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Warren Buffett Partnership Letter 18 January 1963 Review
Buffett knows that his letters are long, and partner had difficulty to read entire letters, so he point out few points, he called it’s a “Ground Rules” Following are the ground rules, please go through it, and the message behind the rules never change, like rule no 1 says no returns are guaranteed to partner,…
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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…
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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…
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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,…
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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…
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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…