In his 1996 shareholder letter, Buffett explained in great detail how he structured his long-term investment portfolio. Many of the contents of this letter have been quoted repeatedly so far, and it can be regarded as a very important shareholder letter.
Category: Warren Buffett
Money-losing companies in the US stock market has always been the norm
Many people think that the U.S. stock market has become a money-losing company in recent years? the answer is negative.
What are the risks investors should face up to?
Buffett explained in detail the risks that stock market investors should face up to and why they should invest in the broader market index.
Why do stock prices automatically rise with inflation?
When inflation, prices raised, the revenue will increase according to the ratio of the price increase, and of course the net profit will also increase. The increase in revenue and net profit will naturally push up the stock price; because the valuation of the stock Will automatically increase with the increase in revenue and profit
Why do stock funds perform so poorly? How bad is it?
Facts speak louder than words. 79% to 85% of US stock fund performance will lag behind the stock market in the long-term.
How do monopolies or oligopolies work in the real world?
In the real world, there will be no perfect competition, but monopolies or oligopolies enterprises
How Buffett Views Mergers and Acquisitions
In Buffett’s 1992 shareholder letter, Buffett detailed how Berkshire viewed corporate mergers and acquisitions.
Personality has a decisive impact on investment success or failure
Personality determines the success or failure of investment. If you don’t know who you are, the stock market is an expensive place to find out.
Buffett’s 2023 Annual Shareholder Letter
2023 Berkshire Annual Shareholder Letter, Chinese and English Text links
Industries with moat and going downhill
In Buffett’s eyes, industries with moat characteristics and examples of industries going downhill