Warren Buffett, the man commonly referred to as the greatest investor of the 20th century, was standing in front of 165 wide-eyed students from Columbia University.
One of the students raised his hand and asked Buffett for his thoughts on the best way to prepare for an investing career. After thinking for a moment, Buffett pulled out a stack of papers and trade reports he had brought with him and said, “Read 500 pages like this every day. That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.”…