Legendary value investors' secrets
December 4, 2024
Is a corporation trying to attract shareholders akin to a restaurant trying to attract potential customers? In his letter dated March 3, 1980 for FY1979 to Berkshire Hathaway stakeholders, Warren Buffett said: “Phil Fisher, a respected investor and author, once likened the policies of the corporation in attracting shareholders to those of a restaurant attracting…
Read More about Warren Buffett: French cuisine or take-out chicken?Warren 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 moatThis line came from Berkshire Hathaway chairman Warren Buffett in his annual letter (26 February 2011) to shareholders for Year 2010. To the prophets of doom, Warren Buffett has this to say: “The prophets of doom have overlooked the all-important factor that is certain: Human potential is far from exhausted, and the American system for…
Read More about America’s best days lie ahead