perfect investing idol had his day recently.
Matt Levine, a columnist for Bloomberg Finance, wrote a newsletter with the headline “Other Buffett news.” In it, we learned Warren’s obsession with planes and how tempted he can be to invest in something his experience tells him is a bad idea.
Here’s how Warren became a victim of his psychology and it will help you manage your own money better.
