The book University of Berkshire Hathaway resumes the relevant lessons learned…
“That year, 15,000 people came to Omaha’s Woodstock for Capitalists. Buffett’s $36 billion fortune was once again exceeded only by Bill Gates’s. He had bounced back, almost to the top of the heap. “What is the ideal business?” a shareholder asked when…
I first wrote about learning on demand in Spanish and friends told me that it is one of my best posts, so here is the English version.
The general way education works in our society is that we learn X amount of years and then we get a job. In many cases, this methodology is…
This excerpt from the book Snowball explains why taking debt to make up losses is tempting but not good.
“The advent of the Bloomberg terminal, symbol of the new computerized trading, mirrored the ongoing struggle over Salomon’s…
Excerpt from the book The Snowball: Warren Buffett and the Business of Life
“At the time that Buffett invested in Salomon, the market was near a breaking point. In his shareholder letter the previous March, he had said that money managers were so hyperkinetic they…
“Buffett had written an article for Fortune, “Why I’m Down On the Dollar,”20 in which he explained that he had made significant investments in foreign currencies out of a belief that the dollar would decline in value. The reason was something called the trade deficit: Americans…
