Two Places Where Warren Buffett and We Agree
Dave Gilbert here, Editor of Smart Money . Warren Buffett’s investing philosophy can be summed up in this famous quote from him: Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1. The temptation is to say, “That’s it?” But it is a lot harder to do than it is to say, and who’s to argue with someone who is worth nearly $100 billion? Just one Class A share of Buffett’s investment holding company, Berkshire Hathaway Inc. ( BRK-A ), trades for $415,000. The man clearly knows what he’s doing, so investors follow his every move closely. His annual letters to Berkshire Hathaway shareholders are viewed as masterclasses in investing. His speeches, media appearances, and interactive sessions at shareholder meetings give us additional insight into the thinking of the man called “The Oracle of Omaha.” So do the quarterly filings of Berkshire Hathaway. These statements to the U.S. Securities and Exchange Commission show the company’s buys and sells from the prior quarter, giving investors a look at the specifics instead of the generalities.
Two Places Where Warren Buffett and We Agree
Dave Gilbert here, Editor of Smart Money . Warren Buffett’s investing philosophy can be summed up in this famous quote from him: Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1. The temptation is to say, “That’s it?” But it is a lot harder to do than it is to say, and who’s to argue with someone who is worth nearly $100 billion? Just one Class A share of Buffett’s investment holding company, Berkshire Hathaway Inc. ( BRK-A ), trades for $415,000. The man clearly knows what he’s doing, so investors follow his every move closely. His annual letters to Berkshire Hathaway shareholders are viewed as masterclasses in investing. His speeches, media appearances, and interactive sessions at shareholder meetings give us additional insight into the thinking of the man called “The Oracle of Omaha.” So do the quarterly filings of Berkshire Hathaway. These statements to the U.S. Securities and Exchange Commission show the company’s buys and sells from the prior quarter, giving investors a look at the specifics instead of the generalities.