Month: April 2017

  • Warren Buffett Partnership Letter 6 July 1962 & 1 November 1962 Review

    Buffett starts 6 July 1962 letter with the Prediction paragraph, which he was mentioned in 1961 letter dated 24 January 1962, I am not repeating it here again, In first half of 1962, till 30 June 1962, Dow Declined with the overall loss of 21.7% including dividend, “A declining Dow gives us our chance to…

  • Howard Marks Memo 1991 First Quarter Performance Review

    The second memo from Howard Marks, named “First Quarter Performance” written in 1991, I am reviewing today, is very short but very important to understand from investor perspective. Howard starts this memo by saying “The mood swings of the securities markets resemble the movement of a pendulum.” The price of a stock, always behave like…

  • Change Your Thinking Change Your Life

    As I reading awesome book of Brian Tracy “Change your thinking, change your life” as I am a big fan and admirer of Brian Tracy, He is a writer, Speaker and Self development mentor. This book can give you a platform, for your life, its important and enjoyable reading. Who are you? You are not,…

  • Warren Buffett Wisdom 1961 (I) Letter

    Writing on 1961 performance, Buffett write “We will do relatively well compared to the general market in down or static markets, but that we may not look so good in advancing markets. In strongly advancing markets I expect to have real difficulty keeping up with the general market.” Buffet performance is good till date, and…

  • Howard Marks Memo 1990 The Route to Performance – Review

    In Intelligent Investor, one of the great book ever written on value investing by Benjamin Graham, The preface written by Warren Buffett, in that preface Buffett says “To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions…

  • Warren Buffett Wisdom 1960 (II) Letter

    From July 1961 Buffett start writing more than one letter for each year, As partners commented that once a year letter was “a long time between drinks” as per Buffett It is not difficult to find something to say twice a year, In first half of 1961 Dow gain was 13% Including dividend, while BPL…

  • Big & Sure Money – Warren Buffett Explained in 1967 Letter

    In 1967 Letter to partners Buffett explained the great points, in today’s equity analysis world, people divided in two groups qualitative and quantitative analysis, but Buffett suggest something different, let’s look what he said…… The evaluation of securities and businesses for investment purposes has always involved a mixture of qualitative and quantitative factors. At the…