Tag Archive

In his 1990 Berkshire Hathaway Letter, Warren Buffett explained why declining prices for businesses benefit them. Here’s an excerpt from the letter: Investors who expect to be ongoing buyers of investments throughout their lifetimes should adopt a similar attitude toward market fluctuations; instead many illogically become euphoric when stock prices … Read More

During the 2008 Berkshire Hathaway Annual Meeting, Warren Buffett discussed his strategy for investing in Banks. Here’s an excerpt from the meeting: WARREN BUFFETT: Yeah. I don’t think you should make a categorical decision about something like — however you define them — small, mid cap, whatever, regional, or national … 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 most recent Berkshire Hathaway Annual Shareholder Letter, Warren Buffett delivered a warning to investors to beware of the economic illiterate and silver-tongued demagogues. Here’s an excerpt from the letter: A very minor gain in per-share intrinsic value took place in 2022 through Berkshire share repurchases as well as … Read More

During his recent Berkshire Hathaway Annual Meeting, Warren Buffett discussed the reason why there will always be opportunities in investing is because there’s been a great increase in the number of people doing dumb things. Here’s an excerpt from the meeting: Buffett: I would argue that there’s gonna be plenty … Read More

During his recent Berkshire Hathaway Annual Meeting, Warren Buffett discussed how social media can screw up your life in thirty seconds. Here’s an excerpt from the meeting: Buffett: The business mistakes… you just want to make sure you don’t make any mistakes that take you out of the game, or … Read More

During the 2013 Berkshire Hathaway Annual Meeting, Warren Buffett was asked about how much autonomy Todd Combs and Ted Weschler have when making their investments. Here is the question and Warren Buffett’s response: BECKY QUICK: This question comes from Andishi Tuzush (PH) who asks, “If Todd Combs and Ted Weschler, … Read More

In his 2006 Berkshire Hathaway Annual Letter, Warren Buffett discussed how he finds the right acquisition targets. Here’s an excerpt from the letter: We continue, however, to need “elephants” in order for us to use Berkshire’s flood of incoming cash. Charlie and I must therefore ignore the pursuit of mice … Read More

In his 1968 Buffett Partnership Letter, Warren Buffett explained why it is possible to become fiscally flabby through a steady diet of speculative bonbons. Here’s an excerpt from the letter: Last year I said: “A few mutual funds and some private investment operations have compiled records vastly superior to the … Read More

In his 1984 Berkshire Hathaway Letter, Warren Buffett discussed how to identify shareholder-conscious managements. Here’s an excerpt from the letter: The key word is “demonstrated”. A manager who consistently turns his back on repurchases, when these clearly are in the interests of owners, reveals more than he knows of his … Read More

In his 1966 Buffett Partnership Letter, Warren Buffett discussed Overdiversifying – The Noah School of Investing. Here’s an excerpt from the letter: There is one thing of which I can assure you. If good performance of the fund is even a minor objective, any portfolio encompassing one hundred stocks (whether … 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 most recent Berkshire Hathaway 2022 Annual Letter, Warren Buffett discusses the secret sauce of investing. Here’s an excerpt from the letter: In August 1994 – yes, 1994 – Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 … Read More

In his 2003 Berkshire Hathaway Annual Letter, Warren Buffett explained why he borrows money while sitting on a mountain of cash. Here’s an excerpt from the letter: In 2003, Berkshire did $2 billion of such borrowing and re-lending, with Clayton using much of this money to fund several large purchases … Read More

In his 1965 Buffett Partnership Letter, Warren Buffett discussed the necessary temperament required to be a good investor. Here’s an excerpt from the letter: During our eight-year history a general revaluation of securities has produced average annual rates of overall gain from the whole common stock field which I believe … Read More

During the 2008 Berkshire Hathaway Annual Meeting, Warren Buffett outlined his very simple formula for building a multinational conglomerate holding company. Here’s an excerpt from the meeting: WARREN BUFFETT: Well, Berkshire was a small business at one time. I mean, it just takes time. I mean, it’s the nature of … Read More