Legendary value investors' secrets
December 22, 2024
Warren Buffett goes for the long haul when it comes to marketable equity securities. As far back as March 14, 1978, he said in his FY1977 letter to stockholders of Berkshire Hathaway: “When prices are appropriate, we are willing to take very large positions in selected companies, not with any intention of taking control and…
Read More about Warren Buffett goes for the long haulWarren Buffett: “A truly great business must have an enduring ‘moat’ that protects excellent returns on invested capital.” Mr Buffett said this in his letter to Berkshire shareholders (February 2008) for Year 2007. Illustrating on this ‘moat’ concept, Mr Buffett said: “The dynamics of capitalism guarantee that competitors will repeatedly assault any business ‘castle’ that is…
Read More about Warren Buffett looks for enduring moat“We ordinarily make no attempt to buy equities for anticipated favorable stock price behavior in the short term. In fact, if their business experience continues to satisfy us, we welcome lower market prices of stocks we own as an opportunity to acquire even more of a good thing at a better price,” Warren Buffett said this in his 1977…
Read More about Warren Buffett’s thoughts on marketable securitiesWarren Buffett said in his letter to shareholders in the 1977 annual report that Berkshire Hathaway selected marketable equity securities in much the same way it would evaluate a business for acquisition in its entirety. Warren Buffett said then: “We want the business to be (1) one that we can understand, (2) with favorable long-term…
Read More about How Warren Buffett picks marketable securities