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Message| (3,886)    By Samuel Lee  A version of this article was
published in the June 2013 issue of Morningstar ETFInvestor.
Download a complimentary copy here.  "I believe in the
discipline of mastering the best that other people have ever
figured out. I don't believe in just sitting down and trying to
dream it all up yourself. Nobody's that smart."--Charlie Munger
In early 2012 I had some cash in my taxable account I wanted to
put to work. I had always wanted to be a shareholder of
Berkshire Hathaway (BRK.B), the stock looked cheap, and it
didn't pay a dividend. I bought a couple hundred shares over a
few days and kept on accumulating through the year.  In
hindsight, it looks like I made a smart move. However, I never
fooled myself into believing that I had superior insight into
the stock. Yes, I had looked at the financial statements, read
other analysts' reports, and even took a stab at estimating its
fair value, but my efforts felt hollow