Interview with Warren Buffett

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Small Business 2.0 has a nice compilation of quotes from a joint interview that Warren Buffett and Bill Gates at the University of Nebraska. Two interesting things that Buffett said:

(asked about decision making) Asset allocation is done by me only, not by committee or vote, I make those decisions. A committee/vote would tend to bring our decisions toward the mean and make the likelihood of finding a unique opportunity lower.

(asked about his most important skill) Ability to focus. I thought that it was interesting to hear in light of the attention deficity disorder going on in our culture.

No wisdom of crowds and no multitasking? Sheesh. He's so Web 1.0.

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