aiannualapproachberkshirebigbillbondbookbuffettbusinessbusinessescapcapitalcapscasechallengeschencibellicomecompaniescorporatecoviddanieldaviddecadedeepdiscussiondivedynamicselliotemergingendenergyenvironmentequityestateexpectationsexperiencesfactorsfamousfavoritefleecingforecastingfuturegamegoodgovernancegreatgrowthhathawayhighestideasimplicationsindustriesinflationinvestmentinvestmentsinvestorinvestorslargelessonslifemademanagementmariomarketmauboussinmeetingmichaelmidmungernewsnextopportunitiesopportunityordwayoutlookoverconfidencepercentphilpratherprocesspublicrealreflectingrelatedriskriskssectorsellingsmallspecialstudysystemthinkingtimeturnertwitteruncertaintyusingvaluationvalueworldyear