Here are 30 key takeaways
1. Big tribute to Charlie Munger. The entire 30-minute starting video is about Charlie. It’s amazing what he has done for the investment community
2. Berkshire Hathaway trims its stake in Apple by 13%
3. Insurance is still an excellent business. Ajit is doing an amazing job
4. Q1 was good for Berkshire Hathaway. The company keeps compounding at attractive rates
5. Every time you see the word EBITDA, you should replace it with bullsh*t earnings
6. Berkshire earns more than $100 million per day currently
7. Succesful investing is all about having a few very big winners
8. The power of compounding is the most underrated power in the world
9. Berkshire Hathaway will keep buying back shares in the years to come
10. Don’t check stock prices daily
11. Coca-Cola and American Express will probably never be sold
12. Apple will (probably) remain the largest position of Berkshire Hathaway in the years to come
13. Always look at a stock like a business.
14. Don’t try to time the market
15. The market is there to serve you. Use it to your advantage
16. The Intelligent Investor by Benjamin Graham is the best investment book ever
17. Higher taxes are quite likely in the future according to Buffett
18. Berkshire Hathaway‘s primary investments will always be in the United States
19. Anyone who says size doesn’t hurt performance is selling
20. Charlie’s two best ideas were probably BYD and Costco
21. Buffett feels extremely good about his exposure to Japan
22. The best time to sell a wonderful company is (almost) never
23. “I don’t know anything about Artificial Intelligence.” - Warren Buffett
24. Geico is still an amazing business. The company is making progress in its data analytics
25. Geico has lower costs than virtually any insurance company
26. “Charlie was the best Partner I could have very imagined.” - Warren Buffett
27. Always surround yourself with people you look up to and trust
28. “During our entire partnership, Charlie never lied to me even once.” - Warren Buffett
29. If there would be no risk there would be no insurance business. Insurance is still a very attractive business despite climate risk
30. Never bet against America
1. Big tribute to Charlie Munger. The entire 30-minute starting video is about Charlie. It’s amazing what he has done for the investment community
2. Berkshire Hathaway trims its stake in Apple by 13%
3. Insurance is still an excellent business. Ajit is doing an amazing job
4. Q1 was good for Berkshire Hathaway. The company keeps compounding at attractive rates
5. Every time you see the word EBITDA, you should replace it with bullsh*t earnings
6. Berkshire earns more than $100 million per day currently
7. Succesful investing is all about having a few very big winners
8. The power of compounding is the most underrated power in the world
9. Berkshire Hathaway will keep buying back shares in the years to come
10. Don’t check stock prices daily
11. Coca-Cola and American Express will probably never be sold
12. Apple will (probably) remain the largest position of Berkshire Hathaway in the years to come
13. Always look at a stock like a business.
14. Don’t try to time the market
15. The market is there to serve you. Use it to your advantage
16. The Intelligent Investor by Benjamin Graham is the best investment book ever
17. Higher taxes are quite likely in the future according to Buffett
18. Berkshire Hathaway‘s primary investments will always be in the United States
19. Anyone who says size doesn’t hurt performance is selling
20. Charlie’s two best ideas were probably BYD and Costco
21. Buffett feels extremely good about his exposure to Japan
22. The best time to sell a wonderful company is (almost) never
23. “I don’t know anything about Artificial Intelligence.” - Warren Buffett
24. Geico is still an amazing business. The company is making progress in its data analytics
25. Geico has lower costs than virtually any insurance company
26. “Charlie was the best Partner I could have very imagined.” - Warren Buffett
27. Always surround yourself with people you look up to and trust
28. “During our entire partnership, Charlie never lied to me even once.” - Warren Buffett
29. If there would be no risk there would be no insurance business. Insurance is still a very attractive business despite climate risk
30. Never bet against America
