Last week, Trump announced what he claimed to be the “world’s most exclusive invitation”: the top 220 buyers of the Trump Coin ($TRUMP) would be invited to a private dinner with the President on May 22.This brings to mind the annual Warren Buffett lunch that used to take place around this time each year.In 2022, an anonymous buyer paid $19 million for the final opportunity to have lunch with Buffett. The auction was started by Buffett’s late wife Susan in 2000 and was held annually, with proceeds totaling $50 million donated to foundations supporting the homeless, the poor, and other vulnerable groups.The winner of the auction could invite up to seven guests to dine with Buffett at Smith & Wollensky steakhouse in Manhattan, New York, and discuss investment-related topics. The menu usua
The Buffett Series: What Surprising Truths Have You Overlooked?
There is a classic probability puzzle known as the "Birthday Paradox". Warren Buffett once used this paradox to make a bet. This case is quite meaningful, as it serves as a reminder that: Probability is more counterintuitive than we imagine. There are many such examples in the stock market. Throughout his life, Buffett has shared numerous quotes and stories that serve as warnings to investors. Would you like more examples of counterintuitive investing principles or mental models? What other Buffett anecdotes do you know? What’s the best lesson Buffet ever teach to you?
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