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Berkshire Hathaway’s yin and yang

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Warren Buffett, one of the richest men in the world, didn’t get there on his own. He has relied on his friend and co-strategist, Charlie Munger, who views business from a different angle.

“Buffett will understand something on a micro level,” says Mohnish Pabrai, an investment expert, “but Munger will understand how it fits into the world looking a decade out.” This essential interplay is what keeps the team so successful—acting alone, neither man would have the same sort of business prowess.

To implement this for yourself, find a sounding board in another individual, preferably someone who envisions things a lot differently than you do.

“Learn your gaps, and fill them,” Munger says.

— Adapted from “Buffett’s Best Man,” Dyan Machan, Smart Money.

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