My point is that you have to put all of his wisdom and stories in the context of what he's good at and the environment he was in. He tried to apply his value investing playbook to early Google, and it looked like a bad investment. He later realized this (see my link), but that gets talked about less than value investing in its heyday. Aside: for debated reasons, value investing, which used to outperform, has been in a slump for a long time.

It's east to hear his story and think if you do the same thing, you'd be successful. If you did the same thing in 1970, you might be! And some of his wisdom is generally applicable, but reading his story as a guide for investing today isn't the right approach.