Money and Finance
- Warren Buffett Looks Ahead To Berkshire’s Next 50 Years
Link to article: Warren Buffett Looks Ahead to Berkshire’s Next 50 Years Warren Buffett says that lately he’s been pondering the future of Berkshire Hathaway Inc. more than usual. Like in years past, he has been busy composing his annual letter to...
- Links
Buffett admits Tesco investment ‘a huge mistake’ (LINK) Billionaire investor Warren Buffett has admitted that his seven-year bet on Tesco was a “huge mistake” in a frank mea culpa by the so-called Sage of Omaha. The chairman of Berkshire...
- "if At First You Do Succeed, Quit Trying."
As re-read in the newly released third edition of Lawrence Cunningham’s The Essays of Warren Buffett: Lessons for Corporate America. This excerpt is from Warren Buffett’s 1991 shareholder letter:We continually search for large businesses with understandable,...
- What Does It Take To Get To The Oracle?
Thanks to Bill for passing this along. Among investors, there are few prizes more coveted than the opportunity to ask Warren Buffett a question at Berkshire Hathaway's annual shareholders meeting. But this year, Fidelity Investments mysteriously claimed...
- 8 Key Takeaways From Berkshire Hathaway's 2015 Shareholder Letter
Over the weekend Berkshire Hathaway released their 2015 Annual Report and the most sought after Letter to the Shareholders from Warren Buffett. Buffett's investment and business track record is truly amazing with 19.2% annualized gains in book...
Money and Finance
Tim Harford: A lesson from the other ‘sage’ of investing
In his famous letter to Berkshire Hathaway shareholders in 1988, Warren Buffett declared: “When we own portions of outstanding businesses with outstanding managements, our favourite holding period is forever.” Compare this statement, apparently from a kindred spirit: “As time goes on, I get more and more convinced that the right method in investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes.”
Earlier, in 1984, Buffett had explained his view on diversification by approvingly quoting the theatre impresario Billy Rose: “If you have a harem of 40 women, you never get to know any of them very well.” Here’s that kindred spirit again:
“It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.”
In each case the second statement is from a man who is as quotable as the Sage of Omaha himself: John Maynard Keynes, writing to a colleague in 1934.
- Warren Buffett Looks Ahead To Berkshire’s Next 50 Years
Link to article: Warren Buffett Looks Ahead to Berkshire’s Next 50 Years Warren Buffett says that lately he’s been pondering the future of Berkshire Hathaway Inc. more than usual. Like in years past, he has been busy composing his annual letter to...
- Links
Buffett admits Tesco investment ‘a huge mistake’ (LINK) Billionaire investor Warren Buffett has admitted that his seven-year bet on Tesco was a “huge mistake” in a frank mea culpa by the so-called Sage of Omaha. The chairman of Berkshire...
- "if At First You Do Succeed, Quit Trying."
As re-read in the newly released third edition of Lawrence Cunningham’s The Essays of Warren Buffett: Lessons for Corporate America. This excerpt is from Warren Buffett’s 1991 shareholder letter:We continually search for large businesses with understandable,...
- What Does It Take To Get To The Oracle?
Thanks to Bill for passing this along. Among investors, there are few prizes more coveted than the opportunity to ask Warren Buffett a question at Berkshire Hathaway's annual shareholders meeting. But this year, Fidelity Investments mysteriously claimed...
- 8 Key Takeaways From Berkshire Hathaway's 2015 Shareholder Letter
Over the weekend Berkshire Hathaway released their 2015 Annual Report and the most sought after Letter to the Shareholders from Warren Buffett. Buffett's investment and business track record is truly amazing with 19.2% annualized gains in book...