1/ There is so much to learn from Warren and Charlie, but it’s good to remember that their approach is just one of many possible approaches. It’s not the only one. 2/ We can learn a lot about patience, rationality, and timeless principles: only buy what you understand a stock is part ownership of a…
Tag: Stocks
Why I’m not a full-time money manager
Most Fund Managers Fail to Beat the Market There are tens of thousands of full-time money managers and stock market analysts in the world. Most of them consistently underperform a broad diversified index. (Research indicates that up to 89% of fund managers fail to beat the market.) That’s a lot of invested life energy, for,…
Takeaways From Warren Buffett’s 2020 Berkshire Hathaway Shareholders Meeting
As every year, I enjoyed watching the Berkshire Hathaway Shareholders Meeting. (Here are my live-tweets.) Here is what I learned this year: Remember that cash has option value Berkshire currently holds $125 billion in cash. They have not spend any of it this year. First, Buffett seems to be quite cautious and conservative at this…
The Key Principles of Value Investing
The style of investing that speaks most to me is value investing, as practiced by Warren Buffett and Benjamin Graham. I’m often asked: “What is value investing exactly?” Here is my understanding of the core principles: Have more purchasing power in the futureThe goal of all investing is laying out money today, so that you…