One of my favorite Berkshire Hathaway Letters is the 2007 Letter which included some great lessons for investors. Let’s take a look at some of the key takeaways. “Our gain in net worth during 2007 was $12.3 billion, which increased the per-share book value of both our Class A and … Read More
Howard Marks: How to Overcome Fear and Greed in Investing
As someone who’s been investing for many years, I’ve realised that investing is a psychological battlefield, where the hardest decisions are rarely about numbers and valuations—they’re about emotions. Howard Marks captures this dilemma perfectly in The Most Important Thing, where he reflects on the tech bubble and the 2008 financial … Read More
Warren Buffett: When a Once-Sound Premise Becomes Distorted
In his interview with the Financial Crisis Inquiry Commission, Warren Buffett explained that the housing bubble leading to the financial crisis was fueled by a pervasive belief that house prices couldn’t decline. This belief, embedded in psychology and reality, became widely accepted by the media, investors, mortgage bankers, the public, … Read More