Charlie was Warren Buffett’s longtime partner at Berkshire Hathaway. When asked how Berkshire achieved remarkable returns for over 50 years, Charlie’s answer was simple yet powerful: “Avoiding stupidity is easier than seeking brilliance.”
When you first start building your stock portfolio, value investing often seems like an attractive strategy. After all, you worked hard to build up your portfolio balance. So it’s only natural that you’d want to get the best possible value on the market. But these days, value alone simply won’t do…
Despite Buffett’s vast fortune and his army of stock analysts, there’s still ONE critical advantage you have over the “Oracle of Omaha”…
Buffett’s first investors were family and friends in his hometown in Omaha, Nebraska. If you were fortunate enough to invest $10,000 with him, it would now be worth over $370 million! That’s the reason Buffett is called the “Oracle of Omaha.” Both Berkshire A and B shares made an all-time high on Buffett’s birthday. Perhaps it was Mr. Market’s birthday present to Warren. The A shares closed at $715,000. Imagine just buying three shares back in the late 1980s when they traded for less than $1,800?
Here’s a lesson on finding companies to invest in with high-quality earnings: from Warren Buffett’s 20-word wisdom.
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