Warren Buffett is the only investor in history to have built one of the world's largest conglomerate in the world from scratch. But how did he do it? Many have asked this question trying to replicate his success, but few have been able to find the correct answer. One man who has the best shot at coming up with an answer is Buffett’s right-hand man at Berkshire Hathaway, Charlie Munger. In Berkshire Hathaway’s 50th year annual report, Munger tried to respond to this question, although even this key insider struggled to come up with one exact explanation of Buffett’s success.
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