It’s always good to listen to Warren Buffet. Good article by Jason Zweig.
Steve
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That question will dominate this weekend’s annual meeting of Berkshire Hathaway , on the 50th anniversary of Mr. Buffett’s takeover of the company. His letter to shareholders in this year’s annual report offered Mr. Buffett’s thoughts—and those of Vice Chairman Charles T. Munger—on how an introverted and unheralded investor from Omaha turned a dying textile maker in New Bedford, Mass., into the fourth-largest public company in the U.S. by annual revenue.
Some of the keys to Mr. Buffett’s success as an investor can be emulated by almost anyone; others, by almost no one. How can you tell which is which? You need to understand what exactly it is that he does.
Mr. Buffett has always organized himself with a sole focus on investing sensibly, without having to answer to impatient clients or obsessing about what other investors are doing.
“It’s always been easier for me because I control the company,” Mr. Buffett told me this past week. “So I could play my own game, and that’s certainly unusual among older companies [that manage money].”
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