Via BlueRidge
This year is the 50th anniversary of Warren Buffett taking control of Berkshire Hathaway. “He has provided generations of investors with a great gift. Many, including me, have had our horizons expanded, our assumptions challenged, and our decision-making improved through an understanding of the lessons of Warren Buffett.” More on what Seth Klarman has learned from Buffett below, compliments of the Financial Times:
- Value investing works. Buy bargains.
- Quality matters, in businesses and in people. Better-quality businesses are more likely to grow and compound cash flow; low-quality businesses often erode and even superior managers, who are difficult to identify, attract, and retain, may not be enough to save them. Always partner with highly capable managers whose...
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