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I had a funny thought reading the letter (the actual letter at Forbes, not the vacuous qz.com summary). The letter is type-written, with nice tables and footno
by jholman 13y ago
I had a funny thought reading the letter (the actual letter at Forbes, not the vacuous qz.com summary).
The letter is type-written, with nice tables and footnotes. That probably means that it was either hand-written by Buffet or by a secretary (or stenographed or whatever), and then given to a typist to format.
In turn that means that some random lowly typist got to snoop on all this premium investment advice, that 20 years later would be becoming common wisdom. I wonder if she (I assume a typist in the 70s would be female) noticed and appreciated it, perhaps acted on it.
- marvin 13y agoProbably not. It's a sad fact that women are on average disinclined towards risk-taking, and investment is a classical risk-taking activity. This effect must have been even more pronounced in the 70s.