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“In my opinion, investment success will not be produced by arcane formulae, computer programs or signals flashed by the price behavior of stocks and markets. Rather an investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.” – Warren
In Philip Fisher’s “Five More Don’ts For Investors”, one of those don’ts is titled “Don’t be afraid of buying on a war scare”. American stock investor Philip Arthur Fisher (September 8, 1907 – March 11, 2004) was best known as the author of the investment guide book known as Common Stocks and Uncommon Profits. The
Global markets are in a turmoil as the USA and China poise themselves for a possible trade war. This brings to mind what legendary investor Warren Buffett said in his FY2016 letter to Berkshire Hathaway shareholders. “The years ahead will occasionally deliver major market declines – even panics – that will affect virtually all stocks,”
Back in December 2007, Warren Buffett made a ten-year US$1 million prize bet (background reading: Warren Buffett is set to win this US$500,000 wager) with asset manager Protégé Partners. Essentially, Warren Buffett wanted to prove a point: that his pick – a virtually cost-free investment in an unmanaged S&P 500 index fund – would, over
“In the short run, the market is a voting machine; in the long run, however, it becomes a weighing machine.” – Benjamin Graham Legendary value investor Warren Buffett, the chairman of Berkshire Hathaway, once again cited the abovementioned maxim of Benjamin Graham in his FY2017 letter to shareholders. What is so endearing about this quote
Source: Berkshire Hathaway Annual Report 2016 1. Although our form is corporate, our attitude is partnership. Charlie Munger and I think of our shareholders as ownerpartners, and of ourselves as managing partners. (Because of the size of our shareholdings we are also, for better or worse, controlling partners.) We do not view the company itself
In his February 27, 2016, letter to Berkshire Hathaway for FY2015, chairman Warren Buffett said: “While I’m on the subject of our owners’ gaining knowledge, let me remind you that Charlie and I believe all shareholders should simultaneously have access to new information that Berkshire releases and, if possible, should also have adequate time to
Does Warren Buffett or Berkshire Hathaway hold certain stocks forever? To answer this question, one needs to go back to Berkshire Hathaway’s 2016 Annual Report 2016, in which chairman Warren Buffett said: “Sometimes the comments of shareholders or media imply that we will own certain stocks “forever.” It is true that we own some stocks
