Benjamin Taylor's  Instablog

source: Cordoza Life

This past January, about the time of Obama's inauguration, Warren Buffett gave an interview to PBS corresspondent, Susie Gharib. In the interview Buffett was asked to give his greatest and most important business lesson. He responded:

A few weeks back we introduced you to Bill Nygren, manager of the Oakmark Select fund. In the video Nygren plainly states his belief the market is presenting investors with a lot of opportunity to purchase undervalued but high quality companies. In his 2009 semi-annual letter to his fund holders, he reiterates this view. He says,