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aspect of the gathering—Warren Buffett

alerting the crowd to the market’s

warning signs—wouldn’t be revealed

until the following year, when the dotcom

bubble burst, just as he said it

would.

Buffett takes pride not only in his

track record, but also in following his

own “inner scorecard.” He divides the

world into people who focus on their

own instincts and those who follow the

herd. “I feel like I’m on my back,” says

Buffett about his life as an investor,

“and there’s the Sistine Chapel, and I’m

painting away. I like it when people

say, ‘Gee, that’s a pretty good-looking

painting.’ But it’s my painting, and

when somebody says, ‘Why don’t you

use more red instead of blue?’ Goodbye.

It’s my painting. And I don’t care

what they sell it for. The painting itself

512/929

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