The Berkshire Special 2018

Go west, young investor, but go wisely

Engage in intelligent investing where you have a fighting chance to make a decent return with a margin of safety

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"Go West, young man” was advice popularised in the late 1800s by the American author and newspaper editor Horace Greeley in regards to America’s Westward Expansion. First, Greeley “saw the fertile farmland of the west as an ideal place for people willing to work hard for the opportunity to succeed.” Second, potential success, measured in terms of productive land to farm, luxurious furs to trap, and of course shiny gold to pan, enticed many Western settlers to take significant risks.