Warren Buffett
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(Excerpt from The Psychology of Money by Morgan Housel) As I write this Warren Buffett’s net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday. $81.5 billion came after he...
September 26, 2020|
Investing, Nonlinearity
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(Excerpt from University of Berkshire Hathaway by Daniel Pecaut and Corey Wrenn) Each business will have a couple of unique factors that are essential in evaluating its progress. Often, those unique factors are not...
May 10, 2020|
Investing
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(Excerpt from University of Berkshire Hathaway by Daniel Pecaut and Corey Wrenn) Buffett said this is the number one question he would ask of himself: why is Berkshire investing in capital-intensive businesses?...
May 5, 2020|
Investing
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(Extracted from University of Berkshire Hathaway by Daniel Pecaut and Corey Wrenn) Buffett explained that buying a business is much like buying a bond with no maturity and with a blank coupon. You must write...
March 10, 2020|
Investing
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(Extracted from University of Berkshire Hathaway by Daniel Pecaut and Corey Wrenn) Buffett also noted that book value is seldom meaningful in analyzing the value of a business. Book value simply records what was put...
March 10, 2020|
Investing
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(Extracted from Farnam Street – Compounding Knowledge) While most of us focus on consuming information that we won’t care about next month, let alone next year, Buffett focused on knowledge and companies that...
October 12, 2019|
Half Life
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“We diversify substantially less than most investment operations. We might invest up to 40% of our net worth in a single security under conditions coupling an extremely high probability that our facts and reasoning...
September 8, 2019|
Focus, Investing
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In 1994, Charlie Munger was addressing a crowd at University of Southern California. (Extract from James Clear) When Warren lectures at business schools, he says, “I could improve your ultimate financial welfare...
September 8, 2019|
Focus, Investing, Via Negativa
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(Extracted from Warren Buffett’s Ground Rules by Jeremy C. Miller) Buffett provided his most explicit recognition of this evolutionary transition in his fall letter of 1967. As he said then, The evaluation of...
September 8, 2019|
Investing
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