Warren Buffett

Epilogue

I first heard Warren Buffett say the words “Money Mind” on May 6, 2017. I started thinking about this book on May 7.

Not in any kind of organized, purposeful way—not at first. For a long time the notion of Money Mind was simply an idea sitting quietly in a corner of my brain, not causing any trouble but stubbornly refusing to relinquish its spot. Gradually, without conscious intent, I found myself visiting that idea more and more, and each time I discovered that it had gotten a little taller, a little more demanding. Until finally, one day in 2019, I knew I could ignore it no longer. I had to give that idea my full attention. It was time to start planning a new book.

I tasked myself to investigate fundamental questions. What exactly is a Money Mind? Where does it come from? What are its components? Can they be learned? And if so, how? Once I articulated the questions, I immediately knew the answer. Who better to teach us what it means to have a Money Mind than Warren Buffett himself, the splendid teacher and the ultimate Money Mind.

And so I started digging.

Ben Graham concludes The Intelligent Investor with this final, profound sentence: “To achieve satisfactory results is easier than most people realize; to achieve superior results is harder than it looks.” Over the years, Warren Buffett, Graham's most famous pupil, has often repeated this phrase, although a bit more ...