A periodic look through the archives of the greatest investor in history

In Berkshire Hathaway’s 1980 Letter to Shareholders, Warren Buffett talked about how he assesses different types of earnings. Below is an excerpt from the letter.

 Validea’s Warren Buffett-inspired portfolio is up 118.7% since its late-2003 inception vs. 88.4% for the S&P 500. Check out its holdings here.