Berkshire ’09 Annual Letter — Part Two For investors, perhaps the most tantalizing — and useful — part of Warren Buffett’s 2009 letter to shareholders is a little tidbit that’s appended to the end. Actually, it’s a solicitation, addressed to perhaps a few hundred people in the world. Who? People who run or have large...Read More
Memorable Quotes from Berkshire’s ’09 Annual Letter In 75% of [the last 44 years], the S&P stocks recorded a gain. I would guess that a roughly similar percentage of years will be positive in the next 44. But neither Charlie Munger, my partner in running Berkshire, nor I can predict the winning and losing years...Read More
“The Little Depression”? “The Great Recession”? Think of [the U.S. economy today] as Alien in reverse: lurking inside a dysfunctional, steroid-stuffed “monster economy” is a healthy, sustainable, and yes, market-driven one struggling to get out — albeit a smaller, slower-growing, and certainly simpler and more transparent economy. –“Financial Crash Instructions“; City Lakes Blog (12/12/2008) Up...Read More
