How Warren Buffett Differs from Most Investors: Part II

Before I begin this evening, let me simply say that where I find intelligence, I appreciate it, whether I agree with all the ethics of the situation or not.

Warren Buffett CEO of Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B)  is a bright guy, brighter than most.  I have *not* been shy to criticize Buffett when I thought there were ethical lapses — whether it was retroactive reinsurance, life settlements, David Sokol, or anything else.

The fifth way that Buffett is different is that Buffett was comfortable managing a company, rather than a pass-through vehicle like a mutual fund or a hedge...