After my dad, Dick Pecaut, passed away in 2009, I wrote a loving tribute to him in my investment firm’s monthly newsletter. Days later, I received one of the newsletters back. Handwritten, on the back of that newsletter, was a note from the Oracle of Omaha, Warren Buffett. The man whose mindset, strategies, and investing insights my business partner, Corey, and I have studied for three decades. The man whose wisdom we are honored to share with you in the coming pages.
Buffett’s short note served as a heartwarming footnote to my father’s life work as an investment advisor. It also served as validation of both the newsletters that make up this book and our work as investment advisors.
We have been longtime Berkshire Hathaway commentators. Our analyses of its chairman, Warren Buffett, and vice chairman, Charlie Munger, have been featured in the New York Times, Money Magazine, Schiff’s Insurance Observer, and a host of other leading investment publications. One of our newsletters was referenced in James O’Loughlin’s book, The Real Warren Buffett: Managing Capital, Leading People.*