There are a couple of million Warren Buffett wannabes but only one Warren Buffett. How did Buffett climb to the top of an ultra-competitive business world to take the No. 2 spot in the Forbes 400? With the benefit of perfect hindsight, let's do a little Buffett reverse-engineering.
Unfortunately, not everyone can be Buffett, the chairman of Motley Fool Inside Value selection Berkshire Hathaway (NYSE: BRK-A). He's probably not the smartest person in the world based purely on IQ, but he's certainly up there. Some books I've read say he has a photographic memory. Others say that as a college student, Buffett would spend the first couple of days reading the course textbook and not need to study for the rest of the semester.