In his farewell letter yesterday, Buffett mentioned something interesting. He said that Munger, the Coca-Cola boss, several Berkshire Hathaway directors, current CEO Greg, and executive Ajit all either grew up in Omaha or lived there. He remarked, "Is there some kind of magical ingredient in the water of Omaha?" In my opinion, this is similar to how Liu Bang, the founder of the Han Dynasty, was able to govern the country with only talent from Pei County. What's most scarce is a founding father, like Buffett himself, and those who have the "right opportunity and the right support." Once Buffett's rise was inevitable, the small city of Omaha could provide him with half a team. Many jobs are highly replaceable; as long as talent exceeds the 80% mark of excellence, they can create great achievements on the right platform. Therefore, "organizational development" is crucial; what's lacking in talented individuals is a discerning eye. Talented individuals are indeed scarce, but platforms and opportunities are even rarer. An exceptionally brilliant founder like Buffett, who caught his own wave of opportunity, is truly one in a million.
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