The world was hanging on every word uttered by Warren Buffett at what would be his last shareholder meeting address as the Chairman and CEO of Berkshire Hathaway.

During the speech, the 94-year-old Buffett spoke about what made him great at investing. And as a tremendous relief for time-challenged listeners, he said it wasn't putting in the 10,000 hours of practice made famous by Malcolm Gladwell's book Outliers.

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