In a recent interview with David Rubenstein from Bloomberg, Warren Buffet offered some fascinating insights into his decision-making process. It came as a surprise to me to see how quickly Buffett made such a massive investment with zero reliance on financial models or complicated review processes. Professional investors and finance writers stress the importance of process and in-depth analysis, which I fully support. However, it’s interesting to see Buffett’s throwback to a simpler time when stocks pickers identified great investments, rather than bury themselves in spreadsheets. Excerpts from the transcript below, with links to the full transcript and interview at the bottom.