The Cult of Warren Buffett
/My first trip to the Berkshire Hathaway annual meeting in Omaha was over 20 years ago, in 2002. It was quite an initiation into the cult of Warren Buffett.
Read MoreMy first trip to the Berkshire Hathaway annual meeting in Omaha was over 20 years ago, in 2002. It was quite an initiation into the cult of Warren Buffett.
Read MoreMy first Berkshire Hathaway Annual Meeting was in 2002. I was travelling to Omaha with the Fidelity team of 20+ investors. The new analysts had an important job – get up super early to get a spot in line. That way the Portfolio Managers and Senior Analysts could sleep in, and still get a spot upfront. I thought I was ready. I was not.
Read MoreIf you really want to know what Warren Buffett thinks, look past his polite answers at the 2021 Berkshire Hathaway annual meeting and instead look at his actions.
Read MoreWarren Buffett is the world’s most successful investor. Yet, even the best make mistakes, as any good investor knows. Analyzing Warren Buffett’s mistakes in depth can make you a better investor. In the just-released 2020 Berkshire Hathaway annual letter, Buffett briefly tells us about a recent, big, mistake: Precision Castparts (“PCC”). Let’s dive in and see what we can learn.
Read MoreWarren Buffett and Charlie Munger provided many insights when they answered questions for nearly 6 hours on Saturday, May 4th, during the 2019 Berkshire Hathaway Annual Meeting. The following 5 themes stood out as the most important for investors.
Read MoreWarren Buffett’s annual letters are known for his wisdom on investing and many other topics. In the 2018 letter that was published last weekend, the following six insights stood out.
Read MoreWhen I was at a group dinner with Warren Buffett 16 years ago, I asked him: what do you look for when you evaluate a stock? He answered: First he decides whether he can roughly estimate the business’s key economic characteristics 5–10 years out. If he can’t then he eliminates it from consideration right then and there.
Read MoreBefore becoming Chairman and CEO of Berkshire Hathaway, Warren Buffett built an amazing track record compounding capital in a small partnership in the 1950s and 1960s. Chances are you would not have invested with him: his partnership did not appear conventional and he did not invest conventionally.
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