Even after being influenced by Charlie Munger to buy better businesses, Warren Buffett continued his extreme-discount hunting at age 80 while managing hundreds of billions at Berkshire (knowing it couldn't move the needle), because he loved the hunt itself—exemplified by his discovery of undervalued Korean stocks.
factualpending
Speaker
Manish PabraiEvidence Quote
“At age 80 managing hundreds of billions, Buffett knew he could find nothing that would move the needle for Berkshire... but he loved the hunt so much he couldn't help himself... he invested in Korean stocks quantitatively cheap”
Source
Virtual Value Investing Q&A Speaker Series Event at Brown University with Mohnish Pabrai— Value Investing Q&A Series Brown UniversityCreated: 8/11/2026, 1:53:00 AM
My Notes
Loading notes...