Jim Grant on the Fed's "Mission Creep"

Warren Buffett once told investors at an annual shareholder meeting, "...it's a huge structural advantage not to have a lot of money. I think I could make you 50% a year on $1 million. No, I know I could. I guarantee that."

Buffett later went on to talk about one incredible advantage that average, smaller investors have over Berkshire. Point blank, The "Oracle of Omaha" envies people like you because you can invest in small cap stocks and he can't.

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