The "Oracle of Omaha" Warren Buffet came from humble beginnings. So perhaps it's not a shocking revelation that pedigree means little to him when it comes to business potential, he says in his latest shareholder letter earlier this year.
Long revered as required reading for investors, Buffett’s annual letter to Berkshire Hathaway shareholders delivered yet another insightful lesson. This year's edition included a compelling argument that raw business talent often outweighs formal education. He cited examples from his career, including that of Pete Liegl, the late founder of Forest River, an RV manufacturer Berkshire acquired in 2005.
