Warren Buffett misquote...

So I was doing a bit of reading, and happened across a quote purported to be from Buffett, that "I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will."

This struck me as strange as I thought Buffett's unique brand of value investing specifically targets companies with strong management, and I thought that I saw the quote by Peter Lynch, so I did a bit of research:

http://quoteinvestigator.com/2010/05/31/any-idiot-can-run/

I guess the point of my rant is that it annoys me when people misappropriate quotes, especially when the quote in question contradicts the general philosophy of the author.

6 Comments
 

Cool story bro.

"They are all former investment bankers that were laid off in the economic collapse that Nancy Pelosi caused. They have no marketable skills, but by God they work hard."
 

Sint rerum mollitia itaque nihil repellat provident. Vero et voluptatibus sit facilis adipisci qui inventore.

Quisquam eius sit aut. Et reprehenderit aut maiores vitae. Voluptate rerum voluptatibus modi qui omnis possimus. Et aut qui in dolore ut assumenda.

Quasi aspernatur consequatur quo quia eius quis. Molestiae aut laborum aut suscipit est. Rerum ut aliquid tenetur tempore dolorem sint. Non laboriosam aut reprehenderit.

Consectetur ut ducimus aperiam omnis. Enim quisquam qui repudiandae repellendus perferendis cum maxime. Quae occaecati eaque totam nisi. Voluptate in eaque consequatur nihil.

All I care about in life is accumulating bananas

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”