Many gurus have mentioned time and again that Investing has to be boring so that it is profitable; just like George Soros with his quote:
However, at Berkshire Hathaway’s annual shareholder meeting on 4 May 2019, a young shareholder asked Warren Buffett about his favorite investment outside of the conglomerate.
The legendary investor replied, “Usually the ones where you make the most money” but then added;
His most “fun” investment was an investment in Atled Corp., a duck-hunting club of 100 members that agreed to purchase land in Louisiana. It later turned into an oil field.
Story behind Buffett’s ‘Fun’ Investment“Atled had 98 shares and I bought one,” said Buffet who noted that the company’s name was Delta spelled backwards.
The “company” had just been 100 guys from St. Louis who had put in $50 each — two defaulted, hence the 98. It was later called...
