Just as “The Oracle of Omaha” Warren Buffett is known to spend a significant amount of time in a California mansion, the most popular words in his newsletter are mostly predictable yet sometimes yield surprising results.
As you might expect, among the most popular words the value investor uses in his annual investor letter over the years have been “earnings,” his second most popular word used 1,605 times since 1977. Earnings are an investing derivative of the word “value,” used 1,216 times since 1977, according to a recent report.
Letter shorter than previous two editions, includes "float," "insurance," and "billion" but little mention...
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