In a classic 1985 interview, Warren Buffett, then worth ~$500m, sat down with George Goodman to discuss what is important in the game of investing. This is just timeless content. 🧵Our 5 favourite takeaways:

1/ What Do You Do Differently Than 90% of Money Managers? "The real test of whether you're investing from a value standpoint or not, is whether you care whether the stock market is open tomorrow".

2/ Avoiding Overstimulation "The less and less static there is in that intellectual process, really, the better off you are”.

3/ Letting Winners Pass You "In the securities business, you literally every day have thousands of the major American corporations offered to you at a price, at a price that changes daily, and you don't have to make any decisions, nothing is forced upon you”.

4/ Keep It Simple "To a man with a hammer, everything looks like a nail and once you have these skills you just are dying to utilise them in some way. But they aren't important”.

5/ Qualities of Successful Investors "You don't need tonnes of IQ in this business. You need a stable personality, you need a temperament that neither derives great pleasure from being with the crowd or against the crowd".

Legendary video of Buffett.

❤️❤️

I thought that was Adam Smith😎😎

"If you buy things for far below what they are worth, you basically don't lose money"

Great one ..."might not swing for 2 years" priceless