“Berkshire will forever remain a financial fortress. In managing, I will make expensive mistakes of commission and will also miss many opportunities, some of which should have been obvious to me. At times, our stock will tumble as investors flee
Berkshire Hathaway and the Coronavirus Crash
Berkshire Hathaway is often referred to as a “fortress” due to Warren Buffett’s obsession with maintaining a massive margin of safety. With $125 billion of cash on hand as of December 31, 2019, there is no doubt that the company
Thoughts on the Coronavirus Correction
Financial markets have finally come to the realization that Coronavirus is a story that is not going away anytime soon. As long as the virus was confined mostly to China and other cases could be readily explained, markets in the
Buffett Loosens the Purse Strings for Repurchases
Berkshire Hathaway has released its 2019 annual report along with Warren Buffett’s annual letter to shareholders. In the letter, Mr. Buffett spends some time discussing the power of retained earnings as well as general capital allocation strategies. Given Berkshire’s policy
Twenty Years of Owning Berkshire Hathaway
Every person will have a different definition of what counts as “the long run”, but it is probably fair to say that a decade is thought of as a long time by almost everyone. That is enough time to bring