Part I. INTRODUCTION AND BACKGROUND

In Chapter 1, I explain why it is easy to beat the professional mutual fund managers and how, with some effort, you can also outperform the market as a whole. I demonstrate that in the long run, rewards from playing the game of investing are large. In Chapter 2, I use important events from Berkshire Hathaway's history as a backdrop for various investing lessons that can be learned from Warren Buffett.

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