"Buffett once told me there are three 'I's in every cycle.

The 'innovator,' that's the first 'I.' After the innovator comes the 'imitator.'

And after the imitator in the cycle comes the idiot." -Theodore Forstmann, quoting Warren Buffett

hahaha

Since it's a cycle doesn't that mean the innovator follows after the idiot?

thats why need idiot to be able to innovate from idiot's ideas mah...hahaah