If you read through the early letters of Warren Buffett’s partnerships, it becomes quickly apparent the young investor wanted to get rich and wanted to do so quickly. When he was buying securities for the partnerships, he never did anything by halves. If he found an excellent opportunity, he would move quickly and with conviction to buy a substantial position, often devoting more than 40% of the portfolio to one company and occasionally borrowing nearly half of the portfolio’s value to increase overall exposure. In many ways, the strategy Buffett used in the late 1950s and into the early 1970s…
How A Young Buffett Learnt Diversification Doesn’t Pay
Rupert Hargreaves
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk
