Warren Buffett
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Warren Buffett: The Irrationality of Stop-Loss Orders in InvestingDuring the 1994 Berkshire Hathaway Annual Meeting, Warren Buffett recounts a conversation with NYSE specialist Jimmy Maguire about stop-loss orders on Berkshire Hathaway stock. …
Warren Buffett: Why I Transitioned From Cigar Butts to Quality CompaniesIn his 1989 Berkshire Hathaway Annual Letter, Warren Buffett critiques the “cigar butt” investment approach, where buying a struggling company at a bargain price might yield sho…
Warren Buffett: The Best Investment Strategy When Opportunities Are ScarceIn his 2003 Berkshire Hathaway Annual Letter, Warren Buffett discusses his concerns about the U.S. economy and Berkshire Hathaway’s strategy to hedge its significant cash-equiva…
Warren Buffett: The Hidden Benefits of Falling Stock PricesIn his 1997 Berkshire Hathaway Annual Letter, Warren Buffett advises that if you are a net saver, you should prefer lower stock prices, as this benefits future investments. Many…
Warren Buffett: Pinpointing Secure Investment OpportunitiesDuring the 1997 Berkshire Hathaway Annual Meeting, Warren Buffett discusses using filters to identify businesses where future value can be reasonably estimated. Buffett advocate…
Warren Buffett: Prioritize Sensible Management Over Great BusinessesDuring the 2001 Berkshire Hathaway Annual Meeting, Warren Buffett advises that if you’re invested in a good business but the management is making poor decisions, it’s often bett…
Warren Buffett: The Investing Strategy For Finding Undervalued International StocksIn the book – The Snowball: Warren Buffett and the Business of Life, there’s a lengthy quote by Warren Buffett describing his investing strategy from finding opportunities in So…
Warren Buffett: The One Reason to Retain Earnings and Not Distribute to ShareholdersIn his 1984 Berkshire Hathaway Annual Letter, Warren Buffett argues that companies should only retain unrestricted earnings if there is a reasonable prospect that retaining the …
Warren Buffett: Prosperity Makes It Hard for Companies to Stay DisciplinedIn the book – The Snowball, Warren Buffett discussed Coca-Cola’s costly “Project Infinity,” criticized by Herbert Allen for excessive spending with unclear benefits. Buffett, a …
Warren Buffett: How Ted and Todd Complement My Investment StrategyDuring the 2016 Berkshire Hathaway Annual Meeting, Warren Buffett explains that he seeks very large deals in investments or operating businesses, while his associates, Ted Wesch…
Warren Buffett: Seizing Opportunities with Small Amounts of CapitalDuring the 2010 Berkshire Hathaway Annual Meeting, Warren Buffett discusses the perpetual presence of investment opportunities, particularly for those not managing large sums of…
Warren Buffett: Investing Is All About Knowing What You KnowIn his 1999 Berkshire Hathaway Annual Letter, Warren Buffett explains that he and Charlie Munger aren’t distressed by their lack of tech insights, as there are many areas where …
Warren Buffett: Why Quality Businesses Can Still Be OverpricedDuring the 1997 Berkshire Hathaway Annual Meeting, Warren Buffett discussed his annual report, in which he described Coke and Gillette as “The Inevitables,” noting their excepti…
Warren Buffett: Choosing the Right Discount Rate for ValuationsDuring the 1996 Berkshire Hathaway Annual Meeting, Warren Buffett explained that when determining a discount rate for valuing future cash flows, he prefers using the long-term g…
Warren Buffett: The Best Indicator For Assessing Operating PerformanceIn his 1979 Berkshire Hathaway Annual Letter, Warren Buffett explained why the most appropriate way to measure annual operating performance is by the ratio of operating earnings…
Warren Buffett: We Prefer Outperformance in Down MarketsIn his 1960 Partnership Letter, Warren Buffett outlines his goal of achieving long-term performance superior to the Industrial Average, emphasizing that this superior performanc…
Warren Buffett: WPC: From $10.6 Million to $221 MillionIn his 1985 Berkshire Hathaway Annual Letter, Warren Buffett explained how in mid-1973, he purchased Washington Post Company (WPC) shares at a quarter of their business value, c…
Warren Buffett: How To Identify Outstanding ManagersIn his 1986 Annual Letter, Warren Buffett acknowledges his underperformance in deploying capital compared to the excellent management by his company’s managers. Buffett and Vice…