Money and Finance
Excerpt from Warren Buffett's annual letter
In an exclusive excerpt from his upcoming shareholder letter, Warren Buffett looks back at a pair of real estate purchases and the lessons they offer for equity investors.
Link to: What you can learn from my real estate investments – by Warren Buffett
"Investment is most intelligent when it is most businesslike." --Benjamin Graham, The Intelligent Investor
It is fitting to have a Ben Graham quote open this essay because I owe so much of what I know about investing to him. I will talk more about Ben a bit later, and I will even sooner talk about common stocks. But let me first tell you about two small nonstock investments that I made long ago. Though neither changed my net worth by much, they are instructive.
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The Question Warren Buffett Used To Ask Every Ceo...
From Charlie Munger: The Complete Investor: Munger is a believer in the investment approaches and ideas of Philip Fisher. Fisher was a successful investor based in California who wrote an influential book entitled Common Stocks and Uncommon Profits,...
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Links
An old (July 1999) article on Warren Buffett worth reviewing: The Warren Buffett You Don't Know [H/T Linc] (LINK) ValueWalk with another excerpt from Arlington Value's annual letter (LINK) Bust A Move: Tap Dancing to Work (LINK) This...
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"fools Give You Reasons, Wise Men Never Try."
As found in the soon-to-be-released (later this week) third edition of Lawrence Cunningham’s The Essays of Warren Buffett: Lessons for Corporate America. This excerpt is from Warren Buffett’s 1999 shareholder letter:Berkshire will someday have opportunities...
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Professor David Kass Starts A Blog
This blog is being launched on the occasion of Warren Buffett’s 80th Birthday (August 30, 2010). It will primarily provide analyses of Berkshire Hathaway’s investments, news releases, and statements made by Warren Buffett. The intent is to expand...
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The Intelligent Investor
I've been reading Benjamin Graham's book The Intelligent Investor and have been amazed by some of the insights that he had. On page 204, Graham introduces something we've all heard before, the Mr. Market parable. "Imagine that in some private...
Money and Finance