In the 2008 Berkshire Hathaway Annual Meeting, Warren Buffett explained that investment involves assessing an asset’s potential to generate future returns, focusing on its fundamentals rather than market speculation. He highlights the importance of understanding a business’s nature and financial statements to predict its future performance. Buffett shares his approach … Read More
Warren Buffett: Why Acquisition Departments Don’t Work
During the 2019 Berkshire Hathaway Annual Meeting, Warren Buffett discusses Berkshire Hathaway’s approach to acquisitions, particularly in Europe, inspired by Eitan Wertheimer after the ISCAR purchase. Buffett emphasizes targeting sizable, well-established businesses, ideally family-owned for decades, that align with Berkshire’s philosophy. He avoids auctions or deals driven solely by maximizing … Read More