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Warren Buffett Keeps a 123-Year-Old Copy of 'The New York Times,' and the Reason Is Inspiring

Warren Buffett, the renowned investor, keeps a 123-year-old copy of The New York Times from May 1, 1900, in his office. This particular edition features a front-page story about the funeral of John Rockefeller's mother, but it's not the headline that interests Buffett. Instead, he is inspired by an advertisement on the back page for a company called The Locomobile, which was selling steam-powered cars. This ad serves as a reminder of the potential for innovation and the unpredictability of business success. At the time, steam cars were considered the future, yet they were soon overshadowed by internal combustion engines. Buffett uses this historical artifact to illustrate how industries and technologies can change dramatically, emphasizing the importance of adaptability and long-term thinking in business.

Read the Full Inc Article at:
[ https://www.inc.com/bill-murphy-jr/warren-buffett-keeps-a-123-year-old-copy-of-the-new-york-times-and-the-reason-why-is-inspiring/91024383 ]