Warren Buffett? Peter Lynch?
Dear Quote Investigator: In 2008 I read an interview with the super-investor Warren Buffett in which he said you should put your money into a company that can be run by an idiot because eventually it will be run by an idiot. But that advice sounded familiar to me. Did someone offer this recommendation before Buffett?
Quote Investigator: You are correct that similar advice antedates the 2008 comment from Buffett; however, Buffett was not asserting originality. He credited the idea to a generic speaker identified as: “they”.