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Warren Buffet himself calls it the "Shoe Button Complex" Apparently from his youth, his Dad had a friend that ran a shoe button factory and managed to corner t
by the_sleaze9 5y ago
Warren Buffet himself calls it the "Shoe Button Complex"
Apparently from his youth, his Dad had a friend that ran a shoe button factory and managed to corner the entire market of shoe buttons. Then in his personal life went on to be a know it all about everything else on the planet.
Munger and Buffet both are pretty transparent about being so didactic though. If you don't want the strings attached to the money, say no.
- pxc 5y agoI think this is a general problem that's common among people with specialized expertise. This kind of problem is common among engineers, lawyers, and doctors as well.