[ad_1]
New Delhi: In his annual letter to shareholders, Warren Buffett acknowledged late business partner Charlie Munger’s contribution to building the company, calling him Berkshire Hathaway’s “architect”.
Buffett warned shareholders to be wary of Wall Street experts and said to ignore financial advisers who advise them to trade frequently.
Buffett said he always thinks of knowledgeable, long-term investors like his sister Bertie when he writes: “She was wise — very wise — and instinctively knew that experts should always be ignored.”
Buffett recalled the early days of buying Berkshire Hathaway, describing how Munger persuaded him not to buy such a business.
“Warren, stop buying companies like Berkshire,” the letter read.
“But now you take control of Berkshire, plus buy great businesses at fair prices, and give up buying fair businesses at wonderful prices,” it added, further asking Buffett to forget the lessons learned from his “hero” Ben Grae Lessons learned from Tom. Known as the “Father of Value Investing”.
Read the full article here
Buffett warned shareholders to be wary of Wall Street experts and said to ignore financial advisers who advise them to trade frequently.
expansion
Buffett said he always thinks of knowledgeable, long-term investors like his sister Bertie when he writes: “She was wise — very wise — and instinctively knew that experts should always be ignored.”
Buffett recalled the early days of buying Berkshire Hathaway, describing how Munger persuaded him not to buy such a business.
“Warren, stop buying companies like Berkshire,” the letter read.
“But now you take control of Berkshire, plus buy great businesses at fair prices, and give up buying fair businesses at wonderful prices,” it added, further asking Buffett to forget the lessons learned from his “hero” Ben Grae Lessons learned from Tom. Known as the “Father of Value Investing”.
Read the full article here
End of article
[ad_2]
Source link