Category Archive

During the 2018 Berkshire Annual Meeting, Warren Buffett and Charlie Munger explained why they still invest in capital intensive businesses. Here’s an excerpt from the meeting: AUDIENCE MEMBER: Mr. Buffett, my name is Daphne Collier Starr (PH). I’m eight years old and live in New York City. I’ve been a … Read More

During the 1994 Berkshire Annual Meeting, Warren Buffett explained why you should not make decisions in securities based on what other people think. Here’s an excerpt from the meeting: WARREN BUFFETT: Yeah, there was an article about a week or so ago in Barron’s. The same fellow wrote an article … Read More

During the 2010 Berkshire Hathaway Annual Meeting, Warren Buffett was asked how to overcome fear when everyone else is scared. Here’s his response: WARREN BUFFETT: The business of being scared, you know, I don’t know what you do about that. If you’re of that — if you have a temperament … Read More

In his latest 2022 Berkshire Annual Meeting, Warren Buffett explained why there is nothing more destructive than companies reporting forecasted earnings. Here’s an excerpt from the meeting: Buffett: Within GAAP accounting I can play a lot of games with numbers. We have never… we’ve done a lot of dumb things … Read More

According to his latest 13F for Q1 2022, Warren Buffett added 8 new positions. This week we look at how these new positions have performed over the last 12 months. SYM ISSUER NAME VALUE ($000) % SHARES ALLY ALLY FINL INC $389,990 0.10% 8,969,420 C CITIGROUP INC $2,945,319 0.80% 55,155,797 … Read More

During his recent Berkshire Hathaway Annual Meeting, Warren Buffett explains why he always holds cash. Here’s an excerpt from the meeting: Buffett: Going back to Q2 is we will always have a lot of cash on hand. And when I say cash I don’t mean commercial paper. When 2008 and … Read More

In his latest Berkshire Hathaway Annual Meeting, Warren Buffett discusses how looking back, they have bought during some really dumb times. Here’s an excerpt from the meeting: Buffett: The interesting thing is you know obviously we haven’t the faintest idea what the stock market is going to do when it … Read More

In his recent interview with Charlie Rose, Warren Buffett explains why he’s gotten dumber but wiser. Here’s an excerpt from the interview: Buffett: I’ve gotten dumber but I’ve gotten wiser. Host: That’s a nice phrase but what does it mean? Buffett: It means that I can’t add a group of … Read More

In his recent interview with Charlie Rose, Warren Buffett explains why you don’t need brains to be successful in the market. Here’s an excerpt from the interview: Buffett: I’m a bright guy who’s terribly interested in what he does. So I’ve spent a lifetime doing it. I’ve surrounded myself with … Read More

In this interview with Jeff Cunningham at Arizona State University, Warren Buffett discusses journalists looking to confirm their hypothesis regarding a story, a lesson that is equally applicable to investors who have investing so much time and effort into a potential investment. Here’s an excerpt from the interview: Buffett: The … Read More

In his latest Berkshire Hathaway Annual Letter 2022, Warren Buffett says, “Today, though, we find little that excites us.” This would explain why he’s currently holding $144 Billion in cash and cash equivalents. Here’s an excerpt from the letter: Berkshire’s balance sheet includes $144 billion of cash and cash equivalents … Read More

In his 2020 Berkshire Hathaway Shareholder Letter, Warren Buffett discusses Berkshire’s ‘edge’ when it comes to making acquisitions. Here’s an excerpt from the letter: Buffett: Aside from the economic factors that benefited us, we now enjoy a major and growing advantage in making acquisitions in that we are often the … Read More

In his 2016 Shareholder Letter, Warren Buffett discusses the two things you should never forget during scary periods. Here’s an excerpt from the letter: American business – and consequently a basket of stocks – is virtually certain to be worth far more in the years ahead. Innovation, productivity gains, entrepreneurial … Read More

One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More

In his 1992 Berkshire Hathaway Letter, Warren Buffett explained that growth can have both a positive and negative impact for the investor. Here’s an excerpt from the letter: Similarly, business growth, per se, tells us little about value. It’s true that growth often has a positive impact on value, sometimes … Read More