Outfoxxed with Marshfield Associates

We humans are strange creatures. We’re at once deeply rational but susceptible to seduction by pleasing illusions. We want to be ourselves, but we also crave the embrace of the group.

Warren Buffett famously compared the perfect business (and we paraphrase here) to sole ownership of the only source of water on an inhabited island.

We humans are strange creatures. We’re at once deeply rational but susceptible to seduction by pleasing illusions. We want to be ourselves, but we also crave the embrace of the group.

Warren Buffett famously compared the perfect business (and we paraphrase here) to sole ownership of the only source of water on an inhabited island.