The Legends Speak
Berkshire Hathaway Chairman and CEO Warren Buffett explains the “secret sauce” to his long-term investment success (from the Berkshire Hathaway 2022 Annual Report):
At this point, a report card from me is appropriate: In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. In some cases, also, bad moves by me have been rescued by very large doses of luck. (Remember our escapes from near-disasters at USAir and Salomon? I certainly
David Senra, host of the Founders podcast, shares the most important lesson he learned from his recent dinner with Berkshire Hathaway Vice Chairman Charlie Munger (via Twitter on March 21)…
You can also listen to his podcast detailing this experience right here.
An in-depth look at the benefits of strategic stock buybacks (from Finding Compounders on March 31)…
Warren Buffett many years ago once got a call from the late Steve Jobs who wanted to find out if he should repurchase Apple shares. Warren asked Jobs two simple questions: Do you have all the money you need to develop the kind of business that you have in your head for the next 5
A look at why “quality” trumps both “growth” and “value” in equity investing (from Long Equity via Twitter on April 5)…
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What every equity investor should know about “margin of safety” (from Invest in Assets via Twitter on April 8)…
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Seven timeless lessons from legendary investor Stanley Druckenmiller (from Commonstock on April 9)…
Stan Druckenmiller is one of the world’s greatest money managers and has traded through market cycles for more than 30 years. In 2015, he gave what is now a timeless discussion about markets and processes at the Lost Tree Club. Here are 7 takeaways from his speech. 1. Druck attests that he is not a
A gentle reminder that finding great long-term investments is challenging even for the world’s best investors (from MicroCapClub on April 13)…
Finding a great company early is hard. How hard? You don’t have to look much further than your investment heroes. Warren Buffett has owned hundreds of stocks over his career. He’s owned some for a few months. He’s owned most for a few years. He’s owned a dozen or so for 10+ years. It takes
Veteran value investor Chuck Akre’s “three-legged stool” model for finding stocks with 100-bagger potential (from The Thinking Investor via Twitter on April 14)…
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