Warren Buffett’s Top Jockeys: For The Kentucky Derby And Berkshire Hathaway Forbes
—
LOUISVILLE, KENTUCKY – MAY 07: Jockey Sonny Leon aboard Rich Strike celebrates after Rich Strike … [+] won the 148th running at Churchill Downs on May 07, 2022 in Louisville, Kentucky. (Photo by Andy Lyons/Getty Images)
Getty ImagesThe first Saturday of May marks two significant events: the Kentucky Derby and the annual meeting for Berkshire Hathaway. Despite their apparent differences, these events share striking similarities. Both attract massive, passionate crowds and are steeped in tradition. Moreover, they offer participants the potential to turn a profit, whether through winning bets or from successful investments.
The age-old question for investors and horse racing enthusiasts alike is: do you pick the horse or the jockey? As Warren Buffett famously quipped, when a CEO with a reputation for brilliance tackles a business with poor economics, the reputation of the business remains intact. The same applies to jockeys and horses.
