Adam Smith: If a younger Warren Buffett were coming into the investment field today, what areas would you tell him to point himself in?

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Warren Buffett: Well, if he were doing – if he were coming in and working with small sums of capital I’d tell him to do exactly what I did 40-odd years ago, which is to learn about every company in the United States that has publicly traded securities and that bank of knowledge will do him or her terrific good over time.

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Smith: But there’s 27,000 public companies.

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Buffett: Well, start with the A’s.