Warren Buffet

Here’s an excerpt from The snowball:Warren buffett and the Business of life Chapter 15: Strike One, page 137. While a student at Columbia in 1951, Warren learned about insurance during an unannounced Saturday visit to GEICO headquarters in Washington, DC where he managed to meet a vice-president.

Warren had even considered actuarial science — the mathematics of insurance — as a career. He could have spent decades toiling over tables of mortality statistics, handicapping people’s life expectancies. Besides the obvious ways this suited his personality — which tended toward specialization, collecting, and manipulating numbers; and preferred solitude — working as a life actuary would have let him spend his time pondering one of his two favourite preoccupations: life expectancy.

However, his other favorite, collecting money, had won out

Milton friedman-video link

Apparently The Nobel Laureate wanted to become an actuary but quickly realized how tough the exams are.


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