Users: Brian Ripley: Fox Trot by Bill Amend

Fox Trot by Bill Amend

Encouragement can be found in Warren Buffett’s admonition in the Berkshire 2006 annual report, which I (Frank Martin) paraphrase only slightly: Being aware that a single, big mistake can wipe out a lifetime of successes, a wealth manager must be hardwired to recognize and avoid grave risks, including those never experienced before. Buffett went on to add that, “…fierce independence of thought and action, equanimity of temperament, abiding rationality and a keen understanding of human nature are essential.” Frank Martin, CFA September 2014 
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