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?